Originally published:1986-03 as Discussion paper (Lincoln College (University of Canterbury). Agricultural and Economics Research Unit) ; no. 100 by Lincoln College. Agricultural and Economics Research Unit.
The need for farmers to undertake effective management
and accounting practices for their businesses is always
present and is especially important in times of financial
constraint. In general, farm accounting appears to be based
mainly on preparing external reports for taxation purposes.
The growth of the importance of outside investors,
especially in horticultural developments, will mean that the
need for meaningful external reporting will become greater
and the preparation of reports providing better information
than tax return documents will be required.
The area of management accounting as it applies to
farming has received little attention. Management
accounting techniques have a major contribution to make to
improve farmer decision making. The concepts involved are
relatively simple; the benefits from their use are
potentially large.
This Discussion Paper has been prepared by Professor
Roger Juchau, Professor of Finance and Accounting at Lincoln
College. The Paper presents a discussion of some of the
techniques available for financial reporting and management
accounting and suggests that the adoption of some of the
newer techniques (even the improved use of old techniques)
would make a substantial contribution to the efficiency of
analysis and resource use in the agricultural sector.
The AERU has a close association with both the Farm
Management and Rural Valuation and the Agricultural
Economics and Marketing Departments and undertake to publish
suitable material from both Departments. This Discussion
Paper represents a significant contribution to the debate
on farm accounting practices.[Show full abstract]
![[PDF]](/themes/LURA/images/mimes/b_pdf.png "PDF file"){kind=small}
