Course Content
Introduction to agribusiness management
definition, Scope and importance; concept of business management
0/5
Basic concept and definitions of firms, plant, industry and their interrelationships with respect to agricultural production
0/1
Agribusiness environment, management systems, and managerial decisions
0/3
Organization and functions in business management
0/2
Preparation of financial statements and analysis, agribusiness financing
0/5
Leadership and motivation, economic principles involved in capital acquisition
0/4
Cooperatives
Concept, definitions, role, organization, structure, cooperative law and bylaws, developing agriculture cooperatives, cooperative marketing, cooperative farming
0/5
Impact of government policies on agribusiness enterprises
0/2
Learn Agribusiness Management, Marketing and Cooperatives with Rahul
About Lesson

Financial statements

– The term financial statement refers to two basic statements that an accountant prepares at the end of specified period of time for a business enterprise.

 

Balance sheet:

It is defined as the summary statement of assets and liabilities of a business firm together with net worth at a particular point of time.

– It is a statement of the financial position of a firm at a particular point of time.

– It shows the financial condition of the business firm at a given date (a particular point in time).

The balance sheet indicates the sources from which the business obtained capital for its operations and the form in which capital is invested on a specific date.

 

Income statement:

– It is also called a profit-loss statement.

– It shows the firm’s earnings for the period covered, usually half-yearly or yearly.

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