No offerings have been identified for this subject in 2015
AGB125 Financial Planning for Agriculture (8)
Abstract| Students are introduced to the procedures used in evaluating and analysing the financial operation of sole proprietorship agricultural production businesses. Financial and management accounting techniques are used and performance indicators derived and applied to financial results. The subject has been designed to be adaptable to the needs of students irrespective of the agricultural industry with which they most closely affiliate. |
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+ Subject Availability Modes and Location
Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: AGB125
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
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Subject information| Duration | Grading System | School: |
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| One session | HD/FL | School of Rural Management |
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Learning OutcomesUpon successful completion of this subject, students should:
Be able to:
Identify the financial resources and the management goals as they relate to a specified agricultural business.
Explain the meaning of, discuss the relationship between, and correctly identify within agricultural case studies, the following financial terms: assets, liabilities, equity, income, and expenses.
Explain the purpose of, discuss the relationship between, and derive the following financial reports for agricultural case studies: cash flow statements, trading accounts, enterprise schedules, gross margins and enterprise contributions, depreciation schedules, profit and loss statements, and balance sheets.
Utilise the above financial reports to analyse and monitor the cash and profit position of the agricultural business.
Analyse given information regarding financial transactions, analyse the effect of such transactions on the financial performance and position of an agricultural business.
Utilise financial performance indicators to analyse the profitability, liquidity and long term stability of the agricultural business. Construct and utilise computerised spreadsheets suitable for the elementary evaluation and analysis of an agricultural business's financial performance.
Identify and assess the sensitivity of specific financial and physical performance variables which may require the attention of management.
Derive enterprise gross margin budgets and whole farm cash flow budgets, and discuss this role and importance in the management of agricultural businesses.
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SyllabusThe subject will cover the following topics:
Agricultural management goals.
Balance sheets.
Trading accounts.
Enterprise inventory schedules.
Cashflow statements.
Depreciation schedules.
Profit and loss statements.
Gross margin statements and enterprise contributions.
Financial performance indicators.
Financial performance analysis, including benchmarking analysis.
Spreadsheet applications.
Gross margin budgeting.
Cash flow budgeting.
Variance analysis for financial control.
Sensitivity assessment.
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The information contained in the 2015 CSU Handbook was accurate at the date of publication: 01 October 2015. The University reserves the right to vary the information at any time without notice.
