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Analyzing an agribusiness statement of cash flows
Author(s) -
Burckel Daryl,
Watters Michael P.,
Daughtrey Zoel W.
Publication year - 1991
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(199107)7:4<389::aid-agr2720070407>3.0.co;2-v
Subject(s) - agribusiness , cash flow statement , financial statement analysis , statement (logic) , financial statement , accounting , cash , business , task force , income statement , cash flow , task (project management) , financial accounting , financial analysis , agriculture , finance , economics , accounting information system , balance sheet , management , audit , political science , ecology , public administration , law , biology
Recently, the Farm Financial Standards Task Force (FFSTF) released its recommendations regarding preferable external financial reporting practices for agricultural entities. The FFSTF recommended that farm financial statements should basically follow the format of financial statements prepared in accordance with generally accepted accounting principles. Specifically, with respect to the preparation of a statement of cash flows, the FFSTF recommended that the framework established by Statement of Financial Accounting Standard (SFAS) NO. 95 should be adhered to by agricultural entities. This article explains and discusses the requirements of SFAS No. 95 as it pertains to agricultural entities and provides a framework for analyzing a typical agribusiness SCF.