Module Identifier RS25910  
Academic Year 2003/2004  
Co-ordinator Mr Penri James  
Semester Semester 1  
Other staff Mr Nicolas H Lampkin, Mr Anthony O'Regan  
Mutually Exclusive RS25820  
Course delivery Seminars / Tutorials   4 Hours 2 x 2 hours  
  Lecture   22 Hours 11 x 2 hour lectures  
  Practical   6 Hours 2 x 3 hours  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours  60%
Semester Assessment Financial statements exercise Outcomes assessed: 2  40%
Supplementary Exam2 Hours Written examination Outcomes assessed: 1, 3, 4, 5  100%

Learning outcomes

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

1. Describe the nature of farm management decision-making in a systems theoretical context and the potential application of soft systems methodology to analysing and developing farm businesses
2. Construct and analyse a set of financial statements
3. Identify the requirements when budgeting for businesses.
4. Identify the different techniques and resources available for budgeting.
5. 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

2 IT and information handling

.3 Use and analysis of numerical information

Reading Lists

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

CAP Monitor
Agra Europ

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

Lampkin, N and Measures (2001) 2001 Organic Farm Management Handbook


This module is at CQFW Level 5