This includes homework, possible library assignments, field trips, etc. Develop an appreciation of the role and importance of farm accounting practices in the management of agribusinesses.
Accounting is a common thread throughout all of agriculture.
Introduce concepts and approaches that are useful when analyzing on-going as well as possible future operations. Become familiar with enterprise budgeting. Discuss the importance of federal and State tax considerations when accounting for agricultural operations. Become very familiar with double-entry accounting principles. Understand accrual accounting.