I. General Information

1. Course Title:
Applied Financial Management Relates Risk Management

2. Course Prefix & Number:
FBMA 2931

3. Course Credits and Contact Hours:

Credits: 3

4. Course Description:

This course is intended to have the student apply concepts in financial management that can be used in the development of a business risk management program. The student is to implement risk management tools that will assist in meeting business, family and personal needs.

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):

Advanced 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	Assess and contrast enterprise analysis data to determine areas of risk exposure.
Utilize appropriate technology	Use software to analyze enterprise data.
Work as a team member to achieve shared goals	Conduct team meetings with involved members of the operation to achieve operation goal.

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

• Implement risk management strategies that will meet the goals of the business risk management program;
• Evaluate information gained from analyzing historical business data in determining risk;
• Apply knowledge gained from analyzing historical business data in determining risk in the business;
• Interpret use of risk management tools that will address risk factors effecting the business;
• Implement a modified management structure for the business that will benefit in reducing business risk;
• Design a risk management program that meets business, family & financial goals;
• Choose enterprise analysis data in decision-making process of determining risk management needs;
• Utilize farm financial ratios of the business in development of risk management program; and
• Utilize financial trends in the development of a risk management program.

 

V. Topical Outline

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

1. Lecture Sessions

1. Implement risk management strategies that will meet the goals of the business risk management program
• Apply information gained from analyzing of historical business data in determine risk
  Apply knowledge gained from analysis of historical business data in determining risk in the business
2. Implement use of risk management tools that will address risk factors effecting the business
• Develop a risk management program that meets business, family & financial goals
  Utilize farm financial ratios of the business in development of risk  management program
  Apply enterprise analysis data in decision-making process of determining risk  management needs
3. Implement a modified management structure for the business that will benefit in reducing business risk
• Utilize financial trends in the development of a risk management program