It's in relation to agricultural accounting. A company can claim taxable income on biological assets still growing (plants) by subtracting finishing costs from finished value (the amount transferred to inventory after harvest). The further along the plant is in its grow cycle the more income that can be claimed.
It doesn't fit the cannabis industry at all due to the short grow cycle and I know managers would prefer not to do it but they have no choice but to comply with the standard. Where it does make sense is if you have a cattle farm where it takes several years for a cow to get to the stage for sale. Rather than having years of no income and then all of it being received at once (when the cow is sold) they can claim some income whilst the cow is maturing.
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