Menomonee Falls, WI, (Jan. 19) –An updated version of the Financial Guidelines for Agriculture has been released by the Farm Financial Standards Council. With a January 2019 date, this 272-page edition replaces other versions of the document that have been in circulation since 1991. The most recent prior update was done in 2017.
Topics: farm financial statements, farm financial reporting, Farm Financial Standards, farm financial standards council
A previous installmentof Growth Path Accounting covered the Step Two question, "What are your information goals?" Before we go into an in-depth comparison of the methods, we're pausing to answer potential objections to this "GPS" accounting implementation strategy.
Topics: farm management accounting, farm financial statements, accrual accounting, farm financial reporting, enterprise analysis, agricultural inventories, cash or accrual, cost analysis
In prior installments in this series, we covered the two key questions in the Growth Path Accounting Decision Tree. This month we begin tracing the accounting results from these decisions.
Topics: farm financial statements, accrual accounting, farm financial reporting, farm inventories, agricultural software, enterprise analysis, agricultural inventories, cash or accrual, cost analysis, farm accountant
Topics: farm management accounting, cost accounting, farm financial statements, accrual accounting, farm financial reporting, agricultural managerial accounting, farm accounting, agricultural inventories, cost analysis, inventory valuation
Topics: farm financial statements, accrual accounting, farm software, farm accounting, growth path accounting, Farm Financial Standards, agricultural inventories
Two recent articles in the farm press validate how far farm management technology has come, yet how far it has yet to progress to make a serious business impact.
Topics: managerial accounting, farm management accounting, cost accounting, farm financial statements, accrual accounting, farm financial reporting, agricultural managerial accounting, farm inventories, farm records, farm software, ag software, agricultural decision support, business processes, agricultural software, farm accounting, enterprise analysis, precision farming
“Choose your rut carefully. You’ll be in it for the next two hundred miles.”
Topics: managerial accounting, cost accounting, farm financial statements, accrual accounting, agricultural managerial accounting, farm records, farm software, best practices, farm budgeting, agricultural inventories, activity-based costing, Dick Wittman
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:
Topics: 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
We will be examining the changes you need to make in handling Agricultural inventories as you move from traditional agriculture financial reporting to more up to date statements that follow Generally Accepted Accounting Principles.
Topics: farm financial statements, farm financial reporting, farm inventories, agricultural inventories
Mark your calendars for Wednesday, September 8, through Thursday, September 9 for the premiere software knowledge and networking event for...
A 2017 K•Coe Isom study showed people who spend time collecting and interpreting financial and operational information will average higher profits...
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"Labor and machinery variances are just awesome," according to the latest corn and soybean cost of production benchmarks presented by John McNutt, ...
Ag experts, farm owners and accountants from 13 states and provinces met in Moline, Illinois, to catch up on tech trends and sharpen their management...
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(Part 6)
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation...
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation...
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation Challenges, and...
The following is a summary of a presentation entitled "Financial and Management Accounting Software--Developments, Implementation Challenges, and...
| "What is the value of this kind of information if I can get it delivered to me in a more integrated fashion?" |
