Understanding the Farm Income Statement-Part 1
The income statement is a report of the farm business’ financial performance during a given time frame. In the Financial Management Factsheet Understanding the Farm Income Statement-Part 1, UW-Extension Taylor County Agriculture Educator Sandy Stuttgen discusses what is the concept and structure of the income statement.
Understanding the Farm Income Statement-Part 1 is one factsheet in the Financial Management Factsheet series designed to help individuals understand the basic principles of financial record keeping. Additional factsheets in the series include:
- Understanding The Farm Financial Model
- Understanding the Farm Business Balance Sheet, Part 1 and Part 2
- Understanding the Farm Income Statement, Part 1 and Part 2
- Understanding Profitability Using the Farm Business Balance Sheet and Income Statement