New Opportunities for Farm Accounting

UPF Economics and Business Working Paper No. 497

40 Pages Posted: 17 Oct 2000

See all articles by Josep M. Argilés

Josep M. Argilés

Universitat Pompeu Fabra

John Slof

affiliation not provided to SSRN

Multiple version iconThere are 2 versions of this paper

Date Written: March 2001

Abstract

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.

Keywords: Agricultural accounting; International accounting standards; Farm accountancy data network; European Union use of farm accounting

JEL Classification: M41, M47

Suggested Citation

Argilés Bosch, Josep Maria and Slof, John, New Opportunities for Farm Accounting (March 2001). UPF Economics and Business Working Paper No. 497, Available at SSRN: https://ssrn.com/abstract=246522 or http://dx.doi.org/10.2139/ssrn.246522

Josep Maria Argilés Bosch (Contact Author)

Universitat Pompeu Fabra ( email )

Ramon Trias Fargas 25-27
Barcelona, 08005
Spain
+34-93 542 24 05 (Phone)
+34-93 542 17 46 (Fax)

John Slof

affiliation not provided to SSRN ( email )

No Address Available

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