“When should a lease be recorded on the balance sheet?” “If a lease is included on the balance sheet, how do you determine the asset value and loan balance?” These are frequent questions as the use of leases for machinery,...
The purpose of Earned Net Worth Analysis is to back out Change in Market Valuation from total market value net worth change to arrive at the amount of net worth change resulting from earnings. The FINPACK approach is to estimate economic depreciation on each asset...
The FINPACK Team wants to draw your attention to an excellent educational opportunity this summer – the 2021 National School for Experienced Ag Bankers. The Center for Farm Financial Management has had a long relationship with this school. Our staff serve as...
Tax preparers are not consistent in reporting repayment of CCC loans that have previously been reported as income for tax purposes. FINPACK tries to adjust for these inconsistencies but adjustments are not always possible. While these problems cause cash...
FINPACK uses IRS Schedule F data in two analysis tools – the Schedule F type Tax Form and the Schedule F Cash to Accrual tool. Several items on the Schedule F tax form have both total and taxable entries. Because of this, questions arise about which Schedule F...