| Module Identifier |
RS25910 |
| Module Title |
PRINCIPLES OF BUSINESS BUDGETING AND APPRAISAL |
| Academic Year |
2006/2007 |
| Co-ordinator |
Mr Penri James |
| Semester |
Semester 1 |
| Other staff |
Mr Anthony O'Regan |
| Mutually Exclusive |
RS25820 |
| Course delivery |
Practical | 2 x 3 hour practicals |
| |
Lecture | 1 x 2 hour lecture per week |
| |
Practical | 2 x 3 hour practicals per semester |
| Assessment |
| Assessment Type | Assessment Length/Details | Proportion |
|---|
| Semester Assessment | Business budgeting and appraisal assignment Outcomes assessed: 1, 2, 3, 4 | 100% |
| Supplementary Exam | 2 Hours Written examination Outcomes assessed: 1, 3, 4, 5 | 100% |
|
Learning outcomes
On successful completion of this module, students should be able to:
Construct and analyse a set of financial statements
Identify the requirements when budgeting for businesses
Identify the different techniques and resources available for budgeting
Identify information requirements of financial institutions in lending assessments
Aims
Business decision making, 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.
This module is taught jointly with RS25820 Business Budgeting and Appraisal, but is a reduced version for D430 students only to accommodate their absence abroad in Semester 2 of Year 2.
Module Skills
| Problem_solving |
Independent project work |
| Research skills |
Independent project work |
| Information Technology |
Use of spreadsheets |
| Application of Number |
Construction and analysis of financial statements |
Reading Lists
Books
Barnard, C and Nix J S (1979) Farm planning and control
2nd. CUP
Lampkin, N and Measures (2001) 2001 Organic Farm Management Handbook
Norman and Coote The Farm Business
Secrett M (1993) Mastering Spreadsheet Budgets and Forecasts - A Practical Guide
Throup, G Making profits with dairy cows and quota
Turner, J and Taylor M (1998) Applied Farm Management
2nd. Blackwell
Warren, M F (1998) Financial management for farmers
4th. Blackwell Science
Journals
Agra Europ
CAP Monitor
Technical Reports
Farm business survey
Published annually
Farm incomes in the UK
MAFF (published annually)
Notes
This module is at CQFW Level 5