Title: Prepare financial reports to describe the performance of an AFNR business.
Course: Agricultural Business Fundamentals I (18201-I) > Section: Managing Financial Records and Reports

Preparation should include describing

- efficiency
- profitability
- net worth
- financial ratios
- working-capital ratio
- leverage.

Process/Skill Questions:

- When should a checking account be balanced?
- When should withdrawals from an ATM be recorded?
- What are consequences of failure to balance a checking account?
- What should one do if their balance and the bank’s balance do not match?
- What happens if an account becomes overdrawn?
- When should interest be recorded?
- What are the benefits of using an interest-building account? What are the risks?