| Module Identifier |
RS25910 |
| Module Title |
PRINCIPLES OF BUSINESS BUDGETING AND APPRAISAL |
| Academic Year |
2003/2004 |
| Co-ordinator |
Mr Penri James |
| Semester |
Semester 1 |
| Other staff |
Mr Nicolas H Lampkin, Mr Anthony O'Regan |
| Mutually Exclusive |
RS25820 |
| Course delivery |
Seminars / Tutorials | 4 Hours 2 x 2 hours |
| |
Lecture | 22 Hours 11 x 2 hour lectures |
| |
Practical | 6 Hours 2 x 3 hours |
| Assessment |
| Assessment Type | Assessment Length/Details | Proportion |
|---|
| Semester Exam | 2 Hours | 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
-
Construction and analysis of financial statements
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
Notes
This module is at CQFW Level 5