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Farm in this instance means an independent company that specializes in a particular service. A statistical service would be an example. When your firm is highly specialized, it often pays to have a particular segment of work done by a separate firm.
Such services as cleaning services, temp secretarial services, advertising marketing, and supply accounts can all be "farmed out" by a company whose main focus is something other than the ancillary services mentioned. It is more cost efficient to hire a service than to maintain a large staff.
What else can I help you with?
What does finca mean?
farm
What doese FCA mean?
FCA can be Full Cost Accounting, which is a method of accounting or False Claims Act (US federal law).
What does take a default mean?
Sports- lose by not playing Accounting term- behind on payments on a loan
What does nature of business mean in accounting?
business are classified into two natures individual business & collective business
What is accounting module?
An accounting module refers to a set of standardized parts of accounting that are used in teaching the accounting students. The accounting modules are usually broken down into a number of subjects to enable the learners to easily understand certain accounting concepts.
What is the feature of farms?
Characteristcs of farm accounting
What is a corporate farm?
It is farm that has had the "corporate" business label added to it due to legal and accounting benefits that the owners wish to take advantage of. It doesn't mean that it's a large operation nor that it is not family-owned; around 98% of all such farms are family-owned and operated.
What does it mean to manage the accounting system?
To manage an accounting system. The system that manages the accounting. Accounting is: The action or process of keeping financial accounts
What you mean by corporate accounting?
in corporate accounting we maintain the accounts of joint stock companies
What does contribution mean in management accounting?
are
What has the author John Andrew Bexell written?
John Andrew. Bexell has written: 'Farm accounting and business methods'
What does the abbreviation cr mean in accounting?
CRedit
What does BA mean after a name?
Bachlers in accounting.
What does false accounting mean?
untruthful records
What is the accounting equation and when is it balanced?
There is a lot of accounting equations, but i assume you mean Assets=Liabilities+stockholders' Equity.
What do you mean by deferred taxes?
A deffered tax is is used in accounting to reduce a periods income tax.Ê It can arise dueÊto a net loss which can only then be recorded as an assest if the asssest will be used in teh future.
What do you mean by non-farm sectors?
employment on non farm activity
