Agricultural Accounting ON DEMAND
Available Until
Your Desk
10.0 Credits
Member Price $290.00
Non-Member Price $334.00
Overview
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 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. In short, this course is an essential desk reference for anyone engaged in agricultural operations.
Highlights
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, and more.
Prerequisites
None.
Designed For
CPAs and other business and finance professionals.
Objectives
Recognize the different accounting principles. Cite the line items and classifications used within the financial statements. Specify the differences between financial and managerial accounting. Specify the differences between cash basis and accrual basis accounting. Identify the concepts behind the accrual-adjusted approach. Specify 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. Identify the different types of accounting transactions and how they are recorded. Describe contra accounts and how they are used. Specify the methods used to derive the allowance for doubtful accounts. Describe the different classifications of securities, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
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