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
This Lender’s Summary from the Farm Financial Standards Council provides valuable guidance on using standardized accounting methods. Adopting these practices will lead to more effective financial analysis and benchmarking for both lenders and producers. The document is highly recommended for anyone involved in farm financial management and analysis. Sign up
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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How can a more accurate balance sheet help determine how to make your farm more profitable? Follow the link to read more.
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!
Questions about deferred taxes? Check out this webinar on our website.
The AMP webinar presentation for Deferred Taxes is to be presented by Dick Wittman and Todd Doehring on Aug 19, 2021 at 10am. You can register here to participate live. Did you know the Farm Financial Standards Council has sponsored other webinars this summer? Now you can watch them on
You are welcome to join in a series of free webinars put on by the Agribusiness Management Program section of the Illinois Soybean Association and co-sponsored by the Farm Financial Standard Council. Day One – July 20, 9 a.m. The Farm Legacy–Planning for Tomorrow As farm families grow in size
It’s easier than ever to join the Farm Financial Standards Council. Click the link below for more details and register for membership online with just a few clicks.
