Case

Educator Copy

JASSAR FARMS PRIVATE LIMITED: THE PREDICAMENT OF LIVESTOCK VALUATION

Research Associate Mr. Muhammad Imran Chaudhry, Dr. Junaid Ashraf

INDUSTRY :-

AREA :FINANCE

ORGANIZATION :-

LENGTH :18

LUMS No :02-626-2011-1

PUBLICATION YEAR : 2011

DESCRIPTION

ABSTRACT:

The biological assets at Jassar Farms represent approximately 40% of the total assets. The case describes the stand-off between the management and the auditors on the valuation of the cross-bred cattle, especially on issues pertaining to the capitalization of rearing and reproduction costs. Shahzad Iqbal, CEO Jassar Farms, understands the importance of an unqualified audit report; however he is convinced that the auditor�s valuation does not capture the economic reality of the biological assets at Jassar Farms.