Valuation of Biological Assets

Rajapaksha, S.R.; Perera, H.A.P.L.

dc.contributor.author	Rajapaksha, S.R.
dc.contributor.author	Perera, H.A.P.L.
dc.date.accessioned	2016-03-16T05:54:20Z
dc.date.available	2016-03-16T05:54:20Z
dc.date.issued	2016
dc.identifier.citation	Rajapaksha, S.R. & Perera, H.A.P.L. 2016. Valuation of Biological Assets. Case Studies in Accounting “Bridging the Gap”, 03: pp. 11-13. Department of Accountancy, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.	en_US
dc.identifier.uri	http://repository.kln.ac.lk/handle/123456789/12175
dc.description.abstract	‘Green Acre Farms PLC’ is a listed company on Colombo Stock Exchange, which has the largest and most modern poultry hatcheries and breeder farms in Sri Lanka. In performing the operations, selective breeding, hatching and sale of commercial day old chicks are provided by the Green Acre Farms (GAF). Following the ruling issued by Institute of Chartered Accountants of Sri Lanka (ICASL), on 2nd March 2012 on bearer Biological Assets, cost basis was used by the company in measuring their biological assets. However, company had to change their policy of measuring the biological assets from cost basis to fair value basis, due to the request by the company’s main investor and the auditors.	en_US
dc.language.iso	en	en_US
dc.publisher	Department of Accountancy, University of Kelaniya	en_US
dc.title	Valuation of Biological Assets	en_US
dc.type	Article	en_US