Module Identifier RS25910  
Module Title PRINCIPLES OF BUSINESS BUDGETING AND APPRAISAL  
Academic Year 2002/2003  
Co-ordinator Mr Penri James  
Semester Semester 1  
Other staff Mr Nicolas H Lampkin, Mr Anthony O'Regan  
Mutually Exclusive RS25820  
Course delivery Lecture   22 Hours 11 x 2 hour lectures  
  Practical   6 Hours 2 x 3 hours  
  Seminars / Tutorials   4 Hours 2 x 2 hours  
Assessment Semester Exam     60%  
  Semester Assessment   Financial statements exercise Outcomes assessed: 2   40%  
  Supplementary Exam   2 Hours Written examination Outcomes assessed: 1, 3, 4, 5   100%  

Learning outcomes

On completion of this module, students should be able to:

1. Describe the nature of farm management decision-making in a systems theoretical context and the potential application of soft systems methodology to analysing and developing farm businesses
2. Construct and analyse a set of financial statements
3. Identify the requirements when budgeting for businesses.
4. Identify the different techniques and resources available for budgeting.
5. Identify informational requirements of financial institutions in lending assessments.

Aims

Business budgeting, appraisal and investment are all essential aspects of management and necessary for successful business control. This module provides a comprehensive understanding of the concepts and principles involved in managing a business and incorporates analysing and solving business problems. In addition this module provides students with appraisal techniques essential for managers in controlling the business.

Transferable skills

2 IT and information handling

.3 Use and analysis of numerical information

Reading Lists

Books
Barnard, C and Nix J S. (1979) Farm planning and control. 2nd. CUP
Secrett M. (1993) Mastering Spreadsheet Budgets and Forecasts - A Practical Guide.
Norman and Coote. The Farm Business.
Throup, G. Making profits with dairy cows and quota.
Warren, M F. (1998) Financial management for farmers. 4th. Blackwell Science
Turner, J and Taylor M. (1998) Applied Farm Management. 2nd. Blackwell

Journals
CAP Monitor.
Agra Europ.

Technical Reports
Farm business survey. Published annually
Farm incomes in the UK. MAFF (published annually)

Books
Lampkin, N and Measures. (2001) 2001 Organic Farm Management Handbook.