Paper #497

Títol:

New opportunities for farm accounting

Autors:

Josep M. Argilés i Eric J. Slof

Data:

Juliol 2000

Resum:

There is a gap between the importance given to accounting and the low level of bookkeeping and accounting practice in the agricultural sector. Current general accounting rules do not adapt very well to the particularities of farming and are difficult and expensive to implement. The Farm Accountancy Data Network (FADN) and IASC's Proposed International Accounting Standard on Agriculture (PIASA) could be key elements to improve the use of accounting in European farms. The PIASA provides a strong conceptual framework but might need further instruments for its implementation in practice. FADN is an experienced network that has elaborated very detailed farm accounting procedures. Empirical data indicate that current FADN reports are already considered useful by farmers for different purposes. Some changes in the FADN procedures are suggested, while some aspects of FADN are worthwhile for the future IAS on agriculture.

Paraules clau:

Agricultural accounting, international accounting standards, farm accountancy data network, European Union, use of farm accounting

Codis JEL:

M41

Àrea de Recerca:

Finances i Comptabilitat

Publicat a:

European Accounting Review, 10, 2, (2001)

Descarregar el paper en format PDF