The cornerstone financial statements include the Balance Sheet, the Income Statement and the Cash Flow Statement. These statements are common fare in a farm manager's files and are a key source of management information for your farm. Not only do they complement your enterprise costing information, but they also assist in Financial Planning and Risk Management Decisions including: Solvency, Profitability and Liquidity. Before financial analysis occurs, it is important to understand how these statements fit together.
(Duration: 3:50 minutes)
Created By: Government of Alberta, Alberta Agriculture and Rural Development
More Alberta Agriculture and Rural Development Videos