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IAS 41: Agriculture

The accounting standard IAS 41 sets out the accounting treatment and disclosures relevant to agricultural activity. Find articles, books and online resources providing quick links to the standard, summaries, guidance and news of recent developments.

What's on this page?

  • Full-text standard
  • Summaries
  • Guidance and support from ICAEW
  • IASB news
  • Guides
  • Online articles
  • Articles and books from the Library

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Full-text standard

The IFRS Foundation and International Accounting Standards Board (IASB) provides free access to the consolidated unaccompanied international accounting standards for the current year through its website; you will need to register to gain access.

These standards are the unaccompanied versions and do not include any additional content that accompanies the full IAS and IFRS such as illustrative examples, implementation guidance and bases for conclusions.


IAS 41 – Agriculture
Timeline and summary from Deloitte IAS Plus, with information on related interpretations and amendments under consideration.

Topic summary provided by PwC, giving latest developments and overview, a summary of the standard and links to relevant resources.

ICAEW guidance and support

Financial Reporting Faculty
The faculty offers assistance and support in IFRS, UK GAAP and other aspects of business reporting. It offers technical briefings and factsheets, IFRS and UK GAAP standards-trackers, plus practical advice from industry experts and working accountants.

IASB news

IASB issues amendments to IAS 16 and IAS 41 for bearer plants
Press release issued by the IASB on 30 June 2014 announcing changes to reporting for plants such as grape vines, rubber trees and oil plants. Bearer plants will fall under the scope of IAS 16 while the produce grown on the plants will remain under IAS 41.

Guides and publications

Some guides and comparisons that we link to may pre-date the latest amendments to this standard. While these resources contain useful information, please treat them with appropriate caution.

Agriculture: A look at current financial reporting issues
Part of PwC's In Depth series, this guide looks at IAS 41, including new rules for ‘bearer plants’, with illustrative examples and Q&As. Published in June 2015.

Forest Industry: Application Review of IAS 41, Agriculture: The Fair Value of Standing Timber
Study from PwC, published in 2009, on how fair value is being applied by commercial forestry companies using IFRS.

A practical guide to accounting for agricultural assets
Guide published by PwC in November 2009 featuring questions and answers and illustrative examples.

IAS 41 and the forest industry: A study of the forest products companies' perception of the IAS 41 today
Paper by Angelica Burnside, deposited with the Department of Business Administration, School of Economics & Commercial Law, University of Gothenburg in June 2005.

IAS 41 Agriculture (ACCA)
Article summarising IAS 41 in Student Accountant, published March 2002.

Other resources

IFRS Learning
Interactive training modules from Deloitte with practical scenarios, worked examples and questions to test your knowledge. Each module is available to download as a zip file free of charge (registration is required).

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

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