Module Identifier RS23510  
Academic Year 2000/2001  
Co-ordinator Dr Michael Christie  
Semester Semester 2  
Pre-Requisite RS23310  
Assessment Case study   Farm Budgeting Case Study   100%  

Syllabus / Curriculum design
The students will develop business budgeting skills including whole farm budgets and partial budgets. Whole farm budgeting will include construction of gross margin budgets, fixed cost budgets, cash flow projections and projected balance sheets. Budgetary control will include financial recording techniques (manual and computerised) and variance analysis techniques. A major part of the module will be devoted to applying budgeting techniques to a real farm business.

Aims of the module
The objective of this module is to introduce budgeting and budgetary control as tools for business analysis, planning and decision making, particularly with reference to farm businesses.

Learning outcomes
On completion of this module students will be able to:

1. Prepare a fully documented whole farm budget

2. Use budgeting techniques to assess alternative business strategies

3. Apply budgetary control procedures to a farm business

Reading Lists
Warren, M F. (1998) Financial management for farmers and rural managers. 4th. Blackwell Science
Turner, J and Taylor, M. (1998) Applied farm management. 2nd. Blackwell Science
Barnard, C and Nix, J S. (1991) Farm planning and control. CUP
Hardmans J P. (1993) Hardmans' tax rates and and tables 1993/94. CCM Publications
Packer B. (1990) VAT - a business by business guide. Butterworth
Stanley O. (1984) Taxation of farmers and landowners. Butterworth
(1999) Farm management handbook 1999/2000. SAC
Buckett M. (1988) An introduction to farm organisation and management. Pergamon Press