Please note that these courses will not be recorded due to member interaction.
"An excellent course which I would highly recommend. The speakers knowledge of farming was excellent, and the course content was all very relevant to my job""Very knowledgable speaker. Really fascinating course""Interesting course and knowledgeable speaker""I found the event very informative and have learnt a lot during the two days ... The delivery was clear and at a pace where I was able to make notes and maintain my interest""David was very informative and the course ran smoothly""A good introduction to the Basics of Agriculture for accountancy and taxation purposes""Very detailed on farming terminology on the first session which was useful"
Aimed primarily at students, the basic course provides an introduction to the agricultural industry in the UK, basic agricultural economics and the steps to be taken when preparing and interpreting accounts for a farming business. It will include basic areas including farm types, crops and livestock and specific analytical review tools commonly used in the industry. It will also cover the amount and timing of the major agricultural subsidies, how these are reflected in the accounts and how they will change over the next few years. The preparation of tax computations for both incorporated and unincorporated farming businesses will also be included, along with basic problem areas from a tax perspective.
There will be a number of case studies and practical worked examples to develop an understanding of the subject. This course is aimed at those in the early stages of training and who are likely to be working on farm accounts, as well those who are more experienced or qualified, but have little experience in this specialist area.
This course builds on the matters covered in the basic course, updating for specific and more recent developments in the sector and current market conditions. It will examine changes introduced by the 2020 Agriculture Act and the implications for the industry, the application of FRS 102/105, with regard to both normal and COVID-19 subsidies, the taxation measures announced in recent budgets and their application to agricultural businesses, planning for both capital and income taxes and the more detailed treatment of areas currently coming under detailed scrutiny for tax purposes.
Case studies and worked examples will include more complex tax issues, agricultural cashflow forecasting and the interaction of tax planning with practical factors and human nature! The advanced course is aimed at those who are nearly or newly qualified or those who have been away from the sector and require a refresher and update on recent developments.
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The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
David Missen, MHA MacIntyre HudsonDavid is a former partner in, Larking Gowen and a consultant to both Larking Gowen and MHA. Based in East Anglia, specialising in agriculture and associated private client work, David has an in-depth understanding of the issues affecting businesses and individuals in the farming industry. He is a founder member, past chairman and current "subject matter expert" of the ICAEW Farming and Rural Business Community group and is the editor of Farming & Rural Business Community News. He is also co-author of "Agriculture: an industry accounting and auditing guide." Since stepping down from a full time accountancy role he continues writing and lecturing on agricultural matters, and is actively involved in his own arable and solar farm.
This event is run by the ICAEW Farming & Rural Business Community. Find out more about the benefits of joining the community here.
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