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.