303298 (v.2) Farm Business Systems 102

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Area:	Muresk Institute
Credits:	25.0
Contact Hours:	5.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 3 Hours Weekly
Anti Requisite(s):	303232 (v.1) Agribusiness Systems 102
Syllabus:	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, equity. Development, year in year out (YIYO), partial and parametric budgets. Cash control and recording systems. Production economics.
Unit Outcomes:	On successful completion of this unit students will have- Prepared, manually and on spreadsheet, gross margin and cash flow budgets and opening and projected closing balance sheets for a business. Evaluated and discussed a change in a business plan usingpartial budgets. Operated a system to record and monitor performance of a business. Analysed and critiqued actual performance compared to budget. Discussed the personal and business goals and objectives of those involved in the industry. Discussed the use of financial planning tools in business decision making. Demonstrated the ability to develop and apply simple but effective Excel spreadsheets for the budgets and analysis required for the unit. Demonstrated the ability to independently write clear, readable, informative and imaginative reports and assignments.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Atkins, K., (1991), Farm Office and Record Keeping, Rural Management Series BA 478, Module 6, Technical Publications Trust, Prospect Place, Perth, Western Australia. Barry, P.J, Ellinger, P.N, Hopkin, J.A. and Baker, C.B., (1995), Financial Management inAgriculture, 5th ed, Illinois, Danville, Interstate Publishers. Eckersley, P., (1990), Using Gross Margins for Farm Decisions, Western Australian Department of Agriculture, Bulletin 4172. Forster, J. and Brown, M., (1996), Principles of Strategic Management, Melbourne, Macmillan. Jolly, C.M and Clonts, H.A., (1993), Economics of Aquaculture. New York, Hamworth Press. Libben, J.D., Catlett, L.B. and Jones, M.L., (1994), Cash Flow Planning in Agriculture, Iowa, Iowa State University Press. Makeham, J.P. and Malcolm, L.R., (1993), The Farming Game Now, Cambridge, University Press. Rae, A., (1994), Agricultural Management Economics, Cambridge, Cambridge University Press.
Unit Texts:	Barnard, C.S. and Nix, J.S., (1979), Farm Planning and Control, 2nd ed, Cambridge, Cambridge University Press.
Unit Assessment Breakdown:	?
Year Location Period Internal Area External Central External 2004 Northam Campus Semester 2 Y