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The new edition of Accounting for Farms is a highly practical and comprehensive guide to every aspect of preparing and maintaining agricultural accounts. With detailed coverage of farming enterprises and valuations, farm accounts, accounting standards, audits and common taxation issues, Accounting for Farms is essential reading for accountants and farm managers alike. This invaluable book is fully up-to-date with all major changes to the farming industry over the past two years, including a section devoted to the international standard IAS 41 and its potential effects on the agricultural balance sheet. This single-source guide will help you to understand and deal with all tax issues specific to agriculture, highlighting current key issues and providing useful background information on the sector.