308046 (v.1) Agribusiness Systems 502

Area:

Muresk Institute

Credits:

25.0

Contact Hours:

5.0

Lecture:

1 x 3 Hours Weekly

Practical:

1 x 2 Hours Weekly

Syllabus:

Management theory and the management cycle. Internal production environment and systems. The nature and use of management budgeting and accounting techniques. 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.

Unit Outcomes:

On successful completion of this unit students will have - Prepared, manually and on spreadsheets, gross margins and cash flow 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 theuse of financial planning tools in business decision making. Demonstrated the ability to develop and apply simple but effective Excel spreadsheets for the budgets and analyses required for the unit. Demonstrated 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. Perth, Technical Publications Trust. Barry, P.J. Ellinger, P.N. Hopkin, J.A. and Baker, C.B. (1995). Financial Management in Agriculture, 5th ed. Danville, Interstate Publishers. Eckersley, P. (1990). Using Gross Margins for Farm Decisions. Perth, Western Australian Department of Agriculture, Bulletin 4172. Forster, J. and Brown, M. (1996). Principles of Strategic Management. South Melbourne. J.D. Catlett, L.B. and Jones, M.L. (1994). Cash Flow Planning in Agriculture. Ames, Iowa State University Press.

Unit Texts:

No prescribed texts.

Unit Assessment Breakdown:

Exam 40%, Project 40%, Seminar (1) 10%, Seminar (2) 10%. This is by Grade/Mark assessment.

Field of Education:

50301 Horticulture

HECS Band (if applicable):

Extent to which this unit or thesis utilises online information:

Informational

Result Type:

Grade/Mark

Availability

Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.

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