I. General Information
1. Course Title:
Examination of the Context of Farm System Management
2. Course Prefix & Number:
FBMT 2161
3. Course Credits and Contact Hours:
Credits: 4
4. Course Description:
This course is designed to assist students in preparation of improved farm system management procedures. Students in this course will evaluate several years of an improved farm system analysis.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2161 - Examination of the Context of Farm System Management
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2161 - Examination of the Context of Farm System 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
|
Applications 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 |
Appraise accounting system for other options |
Work as a team member to achieve shared goals |
Review and modify goal statements |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Prioritize strategies to improve enterprise trend data;
- Predict future changes in financial ratios;
- Prioritize future business goals;
- Compare strengths and weaknesses of the management system;
- Investigate business structure models;
- Explain deferred tax liability;
- Evaluate tax management strategies;
- Appraise the financial and data accounting system;
- Prioritize future family and personal goals;
- Appraise the production records;
- Compare Enterprise Analysis Benchmarking Data; and
- Evaluate family living cost.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Investigate business structure models
- list alternative business structure models
- list the advantages of the alternative business structure model(s)
- list the disadvantages of the alternative business structure model(s)
- discuss how the alternative business structure would function using historical data
- Explain deferred tax liability
- complete a current cost/market balance sheet
- discuss impact of timed asset liquidation
- categorize assets for ordinary income, investment recapture and capital gains taxation
- Redefine future business, family, and personal goals
- consider past business, family, and personal goals
- assess goals for annual achievement and accuracy
- re-establish goals as they are completed and modified
- consider goals to address business continuation, retirement , and succession plans
- verify goal attainment
- Evaluate tax strategies
- assess tax law changes as they pertain to the farm business
- implement revised tax management strategies
- make decisions to manage tax liability
- Predict future changes in financial ratios
- create a cash flow plan
- use current and historical business ratios to predict future changes
- Cite strengths and weaknesses of the management system
- review business plan
- consider strengths and weaknesses identified in the risk assessment
- explain the relationship of the Financial standard ratios as they pertain to the management system
- list the strengths and weaknesses of the management system.
- Prioritize strategies to improve enterprise trend data
- identify areas for improvement within (an) enterprise(s)
- identify strategies to improve enterprise performance
- Appraise the financial and data accounting system
- address the level of detail used in the current system(s)
- identify areas for improvement based on analysis results
- compare current system features to other available systems
- consider the feasibility of additional system changes
I. General Information
1. Course Title:
Examination of the Context of Farm System Management
2. Course Prefix & Number:
FBMT 2161
3. Course Credits and Contact Hours:
Credits: 4
4. Course Description:
This course is designed to assist students in preparation of improved farm system management procedures. Students in this course will evaluate several years of an improved farm system analysis.
5. Placement Tests Required:
6. Prerequisite Courses:
FBMT 2161 - Examination of the Context of Farm System Management
There are no prerequisites for this course.
9. Co-requisite Courses:
FBMT 2161 - Examination of the Context of Farm System 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
|
Applications in Farm Business Management
|
Certificate
|
IV. Learning Outcomes
1. College-Wide Outcomes
College-Wide Outcomes/Competencies |
Students will be able to: |
Work as a team member to achieve shared goals |
Review and modify goal statements |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Prioritize strategies to improve enterprise trend data;
- Predict future changes in financial ratios;
- Prioritize future business goals;
- Compare strengths and weaknesses of the management system;
- Investigate business structure models;
- Explain deferred tax liability;
- Evaluate tax management strategies;
- Appraise the financial and data accounting system;
- Prioritize future family and personal goals;
- Appraise the production records;
- Compare Enterprise Analysis Benchmarking Data; and
- Evaluate family living cost.
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Investigate business structure models
- list alternative business structure models
- list the advantages of the alternative business structure model(s)
- list the disadvantages of the alternative business structure model(s)
- discuss how the alternative business structure would function using historical data
- Explain deferred tax liability
- complete a current cost/market balance sheet
- discuss impact of timed asset liquidation
- categorize assets for ordinary income, investment recapture and capital gains taxation
- Redefine future business, family, and personal goals
- consider past business, family, and personal goals
- assess goals for annual achievement and accuracy
- re-establish goals as they are completed and modified
- consider goals to address business continuation, retirement , and succession plans
- verify goal attainment
- Evaluate tax strategies
- assess tax law changes as they pertain to the farm business
- implement revised tax management strategies
- make decisions to manage tax liability
- Predict future changes in financial ratios
- create a cash flow plan
- use current and historical business ratios to predict future changes
- Cite strengths and weaknesses of the management system
- review business plan
- consider strengths and weaknesses identified in the risk assessment
- explain the relationship of the Financial standard ratios as they pertain to the management system
- list the strengths and weaknesses of the management system.
- Prioritize strategies to improve enterprise trend data
- identify areas for improvement within (an) enterprise(s)
- identify strategies to improve enterprise performance
- Appraise the financial and data accounting system
- address the level of detail used in the current system(s)
- identify areas for improvement based on analysis results
- compare current system features to other available systems
- consider the feasibility of additional system changes