IAS 41 Agriculture

Requirements:

Focusing on IAS 41 accounting standard, incorporating the following;

(i) Analyze the requirements of the accounting standards on recognitions, measurements, and disclosures;

(ii) Discuss the impacts of the accounting standards on fundamental qualitative characteristic (relevance and faithful representation) of information reporting;

(iii) Identify and critically discuss any three practical challenges in complying with the selected accounting standards.

Please note that i need a thorough explanation for above three questions.

Only attempt the questions if you can otherwise don't attempt it, i don't expect copy and pasting from internet.