The Farm Financial Standards Council invites all students, instructors, and industry professionals to prepare posters for presentation during the Council’s 2024 Annual Conference, which will be held July 24 – 26 in Louisville, KY.
The Council has updated its Financial Guidelines for 2024 by addressing issues related to accountant-prepared statements. Specifically, the 2024 edition provides updated guidance in two areas of “Appendix B: Example of Accountant Prepared Financial Statements.” The first is the measurement of expected credit losses on certain financial instruments and the
The International Farm Management Association is bringing it’s biennial Congress to Saskatoon, Saskatchewan, July 7 – 13 in 2024. What this means is this gathering will be within easy reach for many Council Members and a GREAT opportunity to meet with colleagues from around the world, literally. This group is
The Farm Financial Standards Council has recognized Phyllis Parks, a civic leader and longtime member of the council. In honoring Ms. Parks, Brown cited her years of leadership at the organization including a term as FFSC president in 2011. “It was under Phyllis’ guidance that the leadership had a weekend
Joe Kessie, now retired from Lake City Bank, Warsaw, IN, receives a plaque of special recognition and thanks from Kathy Reinhardt, CPA, president of the Farm Financial Standards Council. She cited Kessie’s years of being the official representative from the American Bankers Association and co-chair of the Council’s finance committee.
Norman Brown, founder and principal at FBS Systems, Aledo, IL, receives a plaque marking his status as an Emeritus Lifetime Member of the Farm Financial Standards Council from Kathy Reinhardt, CPA, president of the organization. In making the presentation, Reinhardt noted Brown’s continual presence as a member of the Council
The membership of the Farm Financial Standards Council elected Deena Brown, lead underwriter with CGB AgriFinancial Services, Louisville, KY, to be president of the organization for its 2023-2024 business year. The election was held during the group’s annual conference held July 26-28 in Moline, Ill. Taking on the role as
Menomonee Falls, WI. January 12, 2023 – The Farm Financial Standards Council (Council) has released an updated version of the Financial Guidelines for Agriculture (Guidelines). A revised edition of the corresponding Implementation Guide has also been published. The 2023 edition of the Guidelines updates and clarifies the discussion of depreciation, emphasizing book depreciation as the
Council veteran Pauline Van Nurden, an Extension economist with the Center for Farm Financial Management with the University of Minnesota, addresses the audience at the Farm Futures Boot Camp program in Coralville, IA on January 18. Her topic was How to measure your farm’s financial performance with the newly released Financial
Menomonee Falls, WI. January 12, 2023 – The Farm Financial Standards Council (Council) has released an updated version of the Financial Guidelines for Agriculture (Guidelines). A revised edition of the corresponding Implementation Guide has also been published. The 2023 edition of the Guidelines updates and clarifies the discussion of depreciation,
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