Module Identifier RS23610  
Academic Year 2000/2001  
Co-ordinator Dr Michael Christie  
Semester Semester 2  
Other staff Mr Anthony O'Regan  
Pre-Requisite RS23410  
Mutually Exclusive RS23510  
Assessment Course work     100%  

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.

Learning outcomes
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.

Reading Lists
Bacon, I R. (1996) Horses and money. Blackwell Science
Bacon I R, Brown J H and O'Regan T. (1999) Equine Business Guide. 3rd. Welsh Institute of Rural Studies, Aberystwyth
Barnard A and Nix J. (1991) Farm planning and control. 2nd. CUP
Hardmans J P. (2000) Hardmans' tax rates and tables. CCH Publications
MacDonald J W. (1990) Running a stables as a business. 2nd. J A Allen
Packer B. (1990) VAT - a business by business guide. Butterworths
Stanley O. (1984) Taxation of farmers and landowners. Butterworth
Warren M F. (1992) Financial managment for farmers and rural managers. 4th. Hutchinson
(1999) Farm management handbook 1999/2000. SAC
Buckett M. (1988) An introduction to farm organisation and management. Pergamon Press