Author
Barbara M. Wheeling
Description
Introduction to Agricultural Accounting offers an approach for compiling and analyzing accounting information specific to agricultural operations. Unlike typical accounting books, this text addresses the issues and situations unique to the agricultural industry, and offers relevant examples of accounting applied to agricultural operations. The accounting procedures offered build on current practice in agriculture. Cash-basis accounting, prevalent in many farm operations is explained in the text through an accrual-adjusted system. This system provides more accurate information for the measurement of profitability of the farm operation. Figures and tables are presented throughout for easy reference, and to simplify accounting practices. The easy-to-understand approach is appropriate for learners without any accounting background.
Table of Contents
1: The Nature and Format of Farm Financial Statements
2: Accounts
3: Journal Entries
4: End of Year Accounting Procedures
5: Financial Statement Preparation and Closing Entries
6: Revenue and Expense Measurements
7: Asset Valuation, Part 1Current Assets
8: Asset Valuation, Part 2Non-current Assets
9: Valuation of Liabilities and Equity
10: Analyzing Financial Position and Financial Performance
