The Place of Farm Accounting in Research

Pond, George A.

doi:10.2307/1230376

Cited by 3 publications

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“…The production of extra management accounting reports or their increased frequency, however do come at a cost. While not specifically related to management accounting reports, debates in the farming community about the cost and benefits of preparing financial information date back to the early 1930s, when Pond (1931) noted that the costs associated with preparing and auditing financial information for farms were often unfeasible (see also Argilés and Slof, 2003;Sian and Roberts, 2009). Nine of the thirteen accountants in the study reported that cost remains the key reason as to why management accounting reports are not as widely produced, or why a more efficient information system is not used.…”

Section: )mentioning

confidence: 99%

Increasing the usefulness of farm financial information and management

Halabi

Carroll

2015

Qualitative Research in Organizations and Management: An International Journal

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Purpose – The purpose of this paper is to examine how farm management and farm accounting may be improved from the accountant’s perspective. Design/methodology/approach – There has been a dearth of qualitative studies examining accountant’s attitudes to financial reports. This study therefore interviews 13 rural accountants regarding their opinions on the usefulness of financial information they provide to farmers, and what types of financial information could aid farm management. Findings – Accountants generally agree that the present financial reports provided to farmers are of little decision-making value, since they are made for the purposes of compliance. In response, the accountants suggest a number of management accounting reports can better aid farmers. Practical implications – Accountants are important to the success of farms, yet in-depth responses have not previously been sought on the reports that accountants produce for farmers. This research provides accountants’ opinions on how reports could be more useful for farmers and how more focused management accounting reports can assist decision-making. Originality/value – The qualitative approach used in this research provides a fresh and richer perspective on the usefulness of accounting to farm management. Interviewing the adviser rather than the business owner is relatively uncommon in agricultural organisations. The interviews have allowed the thoughts and concerns of accountants to come to light in a manner not previously achieved in organisational studies which relate farming and accounting.

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confidence: 99%