I. General Information
1. Course Title:
Advanced Financial Planning and Analysis
2. Course Prefix & Number:
SCMT 2127
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course provides students with a systematic method to assess specialty crop business enterprise strengths and weaknesses based on information obtained through computerized analysis of specialty crop business accounts. Students will learn how to use information from the analysis to make changes in their specialty crops business.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 2127 - Advanced Financial Planning and Analysis
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 2127 - Advanced Financial Planning and Analysis
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
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 |
Develop a written cash flow plan with written business records |
| Analyze and follow a sequence of operations |
Make decisions after looking at the yearly business analysis |
| Apply abstract ideas to concrete situations |
Analyze and make decisions for the business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Interpret a farm business analysis
- Interpret crop enterprise analysis
- Know different measures of farm profitability
- Know difference between a capital purchase and a yearly expense
- Identify the different cost centers of the business
- Decide whether or not to buy equipment or expand by using a business analysis
- Determine labor and equipment efficiencies with a business analysis
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Farm business analysis
- Farm profitability
- Profitability according to IRS
- Profitability with amortized equipment payments
- Profitability after loan payments
- Farm organization and management efficiency measures
- Capital purchases
- Yearly expenses
- Value added cost centers
- Crop enterprise analysis
- Cost of production for different crops
- Break even prices for different crops
- Building and real estate cost centers
- Capital purchases in perennial cropping systems
- Labor costs
- Unpaid family labor
- Hired labor
- Potential costs and returns for new equipment
- Depreciation costs vs. cash costs
- Reducing labor costs through new equipment
- Maintenance costs
- Machinery and equipment cost centers
I. General Information
1. Course Title:
Advanced Financial Planning and Analysis
2. Course Prefix & Number:
SCMT 2127
3. Course Credits and Contact Hours:
Credits: 2
Lecture Hours: 2
4. Course Description:
This course provides students with a systematic method to assess specialty crop business enterprise strengths and weaknesses based on information obtained through computerized analysis of specialty crop business accounts. Students will learn how to use information from the analysis to make changes in their specialty crops business.
5. Placement Tests Required:
| Accuplacer (specify test): |
No placement tests required |
Score: |
|
6. Prerequisite Courses:
SCMT 2127 - Advanced Financial Planning and Analysis
There are no prerequisites for this course.
9. Co-requisite Courses:
SCMT 2127 - Advanced Financial Planning and Analysis
There are no corequisites for this course.
II. Transfer and Articulation
1. Course Equivalency - similar course from other regional institutions:
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 |
Develop a written cash flow plan with written business records |
| Analyze and follow a sequence of operations |
Make decisions after looking at the yearly business analysis |
| Apply abstract ideas to concrete situations |
Analyze and make decisions for the business |
2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of
the course:
- Interpret a farm business analysis
- Interpret crop enterprise analysis
- Know different measures of farm profitability
- Know difference between a capital purchase and a yearly expense
- Identify the different cost centers of the business
- Decide whether or not to buy equipment or expand by using a business analysis
- Determine labor and equipment efficiencies with a business analysis
V. Topical Outline
Listed below are major areas of content typically covered in this course.
1. Lecture Sessions
- Farm business analysis
- Farm profitability
- Profitability according to IRS
- Profitability with amortized equipment payments
- Profitability after loan payments
- Farm organization and management efficiency measures
- Capital purchases
- Yearly expenses
- Value added cost centers
- Crop enterprise analysis
- Cost of production for different crops
- Break even prices for different crops
- Building and real estate cost centers
- Capital purchases in perennial cropping systems
- Labor costs
- Unpaid family labor
- Hired labor
- Potential costs and returns for new equipment
- Depreciation costs vs. cash costs
- Reducing labor costs through new equipment
- Maintenance costs
- Machinery and equipment cost centers