Farm Accounts

Description

Course Outcomes

SPECIFIC OUTCOME 1

Understand the reasons for the Profit and Loss Account as well as the analysis of the account with examples.

SPECIFIC OUTCOME 2

Understand the importance of records for the Profit and Loss Account such as the records of receipts, payments and cash analysis.

SPECIFIC OUTCOME 3

The learner will understand the Livestock Trading Account which is used as a very good management tool, as well as the Livestock Adjustment used in the Profit and Loss Account.

SPECIFIC OUTCOME 4

Understand the principles of loans and redemption on loans.

SPECIFIC OUTCOME 5

The learner will be able to understand depreciation as well as calculate the rates of depreciation.

SPECIFIC OUTCOME 6

Understand the workings of the Balance Sheet, the analysis of the Balance Sheet and the Balance Sheet ratios.

SPECIFIC OUTCOME 7

Understand the concept of return on capital which includes farm profitability, capital employed, profitability ratios and capital gearing.

SPECIFIC OUTCOME 8

Understand and identify capital and the many sources of capital available to farmers.

SPECIFIC OUTCOME 9

The learner will be able to complete Profit and Loss Accounts and Balance Sheets.

SPECIFIC OUTCOME 10

The learner will be able to analyse the Profit and Loss Account and the Balance Sheet for various examples using financial ratios.

4 Week course at 5 hours per week as a guide, but students can complete on own time

AGRISETA Accreditation is under the name Nosa Agricultural Services. Service provider code AGRI/c prov/0459/13