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Reviewing Financial Position of Business

This PowerPoint presentation provides a comprehensive review of the financial position of small and mid-scale farmers, including financial statements, cash flow, profitability, and financial ratios.

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Reviewing Financial Position of Business

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  1. 16 Lesson Plans to Prepare Small and Mid-scale Farmers to Enter Food Hubs, Groceries, Restaurants andCooperatives

  2. Unit 3.1Reviewing Financial Position of BusinessThis powerpoint presentation is a companion resource to the ‘Baskets to Pallets Teaching Manual’ available at smallfarms.cornell.eduPlease see ‘Module 3 – Business Management’ for additional teaching resources. test

  3. Financial Statements • Repayment • Liquidity Cash Flow Income Statement • Profitability Balance Sheet • Liquidity • Solvency

  4. Cash flow statement • Cash income • Cash expenses Balance sheet • Assets • Liabilities • Net worth (owner equity) Financial Statements Income statement • Cash income • Cash expenses • Changes in assets • Changes in liabilities • Net farm income, accrual adjusted (profit) Source: DamonaDoye, Oklahoma State University

  5. Financial Ratios • Help to assess • profitability • debt capacity • financial risk  • Ratios developed for each financial measure Picture source: http://bit.ly/1QOZ37o

  6. What is Needed? • Asset and liability values • Scheduled principal and interest payments • Gross farm revenue • Net farm income • Interest expense • Depreciation expense • Nonfarm income, family living expenses, and income tax payments • Unpaid labor • Value of Labor and Management https://www.google.com/imgres?imgurl=https://upload.wikimedia.org/wikipedia/commons/b/b3/Basic_DIY_Tools.jpg&imgrefurl=https://ja.wikipedia.org/wiki/DIY&h=300&w=400&tbnid=aQAUqfMVrHgjxM:&docid=e0fg4LSmv96R3M&ei=Bk--VsnpO8vW-QHypbKIBQ&tbm=isch&ved=0ahUKEwjJhPGKlvPKAhVLaz4KHfKSDFEQMwhSKCcwJw

  7. Help S & S Farm • Is a vegetable farm • Have shared • Schedule F • Beginning and Ending Asset Values • Total Assets • Total Liabilities • Machinery Values • Farm Interest Payments for 2015 • Value of Labor and Management

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