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The particular form and degree of organic structure the organization adopts should depend on its
IAS 41
International Accounting Standard 41 relates to agriculture. It prescribes the accounting treatment and disclosures related to agricultural activity.
Agricultural Produce
Products that result from the cultivation and harvest of plants, animals, and other organic materials for human consumption and use.
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Agricultural Activities
Operations involved in the cultivation of land, raising and managing livestock, and growing crops, intended for the production of food and raw materials.
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