Module Information
Module Identifier
RS33400
Module Title
EQUINE BUSINESS PLANNING AND DECISION MAKING
Academic Year
2012/2013
Co-ordinator
Semester
Semester 1 (Taught over 2 semesters)
Mutually Exclusive
Pre-Requisite
Course Delivery
| Delivery Type | Delivery length / details |
|---|---|
| Practical | 1 x 3 hour practical |
| Lecture | 1 x 2 hour lecture per week |
| Lecture | 1 x 2 hour lecture per week |
| Practical | 1 x 3 hour practical |
Assessment
| Assessment Type | Assessment length / details | Proportion |
|---|---|---|
| Semester Assessment | Spreadsheet Outcomes assessed: 2, 5 | 5% |
| Semester Assessment | Investment appraisal Outcomes assessed: 4, 6 | 30% |
| Semester Assessment | Business planning Case Study Outcomes assessed: 1, 2, 3, 4, 5, 6 | 65% |
| Supplementary Assessment | Case study, covering all outcomes | 100% |
Learning Outcomes
On completion of this module students will be able to :
1. Understand the requirements of planning equestrian businesses.
2. Construct (fully) detailed business plans (including financial statements).
3. Understand and appreciate the effects of different trading structures.
4. Appreciate informational requirements of financial institutions in lending assessments.
5. Appreciate the different techniques and resources available for planning.
6. Understand and evaluate investment decisions.
Aims
To introduce students to whole business planning techniques. These techniques will include business and personal aspects, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined.
Content
The object of this module is to introduce students to equine business planning and decision making, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined. Investment appraisal techniques will be investigated and assessed.
Transferable skills
.1 Independent project work
Completion of the investment appraisal and case study
.2 IT and information handling
Use of spreadsheet and word processing packages
.4 Writing in an academic context
Production of case study.
Completion of the investment appraisal and case study
.2 IT and information handling
Use of spreadsheet and word processing packages
.4 Writing in an academic context
Production of case study.
Reading List
Bacon I R and O'Regan T (1999) Equine business guide 3rd Welsh Institute of Rural Studies, Aberystwyth Primo search Dale B and Cooper C (1992) Total quality and human resources Blackwell Primo search Hardmans J P (2000) Hardmans tax rates and tables CCH Publications Primo search MacDonald J W (1988) Running a stables as a business J A Allen Primo search Paice D A (1982) Critical path analysis basic techniques Longman Primo search (1992) Croner's Farm Business Management Croner Publications, London Primo search
Notes
This module is at CQFW Level 6