Title: Identify financial management tools used in an agricultural business.
Course: Foundations of Agriculture, Food, and Natural Resources (18001-I) > Section: Demonstrating Skills in Agribusiness

Identification should include

- cash flow statement
- balance sheet
  - assets
  - liabilities
  - ownership equity
- income statement
  - revenue
  - expenses
  - profits/losses.

Process/Skill Questions:

- Why is it important to have a business plan?
- Why is it important to analyze one’s return on investment?
- How are financial statements used to make business decisions?
- What is the purpose of a balance sheet? Income statement? Cash flow statement?