ACC-2258 Farm Accounting

This course will build on the competencies gained in ACC170 (Financial Accounting I) to provide background specific to the operation of farms and ranches. Topics include the cash basis of accounting and its application to income tax purposes and the accrual basis of accounting and its application to the preparation of financial statements for creditors and managerial purposes. The course includes a project which covers the preparation of accounting records and financial statements for a simulated farming operation.

Equivalencies: ACC-258.