This case is the fair value at Las-41 for European listed agricultural company. Students will identify the main operations of the company, distinguishing treatment IFRS for the three different assets: land, agricultural assets, which are on the ground, and inventory is made up of land. They also analyze the key decisions regarding the reporting of agricultural assets, which create friction such that the market value and book value do not match, despite the application of the fair value of most of the assets of the company. The case also highlights how fair value accounting affects the assessment of basic resources, such as income, and the consequences for non-normal profits and based on the assessment. "Hide
by Edward J. Riedl, Christina Meyer Source: Harvard Business School 15 pages. Publication Date: November 12, 2009. Prod. #: 110026-PDF-ENG
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