Financial Management: Cash vs. Accrual Accounting
Texas A&M University
This publication explains the differences between cash and accrual accounting, and suggests how farmers and ranchers can get the best of both accounting systems. There are sample income statements and a table to illustrate the adjustment of cash basis records to approximate accrual basis records.

Farm and Ranch Financial Management: Cash vs. Accrual Accounting
Texas A&M University
Most agricultural producers use cash accounting, although accural accounting systems are best for measuring business performance. This 8-page publication explains how producers can adjust cash basis income to accrual income to achieve the best of both systems. Sample balance sheets and income statements are included.