Module Identifier RS25820  
Academic Year 2003/2004  
Co-ordinator Mr Penri James  
Semester Semester 2 (Taught over 2 semesters)  
Course delivery Lecture   44 Hours 22 x 2 hour lectures  
  Practical   24 Hours 8 x 3 hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Assessment Business budgeting and appraisal assignment Outcomes assessed: 1, 2, 3, 4, 5, 6  100%
Supplementary Assessment Re-presentation of assignment using modified data Outcomes assessed: 1, 2, 3, 4, 5, 6  100%

Learning outcomes

On completion of this module, students should be able to:

1. Construct and analyse a set of financial statements
2. Describe the requirements when budgeting for businesses.
3. Identify the different techniques and resources available for budgeting.
4. Construct fully detailed farm business budgets (including financial statements).
5. Prepare an investment plan, including appraisal and selection of appropriate finance
6. Identify informational requirements of financial institutions in lending assessments.


Business budgeting, appraisal and investment are all essential aspects of management and necessary for successful business control. This module provides a comprehensive understanding of the concepts and principles involved in managing a business and incorporates analysing and solving business problems. In addition this module provides students with appraisal techniques essential for managers in controlling the business.

Transferable skills

.1 Independent project work
   Business budgeting and appraisal assignment allows students to develop own ideas on the future direction of case study farm. This will be based on own collection of data and own analysis.

.2 IT and information handling

.3 Use and analysis of numerical information

.6 Careers need awareness

.7 Self-management

Reading Lists

Barnard, C and Nix J S (1979) Farm planning and control 2nd. CUP
Norman and Coote The Farm Business
Secrett M (1993) Mastering Spreadsheet Budget and Forecasts: A Practical Guide
Throup, G Making profits with dairy cows and quota
Turner, J and Taylor, M (1998) Applied farm management 2nd. Blackwell Science
Warren, M F (1998) Financial management for farmers 4th. Blackwell Science

Technical Reports
Farm incomes in the UK MAFF (published annually)
Farm business survey Published annually

CAP Monitor
Agra Europ


This module is at CQFW Level 5