Getting started with farm finance
Getting started with farm finance
Getting started with farm finance
Understanding key accounting terms and farm finances is a crucial skill for effective business management.
Aims
By the end of this module, you’ll be able to assess current business performance and make better-informed business decisions by understanding:
- The terminology used by an accountant and other industry professionals
- The components of the profit and loss trading account
- The components of the balance sheet
- How the production of accurate figures and business gross margins are essential for future business planning
Overview
By giving you an understanding of the common terms and tools used in farm finances, this Learning Path allows you to make informed decisions about investments, expenses, and resource allocation, ensuring the financial health of your operations.
What will I achieve?
2 CPD points
How long will it take?
1 hour
Get to grips with common terms used in farm finances and the structure of a profit and loss account.
Thanks to our partner organisations
Our Essential Skills learning has been made in collaboration with:
