Agriculture Flashcards
proof of ownership of a certain amount of sugar, available at a specific warehouse
Quedan
The primary regulatory body of the livestock industry in the Philippines.
Bureau of Animal Industry
Responsible for developing and promoting standards for the agriculture and fisheries sectors.
Bureau of Agriculture and Fisheries Standards
one of the world’s leading providers of high-quality fresh fruits and vegetables, has a comprehensive pineapple operation, including a plantation in Lanao del Sur, Philippines.
Dole Food Company
a significant contributor to the global pineapple market, saw its revenue from fresh pineapple exports reach P5.85 billion in April. China is their main market, and they are the largest exporter of fresh pineapples to China, holding a 53% market share in 2020.
Del Monte Foods
With its headquarters in Negros Occidental, Philippines, it is one of the largest manufacturers of both raw and refined sugar in Asia
Victorias Milling Company
also known as Neovia Philippines, Inc., is a subsidiary of the global animal nutrition leader,
ADM AN Philippines
Located in Lipa City, Batangas, Philippines, ________________ is a key player in the wholesale trade industry, specifically in the grocery and related product merchant wholesalers sector.
B & V Trading
consists of sucrose crystals covered by a fine film of cane molasses. It is obtained from partially purified cane juice by centrifugation and crystallization
Raw sugar
The syrup separated from raw sugar
Molasses
non-centrifugal sugar that is obtained from evaporating fresh cane juice until the desired consistency has been obtained
Muscovado sugar
raw sugar that has undergone further purification and crystallization, achieving polarity not less than 99.5 degrees at mill grade
Refined or white sugar
by-product of cane crushing. It is typically burned for fuel by the sugar mill.
Bagasse
The largest food and beverage company in the Philippines, with dominant market share in poultry through its Purefoods Hormel Poultry, Monterey Farms, and Magnolia brands.
San Miguel Foods, Inc.
Largest hog raiser and pork processor in the
Philippines
Liwayway Marketing Corporation
Large producer and distributor of pork and processed
meat products.
Fortune Life Food Corporation
Largest dairy processor and distributor, known for its Magnolia milk brand.
Philippine Dairy Corporation
plays a crucial role in the livestock industry by promoting transparency and accountability through standardized sustainability disclosure.
Sustainability Accounting Standards Board
guides the final picking of pineapples prior to their approval for exportation.
Philippine National Standards–Bureau of Agriculture and Fisheries Product Standards
Regulatory body of the sugar industry
Sugar Regulatory Administration
lead agency for the livestock industry development; formulates policies and regulations through administrative orders, covering areas like pineapple variety registration, pest and disease control, and good agricultural practices.
Department of Agriculture
Relevant Accounting Standards (Agriculture industry)
Relevant Accounting Standards
- PFRS 13: FV Measurement
- PAS 2: Inventories (agricultural produce at point of harvest)
- PAS 16: (Agricultural land, bearer plants)
- PAS 38: Intangible Assets (Milk quotas)
- PAS 41: Agriculture
Audit issues in agriculture
Audit Issues in Agriculture
* Climate Change
* The Critical Issue on Water
* Rate and Impact on the Development of Technology
* The Safety and Security in Farms
* Biosecurity
Audit Considerations (agriculture industry)
Audit Considerations
* Field and Row Crops
* Orchards/Vineyards
* Intermediate-Life Plants
* Breeding Animals
* Production Animals
* Animals Held for Sale
* Land Development Costs
