By Buys, Pieter In the current accounting world, financial accounting priorities (IFRS and the alignment with US GMP and BASEL) are dominating business measurement and management. Often perhaps to the detriment of good management accounting practices.

WALES' most efficient lamb farmers are remaining profitable despite rising feed, forage and energy costs, according to a new survey. Red meat promotion agency Hybu Cig Cymru said general inflation affected all sheep producers over the last 12 months.