CamEd Open Access Repository

Faculty Publications  | Volume 3     |    Number 2   |  July-December 2018   |    Pages 1 – 36

Received: July 2018   |  Published unedited: November 2018

SUMMARY

IFRS is increasingly required in developing economies. Among these countries, agriculture is typically a key component of the economy.” This study investigates how the International Financial Reporting Standard (IFRS) on agriculture, International Accounting Standard (IAS) 41, is applied to the primary agricultural produce in the rubber industry, latex. The scope of the study was limited to rubber producers that also conduct post-harvest processing in a developing economy, Cambodia. Cambodia is a country in Southeast Asia that requires compliance with either Cambodian International Financial Reporting Standards (CIFRS) or CIFRS for SMEs, which are identical to IFRS and IFRS for SMEs.