Introduction
The aim of the ladmec programme is to prepare students to be able to guide and advice dairy farmers in emerging countries. To be able to support a sustainable development of dairy farms in emerging countries farm consultants need proper knowledge of business planning and financial management on strategic and tactical level. This online module gives students the possibility to acquire knowledge about the main aspects of financial management. Knowledge necessary to be able to develop and evaluate strategic plans and be prepared to participate in the ladmec program. In this online module the main aspects of a balance sheet and profit- and loss account are explained. Also the main financial keywords are explained. This online module contains also some exercises to offer students the possibility to practise with working with a balance sheet and profit- and loss account. Possibilities for further reading are indicated.
