BEC-20806 Financial Management in Agriculture

Course

Credits 6.00

Teaching methodContact hours
Lectures18
Practical extensively supervised30
Self-study
Course coordinator(s)ir. GWJ Giesen
Lecturer(s)ir. GWJ Giesen
dr. ir. HW Saatkamp
Examiner(s)prof. dr. ir. AGJM Oude Lansink

Language of instruction:

English

Assumed knowledge on:

Introduction to Business Economics (BEC-10306) or equivalent

Continuation courses:

BEC-21306 Food Safety Economics; BEC-30306 Advanced Agricultural Business Economic; BEC-52806 Economics of Animal Health and Food Safety; BEC-50306 Advanced Financial Management

Contents:

This course gives an overview and insight in the economics of the farm business, with a focus on financial management and accounting. Like corporate managers, farm managers continuously have to make decisions and control their business. There is a need to adapt their business to the current external environment and to anticipate future internal and external developments. For this purpose farm managers need reliable financial data based on a well defined accounting system, a good analysis of these data and information for decision making. Also stakeholders like banks, suppliers, government etc. have interest in reliable data and information from farms. This course deals with the financial management and accounting of the farm business both from the perspective of the farm manager and the other stakeholders.

Learning outcomes:

After this course, students:
- know the different concepts and tools in financial management and accounting of the farm business;
- are able to apply these concepts and tools under different perspectives and problem areas.

Activities:

The course includes lectures, practicals and computer practicals.

Examination:

Written exam.

Literature:

- Barry, P.J. (2000). Financial management in agriculture; 6th edition, Danville, Illinois, Interstate Publishers, ISBN 0-8134-3176-x
- Readers with additional study material, handouts and practical exercises. For sale at WUR shop.

ProgrammePhaseSpecializationPeriod
Restricted Optional for: BBCManagement and Consumer StudiesBScA: Management Studies2AF
MMEManagement, Economics and Consumer StudiesMScD: Management, Innovation and Life Sciences2AF
MMEManagement, Economics and Consumer StudiesMScA: Management Studies2AF