Even though the Guidelines documents produced by the Farm Financial Standards Council are extensively reviewed on a continual basis, issues and matters sometimes arise that are outside the “normal” financial accounting transactions typical for agricultural producers. We address one of those in our latest download.
Why the ffsc?
The Financial Guidelines for Agricultural Production provides recommended standards for format and content of financial reports, recommended financial measures common to all sectors of agriculture, and example statements and measures.
The Management Accounting Guidelines for Agricultural Production responds to the ever-increasing need for consistent, reliable, and accurate management information systems to support day-to-day production decisions.