|| RS33420 |
|| EQUINE BUSINESS PLANNING AND DECISION MAKING |
|| 2007/2008 |
|| Mr Anthony O'Regan |
|| Semester 2 (Taught over 2 semesters) |
|| RS23410 |
|| RS33320 |
| Course delivery
|| Practical || Semester 1: 1 x 3 hour practical per week; Semester 2: 2 x 3 hour practicals per week, weeks 2 - 4 only |
|| Lecture || In Semester 1, there will be 1 x 2 hour lecture per week, and in Semester 2, there will be 1 x 1 hour lecture per week |
|Assessment Type||Assessment Length/Details||Proportion|
|Semester Assessment|| Spreadsheet Outcomes assessed: 2, 5 ||5%|
|Semester Assessment|| Investment appraisal Outcomes assessed: 4, 6 ||30%|
|Semester Assessment|| Business planning Case Study Outcomes assessed: 1, 2, 3, 4, 5, 6 ||65%|
|Supplementary Assessment|| Case study, covering all outcomes ||100%|
On completion of this module students will be able to :
1. Understand the requirements of planning equestrian businesses.
2. Construct (fully) detailed business plans (including financial statements).
3. Understand and appreciate the effects of different trading structures.
4. Appreciate informational requirements of financial institutions in lending assessments.
5. Appreciate the different techniques and resources available for planning.
6. Understand and evaluate investment decisions.
To introduce students to whole business planning techniques. These techniques will include business and personal aspects, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined.
The object of this module is to introduce students to equine business planning and decision making, uncertainty and risk analysis and business distress and failure. Alternative structures for equestrian ventures will also be examined. Investment appraisal techniques will be investigated and assessed.
.1 Independent project work
Completion of the investment appraisal and case study
.2 IT and information handling
Use of spreadsheet and word processing packages
.4 Writing in an academic context
Production of case study.
Bacon I R and O'Regan T (1999) Equine business guide
3rd. Welsh Institute of Rural Studies, Aberystwyth
Dale B and Cooper C (1992) Total quality and human resources
Hardmans J P (2000) Hardmans tax rates and tables
MacDonald J W (1988) Running a stables as a business
J A Allen
Paice D A (1982) Critical path analysis basic techniques
(1992) Croner's Farm Business Management
Croner Publications, London
This module is at CQFW Level 6