What are the requirements and marking criteria for the Agri-Business practical assessment task 1, focusing on financial 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.