Agriculture (Biological Assets and Agricultural Produce)

Agriculture Tutorial. This video aims to help everyone, especially students taking accounting courses, to understand the concept of Agricultural Activity including Biological Assets and Agricultural Activity. Subscribe to our channel to be updated on the release of the next videos.

Hi guys! You may refer here for different topics of Agriculture
0:00 - Start
0:38 - Definition of Agricultural Activity
6:00 - Example of Biological Assets, Agricultural Produce and Processed Products from Agricultural Produce
10:12 - Features of Agricultural Activity (Capability, Management, and Measurement of Change)
15:50 - Types of Biological Assets
22:00 - Exceptions to PAS 41
28:15 - Recognition of Biological Assets and Agricultural Assets
30:55 - Measurement of Biological Assets
35:20 - Measurement of Agricultural Produce
36:43 - Biological Assets Attached to Land
38:43 - Government Grants Related to Biological Assets
40:50 - Gains and Losses on Initial Recognition
44:30 - Physical and Price Changes
47:55 - Example Problem: Physical and Price Change Computation


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