For developing nations, agriculture is disproportionately significant, and given the IASC's role in establishing financial reporting standards for those nations, this focus on agriculture was perhaps to be expected. IAS 41 applies only to biological assets, as those are the aspects of agriculture that have unique characteristics; the accounting for assets such as inventories and plant and equipment will be guided by such existing standards as IAS 2 and 16. In other words, once the biological transformation process is complete, the specialized accounting principles imposed on agriculture will cease to apply. IAS 41 sets forth a three-part test or set of criteria for agricultural activities. First, the plants or animals must be alive and capable of biological transformation. Second, the change must be managed. Third, there must be a basis for the measurement of change, such as the ripeness of vegetables, weight of animals, circumference of trees, and so forth.