I. General Information
1. Course Title:
Directed Studies - Current Issues in Farm Business Management
2. Course Prefix & Number:
FBMA 2201
3. Course Credits and Contact Hours:
Credits - Variable: 1-5
4. Course Description:
This course is designed to assist students to further develop their skills in business management. It provides an opportunity for students to maintain the financial and enterprise database, to generate financial statements, business analyses, and financial projections required for risk management planning, strategic management planning, and farm business plan development. This data also provides the basis for commodity market planning and tax management planning. Emphasis is placed on the development and maintenance of farm business data, reports, and plans. This data also provides development and maintenance of farm business data, reports, and plans.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMA 2201 - Directed Studies - Current Issues in Farm Business Management
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMA 2201 - Directed Studies - Current Issues in Farm Business Management
There are no corequisites for this course.
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Name of Program(s)
|
Program Type
|
Current Issues in 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 |
Identify key area(s) of concern with cost of production with selected enterprise |
Apply ethical principles in decision-making |
Include a discussion of environmental issues in business plan development |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify terms of the current issue;
- Define related terminology;
- Explain concepts of topic;
- Apply current issue to business;
- Analyze the effects of current issue on your business;
- Identify steps of the implementation plan;
- Analyze historic data and/or rationale of changes;
- Identify strengths and weaknesses of business;
- Develop strategic plans or goals;
- Develop tax management plan;
- Maintain current accurate farm business records and accounts;
- Develop short term implementation plan;
- Develop long term implementation plan;
- Analyze current financial statement to determine feasibility; and
- Predict the effects of the current issue to financial statements.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Analyze and update Farm Business Records and Accounts
- Update whole farm financial records
- Complete crop and livestock enterprising of direct and overhead expenses
- Complete cash accuracy checks for farm business records and accounts
- Generate Financial Statements, Business Analysis and Business Projections
- Prepare accurate Balance Sheets (Market and Cost)
- Complete business analysis
- Modify analysis as needed with cash and Liability accuracy checks
- Prepare annual cash flow for the business
- Research benchmarking data for implications on farm planning
- Examine current business analysis for potential alternative(s) in planning efforts
- Compare individual business analysis to regional and state benchmark data
- Evaluate individual business analysis in comparison to special sort data
- Record findings
- Evaluate alternative(s)
- Develop and activate revised farm plans that meet current business needs
- Specify modification(s) to the plan as needed, based on findings
- Develop a process for incorporation of modification(s) in a revised plan(s)
- Modify current plan(s) as needed to adjust for new goal(s)
- Develop evaluation and monitoring guidelines for the revised plan(s)
- Implement the revised plan(s)
I. General Information
1. Course Title:
Directed Studies - Current Issues in Farm Business Management
2. Course Prefix & Number:
FBMA 2201
3. Course Credits and Contact Hours:
Credits - Variable: 1-5
4. Course Description:
This course is designed to assist students to further develop their skills in business management. It provides an opportunity for students to maintain the financial and enterprise database, to generate financial statements, business analyses, and financial projections required for risk management planning, strategic management planning, and farm business plan development. This data also provides the basis for commodity market planning and tax management planning. Emphasis is placed on the development and maintenance of farm business data, reports, and plans. This data also provides development and maintenance of farm business data, reports, and plans.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMA 2201 - Directed Studies - Current Issues in Farm Business Management
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMA 2201 - Directed Studies - Current Issues in Farm Business Management
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):
Name of Program(s)
|
Program Type
|
Current Issues in 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 |
Identify key area(s) of concern with cost of production with selected enterprise |
Apply ethical principles in decision-making |
Include a discussion of environmental issues in business plan development |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Identify terms of the current issue;
- Define related terminology;
- Explain concepts of topic;
- Apply current issue to business;
- Analyze the effects of current issue on your business;
- Identify steps of the implementation plan;
- Analyze historic data and/or rationale of changes;
- Identify strengths and weaknesses of business;
- Develop strategic plans or goals;
- Develop tax management plan;
- Maintain current accurate farm business records and accounts;
- Develop short term implementation plan;
- Develop long term implementation plan;
- Analyze current financial statement to determine feasibility; and
- Predict the effects of the current issue to financial statements.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Analyze and update Farm Business Records and Accounts
- Update whole farm financial records
- Complete crop and livestock enterprising of direct and overhead expenses
- Complete cash accuracy checks for farm business records and accounts
- Generate Financial Statements, Business Analysis and Business Projections
- Prepare accurate Balance Sheets (Market and Cost)
- Complete business analysis
- Modify analysis as needed with cash and Liability accuracy checks
- Prepare annual cash flow for the business
- Research benchmarking data for implications on farm planning
- Examine current business analysis for potential alternative(s) in planning efforts
- Compare individual business analysis to regional and state benchmark data
- Evaluate individual business analysis in comparison to special sort data
- Record findings
- Evaluate alternative(s)
- Develop and activate revised farm plans that meet current business needs
- Specify modification(s) to the plan as needed, based on findings
- Develop a process for incorporation of modification(s) in a revised plan(s)
- Modify current plan(s) as needed to adjust for new goal(s)
- Develop evaluation and monitoring guidelines for the revised plan(s)
- Implement the revised plan(s)