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Active as of Fall Semester 2013
I. General Information
1. Course Title:
Introduction to Financial Planning and Analysis
2. Course Prefix & Number:
SCMT 1112
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course will introduce the student to the process of financial planning and analysis for the specialty crop business. Students will establish an effective record keeping system and learn how to use the information to plan cash flow needs and monitor the performance of the business.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 1112 - Introduction to Financial Planning and Analysis
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 1112 - Introduction to Financial Planning and Analysis
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
2. Transfer - regional institutions with which this course has a written articulation agreement:
III. Course Purpose
Program-Applicable Courses – This course is required for the following program(s):
Specialty Crops Management, Diploma
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Demonstrate written communication skills |
Write cash flow projections and develop a system for keeping written records |
| Analyze and follow a sequence of operations |
Develop cash flow projections, using production costs and returns |
| Utilize appropriate technology |
Evaluate computer technologies that will keep records and analyze the business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Interpret a business analysis
- Identify record system needs
- Learn about computer programs for record keeping
- Develop cash flow projections using production costs and returns
- Assess farm asset acquisition cash requirements
- Assess farm operating cash requirements
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Basic record system needs
- Systems for recording expenses and sales
- Income categories
- Expense categories
- Equipment depreciation
- Depreciation of orchards
- Business analysis
- Purpose of a business analysis
- Balance sheet
- Whole farm
- Enterprises
- Allocation between enterprises
- Whole farm profit and loss
- Profit and loss as defined by IRS
- Profit that takes into account debt servicing and capital purchases
- Balance sheet and business growth
- Financial goals and current year's profit
- Enterprise tables
- Income section
- Variable costs
- Fixed costs
- Other information
- Cash flow management strategies
- Estimated cash flow using projected sales and projected costs
- Debt service cash requirements
- Family living cash requirements
- Farm asset acquisition cash requirements
2. Laboratory/Studio Sessions
I. General Information
1. Course Title:
Introduction to Financial Planning and Analysis
2. Course Prefix & Number:
SCMT 1112
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course will introduce the student to the process of financial planning and analysis for the specialty crop business. Students will establish an effective record keeping system and learn how to use the information to plan cash flow needs and monitor the performance of the business.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 1112 - Introduction to Financial Planning and Analysis
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 1112 - Introduction to Financial Planning and Analysis
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
2. Transfer - regional institutions with which this course has a written articulation agreement:
III. Course Purpose
1. Program-Applicable Courses – This course is required for the following program(s):
Specialty Crops Management, Diploma
IV. Learning Outcomes
1. College-Wide Outcomes
| College-Wide Outcomes/Competencies |
Students will be able to: |
| Demonstrate written communication skills |
Write cash flow projections and develop a system for keeping written records |
| Analyze and follow a sequence of operations |
Develop cash flow projections, using production costs and returns |
| Utilize appropriate technology |
Evaluate computer technologies that will keep records and analyze the business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Interpret a business analysis
- Identify record system needs
- Learn about computer programs for record keeping
- Develop cash flow projections using production costs and returns
- Assess farm asset acquisition cash requirements
- Assess farm operating cash requirements
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Basic record system needs
- Systems for recording expenses and sales
- Income categories
- Expense categories
- Equipment depreciation
- Depreciation of orchards
- Business analysis
- Purpose of a business analysis
- Balance sheet
- Whole farm
- Enterprises
- Allocation between enterprises
- Whole farm profit and loss
- Profit and loss as defined by IRS
- Profit that takes into account debt servicing and capital purchases
- Balance sheet and business growth
- Financial goals and current year's profit
- Enterprise tables
- Income section
- Variable costs
- Fixed costs
- Other information
- Cash flow management strategies
- Estimated cash flow using projected sales and projected costs
- Debt service cash requirements
- Family living cash requirements
- Farm asset acquisition cash requirements
2. Laboratory/Studio Sessions