Agriculture & Farming Chart of Accounts (COA) Mastery

What Will You Learn?

• Design and evaluate a GAAP-compliant agriculture COA
• Correctly capitalize pre-harvest crop production costs
• Classify growing crops, harvested crops, and inventory appropriately
• Distinguish breeding livestock from livestock held for sale
• Properly account for land, farm equipment, and improvements
• Apply seasonal accruals and cut-off discipline in farming operations
• Correctly recognize government subsidies, grants, and insurance proceeds
• Identify and avoid common agriculture audit and lender findings