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Hide Required Fields in the 12 Month Income Statement

Hide Required Fields in the 12 Month Income Statement

Aug 6th, 2022

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How to Hide Required Fields in the 12 Month Income Statement

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46 votes

Welcome to Module Six on the income statement. I’m Donna Goethe, a farm business and production management instructor at Western Technical College. My role involves helping farmers assess their financial status and monitor its direction. This training includes two worksheets: one labeled "balance sheet" and the other "income statement." We will discuss the purpose of an income statement, the differences between cash and accrual recording, and how these affect the statement. Additionally, we will cover how to record income and expenses, make accrual adjustments, understand net profits, address depreciation, and analyze what insights can be gained from an income statement.

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