I. General Information

1. Course Title:
Integrating System Information for Financial Planning

2. Course Prefix & Number:
FBMT 2152

3. Course Credits and Contact Hours:

Credits: 4

4. Course Description:

This course uses farm system information to develop a farm financial plan. Interpretation and analysis of the farm system data will enhance the reliability of the farm plan. The comprehensive farm plan will integrate historical trends, farm and personal goals, financial and enterprise performance of the farm business.

5. Placement Tests Required:

6. Prerequisite Courses:

There are no prerequisites for this course.

9. Co-requisite Courses:

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

IV. Learning Outcomes

1. College-Wide Outcomes

College-Wide Outcomes/Competencies	Students will be able to:
Analyze and follow a sequence of operations	Use the Farm Financial Scorecard to analyze the business
Utilize appropriate technology	Refine accounting system by using software and computer as appropriate

2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of the course:

• Incorporate a risk management plan; 
• Develop business exit strategies;
• Develop an investment plan for retirement;
• Develop enterprise budgets by using trend data;
• Compare long-range business plan options;
• Modify business, family and personal goals;
• Modify financial plans as required by business needs;
• Develop a business needs assessment by investigating trend data;
• Analyze income statements;
• Identify individual enterprise performance;
• Incorporate individual enterprise performance into the farm business; and 
• Modify farm business plan based on enterprise performance.

V. Topical Outline

Listed below are major areas of content typically covered in this course.

1. Lecture Sessions

1. Incorporate a risk management plan
• complete a risk assessment
• evaluate the risk position of the business
• construct the plan
• implement the plan
2. Plan business exit strategies
• evaluate the sustainability of the business
• identify a business exit strategy that aligns with business and personal goals
3. Develop an investment plan for retirement
• review the cash flow for the availability of investment funds
• project fund balance requirements at retirement age
• identify investment options
• choose options that meet personal and financial goals
4. Use trend data to develop enterprise budgets
• review historical trend data
• estimate current input price projections
• estimate production potential
• evaluate external market forces that could influence price volatility
• develop the enterprise budgets
5. Compare long-range business plan options
• identify scenarios to compare
• review current business performance
• incorporate historical trend data
• develop long range business plan projections
6. Refine business, family and personal goals
• verify performance of past goals
• confirm that business, family and personal goals are aligned with present and future needs
7. Modify financial plans as required by business needs
• assess current business financial needs
• verify cash flow projections will meet business financial needs
• verify credit availability will meet business financial needs
8. Investigate trend data to develop a business needs assessment
• assess strengths of the business based on trend data
• assess weaknesses of the business based on trend data
• develop a business needs assessment based on strengths/weaknesses of the business
9. Analyze income statements
• review past business income statement trends
• assess business performance based on income statements
• compare business