I. General Information

1. Course Title:
Fundamentals of Financial Mgmt/Bus Plan Emphasis

2. Course Prefix & Number:
FBMA 2934

3. Course Credits and Contact Hours:

Credits: 3

4. Course Description:

This course will provide practical application of the business plan. Application skills will be practiced and applied as the student's business plan is prepared and implemented.

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:
Demonstrate oral communication skills	Describe the business plan.
Demonstrate written communication skills	Create a written business plan.
Analyze and follow a sequence of operations	Describe the steps necessary to create a business plan.

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

• Complete the analysis of their business;
• Interpret the analysis information to determine the business cash needs for the upcoming production year;
• Revise the cash flow plan after the completion of the annual analysis;
• Evaluate the need to monitor and adjust the plan on a regular basis;
• Justify the business plan in a manner that will allow for informed decision making;
• Determine the strengths and weaknesses of the business;
• Evaluate the vision statement and revise as necessary for the continuation of the business;
• Evaluate the mission statement and revise as necessary;
• Determine what changes to make in the business in order to better compete in today’s market place; and
• Develop a business plan.

 

V. Topical Outline

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

1. Lecture Sessions

1. Complete the analysis of their business
• Use the analysis information to determine the business cash needs for the upcoming production year
• Revise and rework their plan after the completion of the annual analysis
2. Use the business plan in a manner that will allow for decision making in a correct business sense
• Recognize the need to monitor and reevaluate the plan on a regular basis
• Determine what changes to make in their business in order to better compete in today’s market place
3. Steps for developing and/or modifying a business plan
• Determine the strengths and weaknesses of their business
• Evaluate the vision statement and revise as necessary for the continuation of their business
• Evaluate the mission statement and revise as necessary