|Module Title||EQUINE BUSINESS BUDGETING AND CONTROL|
|Co-ordinator||Dr Michael Christie|
|Other staff||Mr Anthony O'Regan|
Aims of the module
The aim of this module is to introduce students to budgeting and budgetary control as a tool for businesses analysis, planning and decision making in an equine business. The module also examines business finance, interest and taxation.
On completion of this module students will be able to
1. Prepare a fully documented whole business budget
2. Use budgeting techniques to assess alternative business strategies.
3. Apply budgetary control procedures to an equine business.
Syllabus / Curriculum design
Students will develop business budgeting skille including whole business budgets and partial budgets. Whole business budgeting will include construction of gross margin budgets, profit and loss budgets, cash flow projections and projected balance sheets. Budgetary control will include financial recording techniques (manual and computerised). A major part of the module will be devoted to applying budgeting techniques to real equine businesses.
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