Skip Navigation Links
CAREER PATHS
COURSES OF STUDYExpand COURSES OF STUDY
INSTRUCTORS
HOME
| C O U R S E S |  M A R K - T O - M A R K E T  G R A I N  A C C O U N T I N G
100% online with Live Event  |  Available 24/7 | Self-Paced | 4 Modules - estimated completion <6 weeks


A specialty course that concentrates on proper accounting procedures as they pertain to a basis trading operation, with special emphasis on mark-to-market valuations of cash grain and futures contracts. Designed to give students a greater depth of knowledge in the way basis trading activities flow through the financial statement - from both the merchandising perspective and the accounting perspective - so that the methods of accounting that are most appropriate and suitable for the business can be decided and implemented -
  • Define and put in place a monthly routine that produces accurate and timely financial statements.
  • Understand the different ways mark-to-market valuations on cash grain positions can be made and the effect each has on the financial statement.
  • Make and record accurate valuations of Inventory, Purchase & Sales Contracts, and Open Futures Positions in compliance with GAAP.
  • Understand the impact changes in basis, spreads and price have on the Income Statement.
  • Know what to look for when the numbers don't make sense.
With the purpose of using the financial statements to effectively report, manage and strengthen the financial health of the business -
  • Present the company's financials clearly and confidently to the lender, board member and other interested parties.
  • Know what the lender looks for on your financial statements.
  • Understand key financial ratios, what they tell about your business and what it will take to improve your numbers.
Build common ground and understanding between the merchandiser, controller, bookkeeper, auditor, accountant and lender about how basis trading activity is reflected in the company's financial records.

 

View Course Syllabus

 


This course features a 1½ day Live Event for all enrolled.
There is no additional cost to attend besides travel expenses.  

Mark-to-Market Live Event
Wed., August 22 & Thurs., August 23
Kansas City, MO


I can’t stress enough how important it is to have good financial statements and to be doing your financial statements on a monthly basis with proper Mark-to-Market entries. You don’t want somebody to pull the rug out from underneath you because of poor accounting practices. There is a lot of opportunity to make good money in the grain business but you have to have the right controls and risk management in place.

John Gorman, CPA, CFE, Partner (Ret.)
CliftonLarsonAllen LLP
Princeton, IL
 



Participant Registration

Elevators utilizing White Commercial's Futures Brokerage Services (Participants) register through the special Participant website. 
If you do not have access, please call Cindy at 888.546.9555 for details.
  Our mission is to enhance the well-being and success of agricultural businesses
through world class education and management consulting.

© 2016 White Commercial Corporation
 
WHITE COMMERCIAL
About
Education
Products
CONNECT
Blog
Facebook
Twitter
LinkedIn