Welcome to the website of the IFRS Foundation and the IASB

Saturday 01 November 2014

Banner graphic

Revenue on sale of agricultural produce

Agriculture: Revenue on sale of agricultural produce


 IFRS Interpretations Committee Agenda Decision

IAS 41 Agriculture: Revenue on sale of agricultural produce

The IFRS Interpretations Committee received a request to amend the Illustrative Example of IAS 41 to clarify the presentation because there is a confusion about the application of the requirements for both the separate presentation of revenue under IAS 18 and the disclosure of gain or loss arising from the change in fair value less cost to sell of biological assets under IAS 41.

Project stages