This book is a practical guide to all aspects of financial management in the smaller business. Although the prime focus is on owners and managers of farm businesses and farm diversifications, it is equally valuable for other types of rural business and organisation. It has proved popular on degree and diploma courses in Rural Resource Management, Countryside Management and Rural Estate Management, as well as those concerned with Agriculture. In this fourth edition, increased emphasis has been given to general accounting principles and techniques, especially those of management accounting, cost-volume-profit and break-even analysis and pricing. While maintaining and strengthening the farm business focus, the new edition also better accommodates the needs of non-agricultural enterprises, including service and manufacturing businesses and non-profit organisations such as Wildlife Trusts.