Table
of Contents
Chapter 1 - Introduction to Agricultural Accounting
Format of the Financial Statements
Financial Statement Disclosures
Construction of Financial Statements
Additional Commentary on the Financial Statements
The Certified Public Accountant
Accounting Standard-Setting Organizations
Financial Accounting and Managerial Accounting
Chapter 2 - Accrual and Cash Basis Accounting
Converting Cash Basis to Accrual Basis Accounting
Chapter 4 - Accounting Transactions
Investments in Perennial Crops
Purchases of Market Livestock and Crops
Annual Costs for Producing Perennial Crops
Receipt of Payment from Customers
Chapter 5 - Receivables Accounting
The Accounts Receivable Aging Report
Estimation of the Allowance for Doubtful Accounts
Accounting for the Allowance for Doubtful Accounts
Chapter 6 - Investment Accounting
The Realized and Unrealized Gain or Loss
Purchase and Sale of Investments
Accounting for Dividends and Interest Income
Stock Dividends and Stock Splits
Ongoing Accounting for Investments
Chapter 7 - Inventory Accounting
Accounting for Inventory at Period-end
Summary of Inventory Valuation Rules
Accounting for Inventory - Feed
Purchase of Feed for Internal Use
Accounting for Inventory Crops
Accounting for Inventory - Livestock
Purchase of Market Livestock for Resale
Raised Market Livestock for Sale
Chapter 8 - Fixed Assets and Depreciation
The Initial Measurement of a Fixed Asset
Sum-of-the-Years Digits Method
Double-Declining Balance Method
The Depreciation of Land Improvements
Depreciation Accounting Entries
Chapter 9 - Non-Current Farm Assets
Valuation of Raised Breeding Livestock
Special Poultry Considerations
Chapter 10 - Payables Accounting
Accounting for Accounts Payable
Treatment of Incorrect Filings
Chapter 13 - Derivatives and Hedging Transactions
Hedge Accounting Fair Value Hedges
Hedge Accounting Cash Flow Hedges
Chapter 14 - Cooperative Accounting
Deliveries Made to Marketing Cooperatives
Inventory Delivered to a Marketing Cooperative
Advances from a Marketing Cooperative
Chapter 15 - Revenue Recognition
Effects of Inventory Valuation using Net Realizable Value
Commodity Credit Corporation Loans
Chapter 16 - Financial Statement Preparation
Allowance for Doubtful Accounts
Chapter 17 - Financial Statement Disclosures
Disclosure of Accounting Policies
Trade Accounts and Other Receivables
Disclosure of Raised Dairy and Breeding Livestock
Disclosure of Deferred Income Taxes
Disclosure of Short Term Notes Payable
Disclosure of Investments in Cooperatives
Disclosure of Dealings with Cooperatives
Chapter 18 - Farm Financial Analysis
Capital Debt Repayment Capacity
Final Examination
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