IAS 41 | Agriculture | SBR

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  • Опубліковано 30 жов 2024

КОМЕНТАРІ • 60

  • @maryambatool4742
    @maryambatool4742 4 роки тому +4

    I am a teacher myself
    This was the best way

    • @RahmanEdu
      @RahmanEdu  4 роки тому

      Thank you very much for your appreciation.

  • @ahmadshahzad3777
    @ahmadshahzad3777 2 роки тому

    The best video ever . Seen on this standard

  • @shahariarhasan7861
    @shahariarhasan7861 5 років тому +3

    It''s one of the best accounting tutorial i have ever seen...

  • @imtiazmohammedarafeen3972
    @imtiazmohammedarafeen3972 5 років тому +2

    Very well explained esp, the journal entry on initial recognition. Thanks Sir.

  • @NizamudDin-hy1iy
    @NizamudDin-hy1iy Рік тому

    Very nicely eleborated

  • @mercyintu5437
    @mercyintu5437 2 роки тому

    Nice & understandable video

  • @andrenogueira5949
    @andrenogueira5949 5 місяців тому

    Very good video !

  • @syedtapu9761
    @syedtapu9761 2 роки тому

    Very nice video. We want more video.

  • @amirahros5095
    @amirahros5095 4 роки тому +2

    Thank you so much. This is very helpul and the best tutorial i've ever seen on UA-cam ((:

  • @veltel1207
    @veltel1207 4 роки тому +1

    the video is so clear.. amazingly it seems very easy now that i watched it. everything is detailed and very-well explained..thanks.. however, updates for this year is what's lacking.. i hope you'll make more video..its very useful..

  • @lyagobadiana3627
    @lyagobadiana3627 3 роки тому +1

    Thanks. I had forgotten everything due to this lockdown but now at least I have got 35%

  • @1JGale
    @1JGale 3 роки тому

    Great video, thanks

  • @atuwenisande499
    @atuwenisande499 Рік тому

    Thank you for this video

  • @lakshmidevimailakuntla5683
    @lakshmidevimailakuntla5683 2 роки тому

    So understandable Sir. Please provide problems also for the topic

  • @juliuskconsult
    @juliuskconsult 2 роки тому

    Well elaborated

  • @atolomartha2117
    @atolomartha2117 Рік тому

    Woww,i love your simplicity and clarity Sir 🙏

    • @RahmanEdu
      @RahmanEdu  10 місяців тому

      Thank you very much for your appreciation. Your appreciation is my fuel.

    • @hafiztalha4282
      @hafiztalha4282 2 місяці тому

      ​@@RahmanEdu please we need more standard lectures from you

  • @christinankya516
    @christinankya516 2 роки тому

    It really helped me

  • @aliuzair2706
    @aliuzair2706 4 роки тому +1

    Helpful😉

  • @hasanrakibul7375
    @hasanrakibul7375 3 роки тому

    Benefited, thank you
    sir

  • @tahahassan3407
    @tahahassan3407 Рік тому +1

    A day before my CA exams of ICAP..... And did IAS 41 in 19 mins

  • @stanleychigali4020
    @stanleychigali4020 4 роки тому +2

    I need a video in ifrs 9. Your presentation has a lot of clarity

  • @vitaapriliasari6727
    @vitaapriliasari6727 4 роки тому

    Thank you ...very clear explanation

  • @wasanthaarachchi295
    @wasanthaarachchi295 Рік тому

    very good presentation. Could you share the powerpoint presentation

  • @avinashjain5147
    @avinashjain5147 4 роки тому

    Excellent thank you

  • @karlorestoamizero66
    @karlorestoamizero66 5 років тому

    great job for sure!!!! understable

  • @Jonathan-vv5gg
    @Jonathan-vv5gg 4 роки тому +1

    How can I have handouts of biological assets and related accounting treatment

  • @theasofiabarabicho252
    @theasofiabarabicho252 4 роки тому +1

    Thank you sir!

  • @veasnapech1298
    @veasnapech1298 3 роки тому

    Could we capitalize the hay and other maintenance fee (if any) into calf as immature asset or as expenses?

  • @albertjoe1181
    @albertjoe1181 4 роки тому

    So biological assets are measured at fair value or net realisable value...since we less cost to sell??

  • @wanglili2115
    @wanglili2115 5 років тому

    It's really informative! Thanks for uploading 💯

  • @Robin0095
    @Robin0095 5 років тому +1

    Thank you for doing this, very helpful :)

  • @kevinthong9549
    @kevinthong9549 2 роки тому

    The video was informative and concise, however please improve in your pronounciations thxx

  • @keerthubala1357
    @keerthubala1357 4 роки тому

    the video was very helpful. Could you please share a video on IAS 2 inventories, I am not clear on its topic.

  • @mohammadgholami1392
    @mohammadgholami1392 5 років тому

    very useful

  • @catchatstyle3208
    @catchatstyle3208 4 роки тому

    Thank you

  • @evilmaknae5988
    @evilmaknae5988 5 років тому +4

    2:53 I was studying late (around 4am) and that really creeped me out

    • @manuellopezavila9517
      @manuellopezavila9517 4 роки тому

      😂😂😂

    • @frankkumi2816
      @frankkumi2816 4 роки тому

      LOL Wait till you get to 4:09 "...The milking process. milk it until you can milk no more" That's so creepy!

    • @Tem209
      @Tem209 3 роки тому

      @@frankkumi2816 yes that's how some greedy assholes like to think

  • @farougosman6289
    @farougosman6289 5 років тому

    I like it

  • @Jonathan-vv5gg
    @Jonathan-vv5gg 4 роки тому

    Thanks for this nice presentation. So how can we recognized new calf born

    • @RahmanEdu
      @RahmanEdu  4 роки тому

      A new calf is a new biological asset. You recognize it at fair value less cost of sales and book equal amount in profit.

    • @profclaudel3569
      @profclaudel3569 4 роки тому

      @@RahmanEdu how about if you buy a mature cow at a price lower than the fair value, how will you measure the cow at initial recognition?

  • @janamarielimen6361
    @janamarielimen6361 5 років тому

    thankyou

  • @JollyJoshu
    @JollyJoshu 5 років тому

    It is very nice

    • @JollyJoshu
      @JollyJoshu 5 років тому

      Please add video for Financial Instruments and Revenue as well

    • @RahmanEdu
      @RahmanEdu  5 років тому

      @@JollyJoshu Thank you for your recommendations. Now I have some motivation to upload more videos as my viewers are requesting. :)

  • @AhmedHafez-lp1if
    @AhmedHafez-lp1if 5 років тому

    thank u

  • @سامحسيد-ص8ج
    @سامحسيد-ص8ج 5 років тому

    Good bro
    I need irfrs handout

  • @akhiljohnthomas2094
    @akhiljohnthomas2094 5 років тому +2

    Why the accent 🙄

  • @danieltee1710
    @danieltee1710 5 років тому

    How to account for sale and death of a biological asset (for example a chicken)

    • @RahmanEdu
      @RahmanEdu  5 років тому +1

      Sales of biological asset:
      On sales of biological asset you need to de-recognize the asset. The carrying value of the asset (as measured in accordance with IAS 41) is the FV less cost of sales.
      At the same time you recognize sales proceed. Assuming agriculture is the regular operating activity of the entity, sales proceed should be recorded in revenue. And the carrying value of the biological asset should be recorded in cost of goods sold. And separately selling cost is debited to the distribution expense.
      If agriculture is not an ordinary activity of the entity then profit or loss on disposal should be recorded in operating section as other income/ expense.
      Profit or loss on disposal = Sales proceed - Carrying value of asset - selling cost.

    • @RahmanEdu
      @RahmanEdu  5 років тому +2

      Death of biological asset. On death biological asset is considered as harvested. Therefore it will be transferred to agricultural produce and will be measured at FV less cost to sales.
      Value of the asset after death may be zero (for chicken) therefore there will be a loss on de-recognition of the asset. Loss = Carrying value of asset - 0 (or revised FV less cost to sales for dead asset, {say for cow you may still receive some value from disposal of the skin}.
      If agriculture is the ordinary activity of the entity then this loss would be a part of the COGS; otherwise the loss will be accounted for in operating section.

    • @profclaudel3569
      @profclaudel3569 4 роки тому

      @@RahmanEdu can we consider mortality as physical change?

    • @RahmanEdu
      @RahmanEdu  4 роки тому

      Death is harvest. Harvest transforms biological asset into agricultural produce.

  • @junaidahmed7963
    @junaidahmed7963 3 роки тому

    I think u should record audio in ur original accent. Its really annoying. It seems if u r pretending to be a British 🤭