Title: Analyze financial information and reports to monitor business performance and support decision making.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Managing Financial Records and Reports

Analysis should

- consider data collected and efficiency factors
  - income statements
  - balance sheets
  - cashflow statements
  - inventory reports
  - break-even analysis
  - return-on-investment (ROI)
  - taxes
    - income
    - property
    - sales
    - employment
    - estate
  - observe efficiency factors attained, P&L statements, partial budgets, and other financial assessments
  - evaluate efficiency, profitability, net worth, and financial ratios.

Process/Skill Questions:

- Why is it important to summarize records at the end of the year?
- What are some examples of ways to keep records of an agricultural business?
- How might these forms be helpful in applying for loans or expanding one’s operation?
- How can year-end reports be used to improve a business? How can a record summary be used to apply for FFA awards?