|Module Title||BUSINESS PLANNING AND CONTROL|
|Co-ordinator||Mr Penri James|
|Semester||Semester 2 (Taught over 2 semesters)|
|Other staff||Mr Anthony O'Regan|
|Pre-Requisite||RD15810 Business Management|
|Mutually Exclusive||RD29010 Farm Management|
|Course delivery||Lecture||44 Hours 22 x 2 hour lectures|
|Practical||24 Hours 8 x 3 hour practicals|
a. Budgets are prepared and reconciled.
b. Objectives are identified and met.
c. Realism and prudence are demonstrated.
Financial statements - Balance sheet - Cash Flow - Trading Profit and Loss Account - Gross margins
Interpret and analyse a set of financial statements
a. Strengths and weaknesses of the financial statements are identified.
b. The underlying trends and variances are established.
c. Key aspects are recognised and reported.
Financial Statements:- Balance Sheet-Cash Flow-Trading Profit and Loss Account -Funds Flow Statement-Gross Margin Account
Data:- Physical-Financial-Comparative Analysis-Net Farm Income-Management and Investment Income
Prepare an Investment plan, including appraisal and selection of appropriate finance
a. Relevant income and expenditure is identified.
b. Cash timings are identified and reported.
c. Suitable financing is suggested and interpretation of results is performed.
Recognise the functions and scope of UK taxation.
a. Different taxes are identified and explained.
b. Income tax liability is calculated.
c. Tax planning is addressed.
Identify the merits of different business structures
a. Alternative business structures are identified.
b. Strengths and weaknesses of the structures are established.
c. A knowledge of the tax consequences is demonstrated.
Structures:- Partnership-Sole Trader-Company
.2 IT and information handling
Case study submission is word processed.
Extensive use of spreadsheets for accounts/budget construction
Extensive data analysis using spreadsheets
.3 Use and analysis of numerical information
Preparation of farm budgets
Analysis of farm budgets
.5 Oral discussion and presentation
Each student is interviewed by a Bank Manager who will establish the feasibility of the plan
Bank Managers will indicate a willingness to lend money for investment based on students' proposed plan and interview performance
.6 Careers need awareness
Planning case study is based on a real life scenario which a student could be expected to encounter
Interview with Bank Manager is based on real expectations
The planning assignment requires the selection and analysis of appropriate information, within a specified timescale, to allow for the development of a plan. The volume of information encountered will not see the assignment submitted within set deadlines if self management is not practiced.
.8 Group activity
Farm visits are a group activity.
This module is at CQFW Level 5