Farm Management Software Blog

Has Farm Enterprise Analysis Lost Its Usefulness?

Posted by Norman Brown on Tue, Jun 26, 2012 @ 07:49 AM

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In 2008 the Farm Financial Standards Council (FFSC) published Management Accounting Guidelines for Agricultural Producers.  These recommendations prompt these questions regarding traditional farm enterprise analysis:

  • How does management accounting differ from farm enterprise analysis, if it indeed differs?

  • Will management accounting supplant farm enterprise analysis or complement it?

  • Can farm enterprise analysis practitioners build on what they already know by familiarizing themselves with management accounting principles?

  • If so, when is management accounting likely to be more useful than enterprise analysis?

Read this on-line article by Alan Miller, Freddie L. Barnard, Norman Brown, Brenda Duckworth, Barbara Wheeling, and R. L. “Dick” Whittman in the Journal of the American Society of Farm Managers and Rural Appraisers (ASFMRA) and respond with your comments.

Tags: managerial accounting, farm financial statements, accrual accounting, farm financial reporting, agricultural managerial accounting, Farm Financial Standards, cash or accrual, activity-based costing, farm financial standards council, Purdue Ag Economist, Dick Whittman, Freddie Barnard, Barbara Wheeling, Alan Miller