I. General Information

1. Course Title:
Fundamentals of Financial Management Relates Risk Management

2. Course Prefix & Number:
FBMA 2930

3. Course Credits and Contact Hours:

Credits: 3

4. Course Description:

This course enhances the student’s decision-making skills relating to business risk management. The student will further investigate tools available to their business that would be effective in reducing potential risk for their operation. Emphasis will be placed on having the student research risk management options that will meet their business, family, and personal needs.

5. Placement Tests Required:

Accuplacer (specify test):

No placement tests required

Score:

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 written communication skills	Identify risk management tools.
Analyze and follow a sequence of operations	Identify steps to limit risk management in their business.
Utilize appropriate technology	Effectively use electronic marketing aids.

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

• Implement methods of monitoring enterprise budgets/plans to enhance their risk management program;
• Adopt strategies to assist in anticipating business risk;
• Examine methods of determining the ability to absorb risk;
• Examine methods of determining business risk;
• Evaluate risk factors affecting the farm operations;
• Analyze management and business structure to determine if modification is beneficial in reducing risk;
• Revise business, family, and financial goals to help explore risk management techniques;
• Interpret enterprise analysis historical data to enhance decision-making process in risk management strategy; and
• Utilize their farm financial ratios to assist in determining risk management needs.

V. Topical Outline

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

1. Lecture Sessions

1. Clarify options for managing business risk

• Implement methods of monitoring enterprise budgets / plans to enhance their risk management program
• Adopt strategies to assist in anticipating business risk

2. Utilize business data in determining the ability to absorb risk

• Analyze financial records of the business to develop a baseline for decisions
• Examine methods of determining business risk

3. Evaluate risk factors affecting the farm operations

• Analyze management and business structure to determine if modification is beneficial in reducing risk
• Readdress business, family, and financial goals to help explore risk management techniques

4. Interpret enterprise analysis historical data to enhance decision making process in risk management strategy

• Utilize their farm financial ratios to assist in determining risk management needs
• Examine financial trends to determine future bearing capabilities