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Balance Sheet Presentation
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səhifə | 1/2 | tarix | 29.11.2023 | ölçüsü | 10,89 Kb. | | #139216 |
| Farm Financial Management (1) Balance Sheet Definition and Purpose - Systematic organization of everything “owned” and “owed” by a business or individual at a given point in time
- Features:
- Provides a SNAPSHOT of the business
- Fundamental to sound management decision making
- Measurement of financial success
- Communicates financial position to creditors
Balance Sheet Key Measures - Total Assets:
- Total Liabilities:
- The value of total debt obligations
- Owner’s Equity or Net Worth:
- The value of the owner’s investment as determined by subtracting total liabilities from total assets
Assets − Liabilities = Net Worth (Equity) - Current Assets
- Cash
- Accounts Receivable
- Fertilizer and Supplies
- Investment in Growing Crops
- Crops Held for Sale
- Market Livestock
Completing a Balance Sheet - Noncurrent Assets:
- Breeding Livestock
- Machinery and Equipment
- Buildings
- Investments in Cooperatives
- Land
Completing a Balance Sheet - Current Liabilities:
- Accounts Payable/Accrued Expenses
- Taxes Payable (Income and Social Security)
- Current Portion: Deferred Taxes
- Current Loans Due within One Year
- Current Portion of Term Debt
- Accrued Interest
Completing a Balance Sheet - Noncurrent Liabilities:
- Noncurrent Portion: Deferred Taxes
- Noncurrent Portion: Notes Payable
- Noncurrent Portion: Real Estate Debt
Balance Sheet Example
LIABILITIES AND NET WORTH:
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