FAIR VALUE MEASUREMENT IN AGRICULTURE AND THE POTENTIAL TO MISLEAD

Abstract

Applying fair value measurement to tangible and intangible assets in agriculture cannot be risk free. Twofoldreasons can be brought into attention for the above statement: fair value estimation and the specific of agriculturefield. The purpose of this discussion paper is to underline potential creative accounting demarches that can appear inthis context. The paper concludes based on the discussions approached in the literature. Further avenues of researchare discussed.

Keywords

• IAS 41
• creative accounting
• fair value
• accounting treatment