I. General Information
1. Course Title:
Incorporating Value Added Enterprises
2. Course Prefix & Number:
FBMT 1254
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course will provide the student with the knowledge of the farm management cycle with the incorporation of a value added enterprise and the outcomes of the financial and business analysis of the farm.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1254 - Incorporating Value Added Enterprises
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1254 - Incorporating Value Added Enterprises
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
|
|
Applications in Farm Business Management
|
Certificate
|
|
Essentials in Farm Business Management
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Assess alternative solutions to a problem |
Identify data for value added enterprise incorporation |
| Apply abstract ideas to concrete situations |
Interpret financial documents used in the analysis |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
|
Expected Outcome
|
MnTC
Goal Area
|
|
Evaluate the analysis of value added enterprises.
|
|
|
Use the data collected for future farm business planning
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I. Collect data necessary to evaluated value added enterprise profitability.
A. Record data necessary for analysis of the business
B. Adjust production and inventory data for yearend closeout
C. Closeout records for business analysis
II. Interpret the analysis of the contributions from the value added enterprise(s).
A. Complete the business analysis
B. Evaluate report data to determine overall business profitability
C. Consider contributions to overhead and enterprise profitability
III. Examine financial documents as they relate directly to the value added enterprise(s)
A. Review variable costs for the value added enterprise(s)
B. Review fixed costs for the value added enterprise(s)
C. Evaluate selected economic factors from the enterprise table to demonstrate value to the business
IV. Assemble data to plan for the next business cycle
A. Incorporate value added enterprise in to annual business plan
B. Incorporate value added enterprise in to annual cash flow plan
C. Project profitability of business including the value added enterprise(s)
D. Complete an updated whole farm business plan as needed |
I. General Information
1. Course Title:
Incorporating Value Added Enterprises
2. Course Prefix & Number:
FBMT 1254
3. Course Credits and Contact Hours:
Credits: 2
4. Course Description:
This course will provide the student with the knowledge of the farm management cycle with the incorporation of a value added enterprise and the outcomes of the financial and business analysis of the farm.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 1254 - Incorporating Value Added Enterprises
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 1254 - Incorporating Value Added Enterprises
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
|
|
Applications in Farm Business Management
|
Certificate
|
|
Essentials in Farm Business Management
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Apply abstract ideas to concrete situations |
Interpret financial documents used in the analysis |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
|
Expected Outcome
|
MnTC
Goal Area
|
|
Evaluate the analysis of value added enterprises.
|
|
|
Use the data collected for future farm business planning
|
|
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
I. Collect data necessary to evaluated value added enterprise profitability.
A. Record data necessary for analysis of the business
B. Adjust production and inventory data for yearend closeout
C. Closeout records for business analysis
II. Interpret the analysis of the contributions from the value added enterprise(s).
A. Complete the business analysis
B. Evaluate report data to determine overall business profitability
C. Consider contributions to overhead and enterprise profitability
III. Examine financial documents as they relate directly to the value added enterprise(s)
A. Review variable costs for the value added enterprise(s)
B. Review fixed costs for the value added enterprise(s)
C. Evaluate selected economic factors from the enterprise table to demonstrate value to the business
IV. Assemble data to plan for the next business cycle
A. Incorporate value added enterprise in to annual business plan
B. Incorporate value added enterprise in to annual cash flow plan
C. Project profitability of business including the value added enterprise(s)
D. Complete an updated whole farm business plan as needed |