Articles
A UNIFORM INCOME STATEMENT FOR HORTICULTURAL BUSINESSES
Article number
429_9
Pages
81 – 88
Language
Abstract
One of the main problems in the nursery industry is the lack of financial uniformity in its reporting.
There is inconsistent and occasionally inaccurate financial data presented by nursery firms and by the institutions that use their data.
Consequently, it is often impossible to compare one firm with another and difficult to compare an individual firm’s financial progress over time as it changes its financial methodology.
Sometimes the financial words used in nursery business analysis are incorrect.
For example, reporting net income as a pre-tax benchmark, when net income is an after tax number.
This paper attempts to provide some consistent and logical uniformity in producing an income statement.
There is inconsistent and occasionally inaccurate financial data presented by nursery firms and by the institutions that use their data.
Consequently, it is often impossible to compare one firm with another and difficult to compare an individual firm’s financial progress over time as it changes its financial methodology.
Sometimes the financial words used in nursery business analysis are incorrect.
For example, reporting net income as a pre-tax benchmark, when net income is an after tax number.
This paper attempts to provide some consistent and logical uniformity in producing an income statement.
Authors
P.J. van Blokland, A.W. Hodges, J.J Haydu
Keywords
Financial analysis, Income statement, Benchmarks, Horticultural firms, Uniform reporting
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