GFM Network News


New accounting standards for farms proposed

Canada’s accounting standards organization wants to 
make farm accounting simpler and more predictable

Reading Time: 2 minutes Canada’s professional standards body for accountants is developing new accounting standards for Canadian farms. A standardized approach will make understanding farm accounts simpler and business more straightforward, the Financial Reporting & Assurance Standards Canada says. Currently there’s a hodgepodge of ways to do farm accounts, mainly due to the unique nature of these businesses, said […] Read more