What are the requirements and marking criteria for the Agri-Business practical assessment task 1, focusing on financial viability of a farming enterprise?

This document is a Student's Checklist for Practical Assessment Task 1 in Agri-Business. It outlines the requirements and marking criteria for a report assessing the viability of a farming enterprise. The assessment is divided into two main subtasks: Subtask 1: Gather Information (3 marks) - Involves collecting and analyzing financial information from a farming enterprise. Subtask 2: Compile a report (47 marks) - Requires the student to write a report based on the gathered information. The report must include: An Introduction* with the purpose of the report and information sources used. Sections on Income (five product sales and five services provided) and Expenditure* (at least four variable costs and four fixed costs, correctly formatted and categorized). A detailed Income Statement* including a title, a minimum of six receipt entries with a total calculation, a minimum of eight payment entries with a total calculation, and the net profit/loss for the period. A Conclusion* with two financial strengths, two financial weaknesses, and two relevant recommendations, all with motivation. The Total Marks for this practical assessment are 50.