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Apr 28, 2024
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2022-2023 Catalog [ARCHIVED CATALOG]
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AGRI 210 - Management Methods for Agricultural Business
PREREQUISITES: AGRI 110 - Introductory Agricultural Business and Economics
PROGRAM: Agriculture
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2019
Examines the management of non-farm, agriculturally related businesses. Topics include tools for management decision making, legal forms of business organization, basics of accounting, and important financial management techniques. Case studies and computer simulation game.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:
- Gain awareness of an “agribusiness perspective.”
- Understand the size, nature, and importance of the agribusiness sector.
- Demonstrate correct use of specific management tools which measure performance and improve decision-making within an agribusiness firm.
- Demonstrate problem solving and decision-making skills though the use of case studies and computer simulation.
- Prepare and use a balance sheet to make business decisions.
- Prepare and use a cash income statement to make business decisions.
- Prepare and use a cash flow statement to make business decisions.
- Calculate and use various financial ratios to assist financial condition and performance.
- Use break even analysis to make business decisions.
- Use the profitability linkage model to improve performance.
- Understand how to use net present value and capital budgeting to make business decisions.
COURSE CONTENT: Topical areas of study include -
- Agribusiness sector
- Balance sheet
- Breakeven
- Decision-making procedures
- Income statement
- Profitability linkage model
- Tasks of management
- Statement of owner’s equity
- Time value of money
- Functions of management
- Cash flow statement
- Types of business organization
- Capital budgeting
- Management analysis (MC=MR)
- Financial ratios
Course Addendum - Syllabus (Click to expand)
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