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Introduction to Agricultural Accounting 1st Edition

Barbara M. Wheeling

  • Published
  • 320 Pages

Overview

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.

Barbara M. Wheeling,

Barbara Wheeling is an Assistant Professor in Accounting at the Montana State University-Billings. Barbara is a Certified Public Accountant and is a member of Pacific Northwest Farm Business Management Instructors. She has contributed to Alternatives to GAAP for the Agricultural Industry, Today¿s CPA, Agricultural Accounting: A Case for Asset Revaluation, and Accounting for Agricultural Producers monograph for Bureau of National Affairs, Washington, DC.
  • Accounting principles are based on current guidelines from the Farm Financial Standards Council to provide up to date knowledge on accounting for agriculture
  • Learning objectives are outlined to emphasize important material to be learned
  • Provides step-by-step instructions on how to record transactions, and prepare financial statements for ease in application of the accounting principles
  • Presents examples of the application of accounting procedures in an agricultural context for ease in understanding the relevance for the agricultural industry
  • Figures and tables present main concepts for easy reference
  • Story problems apply the accounting procedures for clarification on the application of accounting principles
Introduction
Chapter 1: The Nature and Format of Farm Financial Statements
Chapter 2: Accounts
Chapter 3: Journal Entries
Chapter 4: End of Year Accounting Procedures
Chapter 5: Financial Statement Preparation and Closing Entries
Chapter 6: Revenue and Expense Measurements
Chapter 7: Asset Valuation, Part 1Current Assets
Chapter 8: Asset Valuation, Part 2Non-current Assets
Chapter 9: Valuation of Liabilities and Equity
Chapter 10: Analyzing Financial Position and Financial Performance

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR INSTRUCTORS

Introduction to Agricultural Accounting

ISBN: 9781418038342
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.

eResource

ISBN: 9781418038359

FOR STUDENTS

Introduction to Agricultural Accounting

ISBN: 9781418038342
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.