A Different Type of Record System for the Rancher and Veterinarian

Abstract

Historically, agriculture has assembled financial/accounting information for taxes, credit and management (profitability). The need for tax based information has always been the driver, and management information is quite often missing altogether. This can lead to poor decisions by management.

Managerial accounting gives management the tools needed to manage a business in today's complex world. It allows management to manage cost where and when it occurs, and to manage the segments of the business that are manageable.

The Balanced Score Card is a set of measures that provides a fast, comprehensive picture of how an organization is creating and sustaining value--in the eyes of its customers, stakeholders and employees.