Understanding Statement of Owner Equity, Farm Financial Model Series

Описание: This is one in a series to introduce you to the farm business financial management model. This video provides information on understanding your farm’s statement of owner equity. The statement of owner equity reconciles the change in equity from the beginning balance sheet to the ending balance sheet for your farm business. The primary motivation for the statement is to identify the amount and source of changes in equity.

To view the article and spreadsheet tool for this video, please visit https://farms.extension.wisc.edu/arti....

To understand the farm business’ records, one needs to understand the purpose records serve to and for the farm manager. The model begins with records which details collecting and organizing of the farm business’ production information and financial information. Records provide the production and financial information necessary to complete the management reports. The financial model is linear and circular. Reports make sense of the records, allowing farmers to integrate financial sense into production decisions. This material was developed by University of Wisconsin - Madison Division of Extension educators and specialists. The material is supported through funding from USDA/NIFA.
For more information on the farm business financial management model, you can visit the Extension Farm Management website at https://farms.extension.wisc.edu/arti....
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