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304041 (v.2) Farm Business Systems 502
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.2) Agribusiness Systems 102
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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 and equity. Development, year in year out (YIYO), partial and parametric budgets. Cash control and recording systems. Production economics. |
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Unit Outcomes: | On sussessful completion of this unit, students will have pepared, manually and on spreadsheet, gross margin and cashflow budgets and opening and projected closing balance sheets for a business. Evaluated and discussed a change in a business plan using partial 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 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. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
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. Interstate Publishers, Danville. 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. |
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Unit Assessment Breakdown: | Project and Budget Report 80%. Workshop Participation 20%. This is by grade/mark assessment. |
Field of Education: | 50100 Agriculture (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Informational | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Northam Campus | Semester 2 | Y | | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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