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Course 2: Manage your Farm Finances - Analyzing your Statements
Course 2: Manage your Farm Finances - Analyzing your Statements
Course 2: Manage your Farm Finances - Analyzing your Statements

About the Course

"Analyzing Your Statements" is a foundational course that delves into the crucial skill of interpreting and analyzing financial data to strengthen business decision-making. The course begins by expanding your understanding of financial statements, teaching you how to leverage key performance indicators (KPIs) and financial metrics to gain deeper insights into your operation’s financial health.  

You’ll learn how to calculate and interpret these metrics, enabling you to make more informed and strategic business decisions. You’ll then explore the creation and analysis of net worth statements. We’ll guide you through constructing these statements, understanding their components, and using them for comparative trend analysis.  

You’ll also learn the differences between net worth statements and balance sheets and how each can be used to chart your farm’s path toward long-term financial success. By the end of this course, you’ll have a solid foundation in financial analysis, empowering you to better understand and manage your business. 

Course Instructor

Kayla Reykdal
Kayla Reykdal
Mark Verwey
Mark Verwey
Course Progress
Not started
Enroll
Course Outline
  1. Unit 4: Numbers to knowledge: Analzying financial statements
    1. Course 2 Intro
    2. Unit 4 Intro
    3. Unit 4 Overview
  2. Lesson 4.1
    1. Lesson 4.1 Intro
    2. Lesson 4.1: Data to Insights
    3. Course 1 Summary
    4. Spreadsheet Templates
  3. Lesson 4.2
    1. Lesson 4.2 Intro
    2. Lesson 4.2: Profitability Metrics
    3. Lesson Summary
    4. Exercise: Understanding and calculating EBITDA
    5. Lesson Summary
    6. Lesson Summary
    7. Exercise: Understanding and calculating percentage of revenue
    8. Lesson Summary
    9. Exercise: Understanding and calculating gross profit
    10. Ask an accountant
    11. Financial tools covered
    12. Lesson 4.2 Quiz
    13. Put it into practice
    14. Lesson Summary
  4. Lesson 4.3
    1. Lesson 4.3 Intro
    2. Lesson 4.3: Ratios 1
    3. Lesson Summary
    4. Case study: Liquidity ratios
    5. Lesson Summary
    6. Case study: Profitability ratios
    7. Lesson Summary
    8. Lesson 4.3 Quiz
    9. Lesson Summary
  5. Lesson 4.4
    1. Lesson 4.4 Intro
    2. Lesson 4.4: Ratios 2
    3. Lesson Summary
    4. Ask an accountant
    5. Case study: Solvency ratios
    6. Financial tools covered
    7. Lesson 4.4 Quiz
    8. Put it into practice
    9. Lesson Summary
  6. Lesson 4.5
    1. Lesson 4.5 Intro
    2. Lesson 4.5: Trend Analysis
    3. Lesson Summary
    4. Case study: Trend analysis
    5. Exercise: Understanding and calculating trend analysis
    6. Put it into practice
    7. Financial tools covered
    8. Lesson 4.5 Quiz
    9. Lesson Summary
  7. Lesson 4.6
    1. Lesson 4.6 Intro
    2. Lesson 4.6: Cost Analysis
    3. Cost analysis: Unit 3 refresher
    4. Lesson Summary
    5. Case study: Cost analysis
    6. Exercise: Understanding and calculating cost analysis
    7. Put it into practice
    8. Lesson Summary
  8. Unit 4 summary & reflection
    1. Unit 4 Quiz
    2. Lesson Summary
    3. Reflection Questions
    4. Explore Further
  9. Unit 5: Cultivating wealth: Net worth statements
    1. Unit 5 Intro
    2. Unit 5 Overview
  10. Lesson 5.1
    1. Lesson 5.1 Intro
    2. Lesson 5.1: Introducing the net worth statement
    3. Lesson Summary
    4. Exercise: Understanding net worth
    5. Put it into practice
    6. Lesson 5.1 Quiz
    7. Lesson Summary
  11. Lesson 5.2
    1. Lesson 5.2 Intro
    2. Lesson 5.2: Analyzing net worth
    3. Lesson Summary
    4. Ask an accountant
    5. Exercise: Analyzing net worth
    6. Put it into practice
    7. Lesson 5.2 Quiz
    8. Lesson Summary
  12. Lesson 5.3
    1. Lesson 5.3 Intro
    2. Lesson 5.3: Communicating net worth
    3. Lesson Summary
    4. Ask an expert
    5. Lesson Summary
  13. Unit 5 summary & reflection
    1. Unit 5 Wrap up
    2. Unit Summary
    3. Reflection Questions
    4. Explore Further
  14. Course 2 wrap up
    1. What's next
    2. Keep Learning
course
Course 2: Manage your Farm Finances - Analyzing your Statements
Course 2: Manage your Farm Finances - Analyzing your Statements
Course Progress
Not started
Enroll

About the Course

"Analyzing Your Statements" is a foundational course that delves into the crucial skill of interpreting and analyzing financial data to strengthen business decision-making. The course begins by expanding your understanding of financial statements, teaching you how to leverage key performance indicators (KPIs) and financial metrics to gain deeper insights into your operation’s financial health.  

You’ll learn how to calculate and interpret these metrics, enabling you to make more informed and strategic business decisions. You’ll then explore the creation and analysis of net worth statements. We’ll guide you through constructing these statements, understanding their components, and using them for comparative trend analysis.  

You’ll also learn the differences between net worth statements and balance sheets and how each can be used to chart your farm’s path toward long-term financial success. By the end of this course, you’ll have a solid foundation in financial analysis, empowering you to better understand and manage your business. 

Course Outline
  1. Unit 4: Numbers to knowledge: Analzying financial statements
    1. Course 2 Intro
    2. Unit 4 Intro
    3. Unit 4 Overview
  2. Lesson 4.1
    1. Lesson 4.1 Intro
    2. Lesson 4.1: Data to Insights
    3. Course 1 Summary
    4. Spreadsheet Templates
  3. Lesson 4.2
    1. Lesson 4.2 Intro
    2. Lesson 4.2: Profitability Metrics
    3. Lesson Summary
    4. Exercise: Understanding and calculating EBITDA
    5. Lesson Summary
    6. Lesson Summary
    7. Exercise: Understanding and calculating percentage of revenue
    8. Lesson Summary
    9. Exercise: Understanding and calculating gross profit
    10. Ask an accountant
    11. Financial tools covered
    12. Lesson 4.2 Quiz
    13. Put it into practice
    14. Lesson Summary
  4. Lesson 4.3
    1. Lesson 4.3 Intro
    2. Lesson 4.3: Ratios 1
    3. Lesson Summary
    4. Case study: Liquidity ratios
    5. Lesson Summary
    6. Case study: Profitability ratios
    7. Lesson Summary
    8. Lesson 4.3 Quiz
    9. Lesson Summary
  5. Lesson 4.4
    1. Lesson 4.4 Intro
    2. Lesson 4.4: Ratios 2
    3. Lesson Summary
    4. Ask an accountant
    5. Case study: Solvency ratios
    6. Financial tools covered
    7. Lesson 4.4 Quiz
    8. Put it into practice
    9. Lesson Summary
  6. Lesson 4.5
    1. Lesson 4.5 Intro
    2. Lesson 4.5: Trend Analysis
    3. Lesson Summary
    4. Case study: Trend analysis
    5. Exercise: Understanding and calculating trend analysis
    6. Put it into practice
    7. Financial tools covered
    8. Lesson 4.5 Quiz
    9. Lesson Summary
  7. Lesson 4.6
    1. Lesson 4.6 Intro
    2. Lesson 4.6: Cost Analysis
    3. Cost analysis: Unit 3 refresher
    4. Lesson Summary
    5. Case study: Cost analysis
    6. Exercise: Understanding and calculating cost analysis
    7. Put it into practice
    8. Lesson Summary
  8. Unit 4 summary & reflection
    1. Unit 4 Quiz
    2. Lesson Summary
    3. Reflection Questions
    4. Explore Further
  9. Unit 5: Cultivating wealth: Net worth statements
    1. Unit 5 Intro
    2. Unit 5 Overview
  10. Lesson 5.1
    1. Lesson 5.1 Intro
    2. Lesson 5.1: Introducing the net worth statement
    3. Lesson Summary
    4. Exercise: Understanding net worth
    5. Put it into practice
    6. Lesson 5.1 Quiz
    7. Lesson Summary
  11. Lesson 5.2
    1. Lesson 5.2 Intro
    2. Lesson 5.2: Analyzing net worth
    3. Lesson Summary
    4. Ask an accountant
    5. Exercise: Analyzing net worth
    6. Put it into practice
    7. Lesson 5.2 Quiz
    8. Lesson Summary
  12. Lesson 5.3
    1. Lesson 5.3 Intro
    2. Lesson 5.3: Communicating net worth
    3. Lesson Summary
    4. Ask an expert
    5. Lesson Summary
  13. Unit 5 summary & reflection
    1. Unit 5 Wrap up
    2. Unit Summary
    3. Reflection Questions
    4. Explore Further
  14. Course 2 wrap up
    1. What's next
    2. Keep Learning

Course Instructor

Kayla Reykdal
Kayla Reykdal
Mark Verwey
Mark Verwey
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