Title: Summarize financial information and reports to monitor business performance and support decision making.
Course: Agricultural Business Operations II (18201-36) > Section: Managing Financial Records and Reports

Summary should

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

Process/Skill Questions:

- What types of decisions might be made based on SAE records?
- What are some examples of other records that SAE would keep?
- How can accurate records prevent one from making rash financial decisions?
- How can SAE records help improve recordkeeping in the future?
- When should one evaluate SAE records?
- What are some examples of efficiency factors that would affect the records?
- What financial assessments should be observed when conducting a record analysis?
- What are depreciable assets? How is depreciation calculated?
- What is net worth? How is net worth calculated?
- What information is needed before net worth can be determined?
- What is a P&L statement?
- What should be included in a P&L statement?