THE FARM MANAGEMENT ACCOUNTING LITERACY OF ACCOUNTANTS

Mike Stephens1, Paul Blackshaw1

1Directors, Meridian Agriculture

mstephens@meridian-ag.com.au

 

ABSTRACT

A positive relationship between the farm business manager and their accountant is a key one in the management and success of the farm. While this relationship is very positive in many cases, Agricultural professionals believe that an increased understanding of farming financial literacy would benefit both parties. Feedback from accountants and farmers supports this.

Historically, training programs and packages have focused on improving financial literacy skills of farmers. This paper considers a greater focus on agricultural financial literacy for accountants might be more successful, and proposes a model to deliver this. It also includes a checklist to assist farmers in reviewing their existing relationship with their accountant.

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IFMA

The objective of the International Farm Management Association is to further the knowledge and understanding of farm business management and to exchange ideas and information about farm management theory and practice throughout the world. The IFMA is a non profit-making organisation and currently the Association has members in over 50 countries.

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Photography Credits

Tourism Tasmania, Barnbougle Dunes, Ray Joyce, Health Holden, Graham Freeman, Joe Shemesh, Glenn Gibson, Hobart City Council, Nick Osborne, National Trust Tasmania, Dale Baldwin, Brian Dullaghan, Rob Burnett, Alistair Bett, Alice Bennett, Wai Nang Poon, Chris Crerar, Kathy Leahy, Flow Mountain Bike, Tasmanian Parks & Wildlife Service, James Bowden, Masaaki Aihara, Sean Feennessy, Bruce Irwin, Liz Knox