biological assets

More Like This

Show all results sharing these subjects:

  • Financial Institutions and Services
  • Accounting


Quick Reference

Assets that are living plants or animals, such as trees in a plantation or orchard, cultivated plants, sheep and cattle, etc. The term was introduced in International Accounting Standard 41, Agriculture, which became operative for annual financial statements covering periods beginning on or after 1 January 2003.

Subjects: Financial Institutions and Services — Accounting.

Reference entries