Agribusiness Unit 3: Agribusiness Finances

This unit is designed for 18* 45-minute lectures with the following outcomes:

• The student can define equity, assets, liabilities, debits, credits, revenue, and expenses.

• The student will understand the differences between cash and accrual accounting as well as the pros and cons of both.

• The student will be aware of double-entry accounting and how it is used in financial management.

• The student will apply and implement accounting system knowledge to make recommendations for businesses.

• The student will investigate options for tracking business transactions and weigh pros and cons of each.

• The student will create a balance sheet from basic financial information.

• The student will develop an income statement from basic financial information.

• The student will learn financial analysis equations for measuring liquidity, solvency, and profitability.

• The student gains experience reading and analyzing income statements and balance sheets.

• The student solves real-world equations and discover applications of financial equations.

• The student will prepare a cash flow statement and understand its contents.

• The student will understand the importance of inventory reports and use them to calculate business profit.

• The student will work with a team to make business decisions and process financial statements.

• The student will gain a basic understanding of taxes.

This download link includes:

• Unit outline

• Daily bellringers

• Powerpoint lectures + teacher notes for what to say on each slide

• Worksheets (with keys)

• Handouts

• Exam review

• Exam (and key)

*If students are not comfortable with income statements and balance sheets, there is an additional practice day written and available for you to use (making this a 19-day unit).

Curriculum is designed to meet the national standards for the agribusiness systems career pathway and specifically focuses on standards ABS.02.01 and ABS.02.02 and their sample measurement strands.