304041 (v.2) Farm Business Systems 502

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Area:	Muresk Institute
Contact Hours:	5.0
Credits:	25.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 3 Hours Weekly
Anti Requisite(s):	303232 (v.2) Agribusiness Systems 102
Management theory and the management cycle. Internal farm environment and systems. The nature and use of farm management budgeting and accounting techniques. Stock reconciliations, cropping, stocking and rotations. Inventories, capital items, depreciation, loans, interest. Gross margin and profit calculation, income and expenditure, cash flow, assets, liabilities and equity. Development, year in year out (YIYO), partial and parametric budgets. Cash control and recording systems. Production economics.