Coffee is one of the most prominent agricultural products In Indonesia, besides other commodities such as palm oil, rubber, cocoa, and tea. The International Accounting Standards Board (IASB) regulates agriculture business in IAS 4. which was issued December 2000 prospectively applied worldwide on 1 st January 2003. standard encourages coffee plantations to be recorded at their fair value leads...

Optimality in accounting standards is elusive, and a tireless quest for it through empirical research seems rather Sisyphean. Then, why don’t we let market participants decide as we do in most consumer goods? On the other hand, even card-carrying free market advocates seem to have a hunch that some labor standards such as prohibition of sexual harassment and protection of workers engaged in dan...