Valtech Provides Valuation Service of Biological Assets (IAS 41)
Discover the principles of valuing biological assets under IAS 41 and how it impacts financial reporting and agricultural practices.
Valtech Valuation Completes Valuation on Biological Asset Project
Valtech’s valuation team has recently completed business valuation for a biological asset project in Shandong Province. This project presented unique challenges and opportunities, as we adopted Hong Kong Accounting Standard 41 – Agriculture(“HKAS41”) to assess the fair value of our client's wheat crops, aligning our practices with internationally recognized accounting guidelines.