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.