Financial reporting and its interpretation for management purposes in the agricultural environment
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Authors
Shuttleworth, Christina Cornelia
Issue Date
2009-08-25T10:54:18Z
Type
Dissertation
Language
en
Keywords
Alternative Title
Abstract
This study examines whether financial reporting, in its present state, complies with
the modern farmer's need for efficient financial management. Although decision
making is the ultimate outcome, the emphasis in this study is on the way the
presentation and interpretation of financial reporting assist that outcome.
The following issues are addressed to establish the usefulness of agricultural
financial statements:
(1) the nature and quality of current financial statements in agriculture
(2) the stakeholders in need of financial management information
(3) the methods used to acquire financial information for management purposes
(4) new trends in the presentation of financial statements
The following are some interesting facts emanating from the study:
(1) Farmers must realise that they are principal users of their financial reports.
(2) Financial decision making can only be done if financial statements are
presented timeously, and are accurate and comprehensible.
(3) Farm managers need to keep up with the changing financial and technological
environment in which they operate.
Description
Citation
Shuttleworth, Christina Cornelia (2009) Financial reporting and its interpretation for management purposes in the agricultural environment, University of South Africa, Pretoria, <http://hdl.handle.net/10500/1551>