Reading your farm accounts
Read your profit and loss and balance sheet with confidence, see why depreciation isn't cash, and work out EBIT, EBITDA and equity.
Who it's for: Pig, cattle and sheep farmers who get a set of accounts from their accountant each year and want to understand what it says.
Lessons
By the end you'll be able to
- Read a profit and loss and know what each part means
- Read a balance sheet and work out your equity
- Explain why depreciation is a cost but not a cash payment
- Work out EBIT, EBITDA and interest cover from your own accounts
Each lesson has a short read, a worked example on an invented farm and three quick questions. Finish them all for an optional certificate of completion. Free, no sign-up, not nationally accredited.
Want this done on your own figures?
The course explains how it works. If you'd rather have it done on your farm's real numbers, that's what our Farm Health Check is for.
Talk to Nick about your next bank review
We work with farm businesses Australia-wide by phone and video, with regular farm visits on the east coast. Get in touch for a no-obligation chat about what you need and what it would cost.