Accounting 10, 20, 30
Course Configurations
ACCT34A
Module 34A: Agricultural Accounting: Impact of Records (Optional)
Outcome
Assess the impact of accurate record keeping in the agricultural industry.
Indicators
| (a) | Explain why farm records are required. |
| (b) | Investigate the potential consequences of inaccurate bookkeeping. |
| (c) | Investigate forms of record keeping that address specific needs of the agriculture industry. |
| (d) | Generate a list of who (e.g., insurance agencies, Canadian Wheat Board, Canada Customs and Revenue Agency, financial institutions) would need to access farm records and discuss the purpose (e.g., financing, tax returns, farm programs, crop insurance) for granting access. |
| (e) | Discuss the role that insurance agencies play in protecting various farm investments (e.g., crop, stock). |
| (f) | Investigate agencies/organizations (e.g., Saskatchewan Economic Development Corporation, Farm Credit Canada, Farm Syndicates Credit Act) and the available financial supports for agriculture credit and why accurate farm records are needed. |
| (g) | Examine programs available through agencies/organizations such as Agriculture and Agri-Food Canada that support specific groups (e.g., farm with lower net worth, First Nations, corporations) working in the agriculture industry in Saskatchewan. |
| (h) | Examine how farm records are used to make decisions regarding operation (e.g., what to grow and when, diversification) and financial management (e.g., capital asset replacement, tax laws, estate planning tools, government programs, loan application) decisions. |
| (i) | Compose a set of guidelines for ethical and fair accounting decisions in an agricultural application. |
| (j) | Examine the inquiry questions: Why keep records? Who should have access to records? |
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R009355
Financial Accounting(Seventh Canadian Edition)
This resource consists of 10 chapters which contain a variety of information, assignments, activities, projects, ethical questions and business analyses that may be more suitable for accounting students. There are may project ideas located in the Stop + Think, Cooking the Books, and Spotlight on Businesses sections. There is an online component to this resource that offers tutorials, homework and assessment program.
Media and Formats :
Book
Price :
$189.99
Record posted/updated:
March 16, 2022