I. General Information
1. Course Title:
Interpreting Trends in Business Planning
2. Course Prefix & Number:
FBMT 2142
3. Course Credits and Contact Hours:
Credits: 4
4. Course Description:
This course examines whole farm, enterprise, balance sheet, and inventory trends. Current analysis data is compared to historical data in making future farm business planning decisions. Financial ratios are used to indicate the farm financial structure.
5. Placement Tests Required:
Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
FBMT 2142 - Interpreting Trends in Business Planning
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2142 - Interpreting Trends in Business Planning
There are no corequisites for this course.
II. Transfer and Articulation
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Applications in Farm Business Management Certificate
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Analyze and follow a sequence of operations |
Analyze selected financial ratio. |
Apply abstract ideas to concrete situations |
Suggest methods to improve ratio. |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Revise financial accounting system(s) for effectiveness and accuracy;
- Compare historical farm data with projected cash flow plans;
- Analyze farm financial measures;
- Interpret trend data for farm business decision-making processes;
- Analyze current working capital position and working capital trend history;
- Analyze current debt to asset percentage and debt to asset trend history;
- Refine business goals in the development of cash flow planning;
- Refine family and personal goals in the development of cash flow planning;
- Compare trend data of current inventories to the current year's balance sheet;
- Integrate risk management and farm production plans;
- Examine trend data to modify farm marketing strategies; and
- Utilize the farm analyses to improve its business organization and efficiency.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
1. Revise financial accounting system(s) for effectiveness and accuracy
- Students will demonstrate competence by doing the following:
- Evaluate financial accounting system(s) for effectiveness and accuracy
- Students will show understanding through the following:
- Complete an accuracy check on the accounting system(s)
- Utilize accounting system(s) for enterprise analysis
- Utilize accounting system(s) in your decision-making process
2. Compare historical farm data with projected cash flow plans
- Students will demonstrate competence by doing the following:
- Analyze historical farm data
- Students will show understanding through the following:
- Review historical farm data
- Interpret historical farm data
- Make informed decisions based on historical data
3. Analyze farm financial measures
- Students will demonstrate competence by doing the following:
- Analyze farm financial ratios
- Students will show understanding through the following:
- Analyze farm financial ratios
- Identify strong farm financial ratios
- Identify farm financial ratios of concern
- Develop a strategy to maintain strong ratios and improve ratios of concern
4. Interpret trend data for farm business decision-making processes
- Students will demonstrate competence by doing the following:
- Interpret trend data for farm business decision making processes
- Students will show understanding through the following:
- Review farm business trend data
- Interpret farm business trend data
- Make management decisions based on trend data
5. Analyze current working capital position and working capital trend history
- Students will demonstrate competence by doing the following:
- Analyze working capital and debt levels
- Students will show understanding through the following:
- Define current ratio
- Explain the solvency and liquidity debt ratios
- Determine a workable working capital level
- Determine a workable debt level
6. Analyze current debt to asset percentage and debt to asset trend history
- Students will demonstrate competence by doing the following:
- Analyze business, family and personal goals
- Students will show understanding through the following:
- Review business, family and personal goals
- Identify goals which are no longer appropriate
- Modify business, family, and personal goals
7. Refine business goals in the development of cash flow planning
- Students will demonstrate competence by doing the following:
- Examine trend data for business, family and personal goal setting
- Students will show understanding through the following:
- Review individual trend data for business, family, and personal goals
- Interpret trend data to identify strengths and weaknesses
- Modify goals based on trend data interpretation
8. Refine family and personal goals in the development of cash flow planning
- Students will demonstrate competence by doing the following:
- Integrate risk management and production plans
- Students will show understanding through the following:
- Review risk management assessment
- Identify areas of personal business exposed to risk
- Adopt a comprehensive risk management plan
9. Compare trend data of current inventories to the current year’s balance sheet
- Students will demonstrate competence by doing the following:
- Examine trend data to modify marketing strategies
- Students will show understanding through the following:
- Examine marketing trend data
- Interpret marketing trends
- Modify marketing strategies if necessary
10. Integrate risk management and farm production plans
11. Examine trend data to modify farm marketing strategies
12. Utilize the farm analyses to improve its business organization and efficiency