Presenter: Caryn Maitland CA(SA)
By the end of this event the participant should:
Understand IAS 41 – Agriculture.
Understand amendments to IAS 16 and IAS 41 on bearer plants.
Be aware of the taxation effects from farning.
Understand the Diesel Refund System.
The webinar will cover the following topics:
Introduction to IAS 41 - Agriculture;
Scope and application of IAS 41 – Agriculture;
Recognition and measurement of biological assets;
Disclosure of fair value of biological assets;
Treatment of government grants;
Accounting for intangible assets related to agricultural activity;
Agriculture: Bearer plants (Amendments to IAS 16 and IAS 41);
Overview of the taxation of income from agricultural activity; the first Schedule of the Income Tax Act; and
The Diesel Refund System: