The Farm Financial Standards Council has prepared guidelines for accounting for forgiveness of Paycheck Protection Program (PPP) and Economic Injury Disaster Loan funds. You can get them on our website now!
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.