Table of contents for Introduction to agricultural accounting / Barbara M. Wheeling.

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TABLE OF CONTENTS
PREFACE
ACKNOWLEDGEMENTS
CHAPTER 1 FARM FINANCIAL STATEMENTS
	Key Terms
	Overview of Agricultural Accounting
	Farm Financial Activities and Financial Statements
	Income Statement
	Statement of Owner Equity
	Balance Sheet
	Statement of Cash Flows
	Chapter Summary
	Bibliography
	Problems
CHAPTER 2 ACCOUNTS
	Key Terms
	The Chart of Accounts
	Definitions of Accounts
		Assets 
		Liabilities
		Equity 
		Revenues 
		Expenses 
	Recording Transactions
		Transactions Analysis 
			Step 1: Transaction occurs 
			Step 2: Determine which accounts are affected 
			Step 3: Determine if the account balance increased or decreased 
		Recording Transactions
			Two sides to every account 
			Two sides to every transaction 
			Types of accounts 
			Journal entries
		Trial Balance
	Chapter Summary
	Bibliography
	Problems
CHAPTER 3 JOURNAL ENTRIES
	Key Terms
	Financing Activities
		Investments by the owners 
		Non-farm income and owner withdrawals 
		Gifts and Inheritances 
		Loans 
		Loan Payments
	Investing Activities
		Purchases of assets 
		Sales and exchanges of assets 
		Leasing assets 
		Investments in perennial crops 
	Operating Activities
		Sales of farm products 
		Sales of culled breeding livestock 
		Cash received from insurance companies 
		Sale of raised feedstuffs 
		Purchases of market livestock, poultry, and crops 
		Purchase of feedstuffs 
		Cash purchases of supplies 
		Annual costs for perennial crops 
		Payments for parts and services 
		Wages for employees 
		Taxes 
	Posting to the Ledger
	Chapter Summary
	Problems
CHAPTER 4 END OF YEAR ACCOUNTING PROCEDURES
	Key Terms
	Accrual Adjusted Farm Financial Statements
	Adjustments
		Inventories
			Purchase of feedstuffs for use in the operation 
			Purchased feed for resale 
			Purchased crop for resale 
			Raised feedstuffs for use in the operation 
			Raised feed for sale 
			Raised crops for sale 
			Purchased market livestock for resale 
			Raised market livestock for sale 
		Prepaid expenses
			Prepaid Insurance 
			Cash Investment in Growing Crops 
			Depreciation expense 
		Accrued expenses
			Accrued interest 
			Unpaid bills 
			Unpaid taxes 
		Accrued revenues 
			Accounts Receivable 
			Change in value of raised breeding livestock due to age progression 
			Changes in base values of raised breeding livestock 
		Income Taxes
			Income tax expense 
			Current deferred taxes 
			Non-current deferred taxes, first component 
	Posting
	Trial Balance
	Chapter Summary
	Problems
CHAPTER 5 FINANCIAL STATEMENT PREPARATION AND CLOSING ENTRIES
	Key Terms 
	Preparing Financial Statements
		Income Statement 
		Statement of Owner Equity 
		Balance Sheet 
		Statement of Cash Flows 
	Adjustments to Cash-basis Financial Statements
	Market-Based Financial Statements
		Purchased inventory 
		Raised inventory 
		Long-term assets 
		Non-current deferred taxes 
	Closing Entries
	Adjustments for Subsequent Years
		Inventories 
		Prepaid expenses 
		Accrued expenses 
		Accrued revenues 
		Income taxes and deferred taxes 
	Chapter Summary
	Problems
CHAPTER 6 REVENUE AND EXPENSE MEASUREMENTS
	Key Terms
	Revenue Recognition
	Government Loans
	Gains and Losses
		Sale of farm assets other than inventory 
		Trading in an old asset 
	Depreciation Expense
		Partial Periods 
		Revised estimates 
	Interest Expense
	Net Farm Income
	Extraordinary Items
	Chapter Summary
	Problems
CHAPTER 7 ASSET VALUATION, PART 1-CURRENT ASSETS
	Key Terms
	Valuation Methods
	Cash
	Accounts Receivable
	Inventory
		Inventories Raised for Sale 
		Inventories Raised for Use 
		Inventories Purchased for Resale 
		Inventories Purchased for Use 
	Prepaid Expenses
	Chapter Summary
	Problems
CHAPTER 8 ASSET VALUATION, PART 2-NON-CURRENT ASSETS
	Key Terms
	Cash Investment in Growing Crops and Perennial Crops
	Raised Breeding Livestock
		Base Values 
		Animal Groupings 
		Individual versus Group Approach 
		Changes in Quantity and Changes in Base Values 
		Single versus Multiple Transfer Points 
		Shortcut Alternative Version for Animals Sold or Died 
	Purchased Breeding Livestock, Machinery and Equipment, Land, Buildings and 	Improvements
	Disposing of Long-term Assets
	Investments
		Investments in Farm Cooperatives 
		Investments in Entities other than Farm Cooperatives 
		Life Insurance Policies 
		Retirement Accounts 
	Leased Assets
	Disclosure Notes
	Chapter Summary
	Problems
CHAPTER 9 VALUATION OF LIABILITIES AND EQUITY
	Key Terms
	Accounts Payable, Taxes Payable, Interest Payable, and Notes Payable
	Current Deferred Taxes
	Non-current Deferred Taxes
		First Component of Non-current Deferred Taxes
		Second Component of Non-current Deferred Taxes
	Capital Leases
	Owner Withdrawals, Other Distributions, Non-farm Income
	Valuation Equity
	Disclosure Notes
	Chapter Summary
	Problems
CHAPTER 10 ANALYZING FINANCIAL POSITION AND FINANCIAL PERFORMANCE
	Key Terms
	Comparative Financial Statements
	Financial Ratios
	Liquidity Ratios
		Current Ratio 
		Working Capital 
	Solvency Ratios
		Debt to Assets Ratio 
		Equity to Assets Ratio 
		Debt to Equity Ratio 
	Repayment Capacity Ratios
		Term Debt and Capital Lease Coverage Ratio 
		Capital Replacement and Term Debt Repayment Margin 
	Profitability Ratios
		Rate of Return on Farm Assets 
		Rate of Return on Farm Equity 
		Operating Profit Margin Ratio 
		Accrual Adjusted Net Farm Income 
	Financial Efficiency Ratios
		Asset Turnover Ratio 
		DuPont Analysis System
		Operational Ratios 
	Chapter Summary
	Bibliography
	Problems
APPENDICES
	Appendix A
	Appendix B
		Combined Financial Statements
	Appendix C
		A Numbering System for a Chart of Accounts
	Appendix D
	Appendix E
	Appendix F
	Appendix G
	Appendix H
	Appendix I
		Long version of valuing raised breeding livestock when animals are sold or have 			died
	Appendix J
		Partial periods for accelerated depreciation methods
	Appendix K
		Reporting Income Taxes and Deferred Taxes
GLOSSARY

Library of Congress Subject Headings for this publication:

Agriculture -- Accounting.