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Handbook on Maintenance of Accounts & Preparation of Financial Statements for Farmer Producer Organisations

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In order to assess the performance of FPOs and to know the benefits received by each farmer member of the FPO, the system of maintaining proper record of accounts by FPOs needs to be established. This handbook covers both maintenance of financial and non-financial records by FPOs, besides providing guidance on stages involved in formation of FPO and good governance practice. It also contains a detailed case exercise on maintenance of books of accounts and preparation of financial statements of FPOs. While financial record will be useful to assess financial performance and know the position of assets and liabilities accurately, non- financial record would enable to adopt good governance practices by FPOs and to know the progressive rise in the income level of farmers