The agro-food sector represents over 22% of our country’s industrial GDP. At the same time, it has a number of traits that differentiate it from all other industries, therefore requiring specific advising:
- The meat products industry follows a production process that is the opposite of assembly: the end product is obtained based on parts taken from a single animal. This entails a specific problem that affects the financial reporting systems: the allocation of costs to different elements, margin calculation, valuation of inventories, etc.
- In turn, the management profile in the agricultural sector has traditionally been focused on production and has been less concerned about financial and tax matters, such as the control and analysis of profitability by product, the depreciation of certain production elements, the tax planning of inheritance or the choice of a tax system. This has entailed a lack of clarity in accounting records, together with a lack of analytical support, which are essential for making business decisions.
Over the years, our team of experts has identified the specific problems of this sector, for which it has designed individualized solutions that are adapted to every business circumstance.