Completed Project Report


Got Profit? Beyond the First Step

  • Award Amount: $16,649
  • Regional Center: North Central Extension Risk Management Education Center
  • Grant Program: 2009 Unrestricted Grants

Extension RME Regional Centers
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Project Overview

This project responded to participant requests from previous workshops for education and training on accrual accounting techniques using QuickBooks software. Over several years, the University of Wisconsin-River Falls in collaboration with University of Wisconsin-Madison/Extension has conducted financial management workshops designed to train farmers in implementing basic accounting systems. The response to these workshops was overwhelming with evaluations indicating that producers wanted additional training. Original proposal was to teach four workshops reaching 80 participants. We held eight workshops across the state, reaching 175 producers by offering hands-on time with the popular software, QuickBooks. At the same time participants were educated about the accrual accounting method. Accrual based financial reports yield a more accurate measure of profit, cost of production and equity from which good risk management decisions are made.

Number of Participants: 175

Outcomes

Project Steps

PROMOTIONAL MATERIALS

There are no promotional materials available for this project.

EDUCATIONAL MATERIALS

There are no educational materials available for this project.

REPORTS & EVALUATIONS

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DELIVERY AREA

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INDIVIDUAL STORIES / EXAMPLES OF SUCCESS / QUOTES