This course addresses every aspect of the accounting that one might encounter in a farm, ranch, or related business. The intent is to not only explain agricultural accounting concepts, but also to provide examples and show how an accounting system can be constructed and operated. The course pays particular attention to unique aspects of agricultural accounting that are not encountered in other industries, including special valuation rules for inventory, hedging transactions, dealing with cooperatives, and recording non-current farm assets.
Agricultural Accounting. Accrual and Cash Basis Accounting. Accounts. Accounting Transactions. Receivables Accounting. Investment Accounting. Inventory Accounting. Fixed Assets and Depreciation. Non-Current Farm Assets. Payables Accounting. Debt Accounting. Income Taxes. Derivatives and Hedging Transactions. Cooperative Accounting. Revenue Recognition. Financial Statement Preparation. Financial Statement Disclosures. Farm Financial Analysis.
CPAs and other business and finance professionals.
Recognize the different accounting principles. Cite the line items and classifications used within the financial statements. Note the differences between financial and managerial accounting. Note the differences between cash basis and accrual basis accounting. Identify the concepts behind the accrual-adjusted approach. Note the types of source documents for an accounting system. Recognize how assets and liabilities are classified within the balance sheet. Recognize the structure used in the chart of accounts, and more.
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $334.00
Member Price $290.00