Livestock Valuation in a Dairy Business

• DOI: 10.2308/iace-50549
• Publication Date: 2013-06-27T15:11:43Z
• Authors: Junaid Ashraf; Zeeshan Ahmad; Imran Chaudhry
• Keywords: Business valuation

ABSTRACT This case study deals with assessing the value of livestock in financial statements a dairy farming business. With global market predicted to reach US$494 billion by 2015 (GIA 2012), is largest sector world agriculture production. It an important industry many countries. For example, USA, contributes more than $160 economic output and provides 90,000 jobs (DFT 2012). The subject matter small business Pakistan, country that fifth producer milk (FAO 2009). describes disagreement between management auditors about initial recognition subsequent measurement crossbred cattle aim this help students understand issues involved light guidance provided International Accounting Standard on Agriculture (IAS 41). can also be used differences requirements U.S. GAAP international accounting standards, as well possible reasons for these differences.