What are the objectives of maintaing farm account

May 19th, 2015
Studypool Tutor
Utah State University
Price: $5 USD

Tutor description

Farm accounting is not just accounting, but an example of a management information system. Which means that a farmer chooses a package designed to maintain all the management information that will allow all the decisions of the operation to be based on good historic information.

Word Count: 2746
Showing Page: 1/11
What is farm accounting?what are the objectives of maintaing farm account?what are the differnt famr account ?Farm accounting is not just accounting, but an example of a management information system.Which means that a farmer chooses a package designed to maintain all the management information that will allow all the decisions of the operation to be based on good historic information.The normal standards of accounting will still be visible, so it might have been derived from GNUCASH, but it will be tailored to tell us what results came about as a result of various choices made, under what conditions.For instance, if a farm is into raising cattle, it wants to know what happened with a given cow, her ROP and feeding history, her calves identity, their ROP, their feeding history, the cow's history of illness, her calves history. What sires were used to produce the calves she produced. The sires used to breed her heifer calves throughout the whole herd life.Farmers often keep that herd information separately from their accounting records. And they keep crop records separately from accounting records. There are good reasons for that, in that they want to use a simple accounting package to do all of the accounting required by government and the banks. They are not into recoding software packages to provide the extra information they need to manage the farm.The packages that are available almost always start from a core of standard accounting, such as GNUCASH, with open

Review from student

Studypool Student
" Excellent work as always thanks so much "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1819 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors