Accounting Standards Board Roundtable: Discussion Paper on Agriculture - July 28, 2016


Date:

Thursday, July 28, 2016

Time:
Doors open at 8:15 AM | Roundtable starts at 8:30 AM to 10:30 AM  | No breakfast service.

Location:
Kelowna - location will be announced shortly

Description:
In December 2015, the Accounting Standards Board (AcSB) issued its Discussion Paper, “Agriculture.” If you are a preparer of financial statements or a service provider to agricultural businesses, the AcSB will be holding in-person roundtable discussions to hear your views. Take advantage of this opportunity to provide your views to senior AcSB representatives in an open forum discussion.

As a result of a lack of specific authoritative guidance, there is diversity in accounting by private enterprises for: 
biological assets (i.e., living animals or plants;) and agricultural produce (i.e., the harvested product of the enterprise's biological assets).
This diversity is causing difficulties for stakeholders in the agricultural sector.

Please note: This is a roundtable discussion (not a PD session) and participants are expected to have reviewed the discussion paper and be prepared to share their opinions.

Your input is critical to the AcSB’s determination of whether authoritative guidance on accounting for biological assets and agricultural produce should be developed for private enterprises. And, if so, which issues should be addressed and how.

Resources:

Download a copy of the AcSB Discussion Paper on Agriculture (http://www.frascanada.ca/standards-for-private-enterprises/documents-for-comment/item82458.pdf).






Sorry, registration for this event is now closed.

Please contact David Chiang at or dchiang@bccpa.ca for more information.