Course Number and Title:
AGS 209 Farm Records and Accounts
Prerequisites
Prerequisite: AGS 104
Course Credits and Hours
3 credit(s)
3 lecture hours/week
0 lab hours/week
Course Description
This course examines record keeping and accounting procedures as they apply to the production and marketing of agricultural products.
Core Course Performance Objectives (CCPOs)
- Appraise personal finance management. (CCC 1, 2, 4, 5, 6; PGC BMT 2, 3, 4, 5)
- Evaluate inventory, balance sheets, and income statement functions. (CCC 1, 2, 4, 5, 6; PGC BMT 2, 3, 4, 5)
- Interpret accounting procedures involved in planning and decision-making. (CCC 1, 2, 4, 5, 6; PGC BMT 2, 3, 4, 5)
- Assess borrowing, investing, and taxes as related to agribusiness. (CCC 1, 2, 4, 5, 6; PGC BMT 2, 3, 4, 5)
See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.
Measurable Performance Objectives (MPOs)
Upon completion of this course, the student will:
- Examine financial management practices.
- Create a budget to accomplish given financial objectives.
- Evaluate reasons for savings and investments.
- Compare types of credit used to finance an agribusiness.
- Differentiate between secured and unsecured loans.
- Evaluate inventory, balance sheets, and income statement functions.
- Assess the importance of accurate inventory.
- Select assets to be included in inventory.
- Create methods used to determine the depreciated or market value of a list of assets.
- Examine the purpose of a balance sheet.
- Categorize the structure and major components of a balance sheet.
- Formulate and use an income statement to analyze a business.
- Apply accounting procedures involved in planning and decision-making.
- Discuss the steps for preparing a budget.
- Identify the elements of a cash flow statement.
- Evaluate income statements for a fiscal year.
- Examine borrowing, investing, and taxes as related to agribusiness.
- Compare types of capital to finance an agribusiness.
- Measure the cost of borrowing.
- Estimate a state and/or federal tax return used in agribusiness.
- Compare tax deductible and non-tax deductible business expenses.
Evaluation Criteria/Policies
The grade will be determined using the Delaware Tech grading system:
| 90-100 |
= |
A |
| 80-89 |
= |
B |
| 70-79 |
= |
C |
| 0-69 |
= |
F |
Students should refer to the
Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.
Final Course Grade
Calculated using the following weighted average
|
Evaluation Measure
|
Percentage of final grade
|
|
Exams (4-6) (summative) (equally weighted)
|
20%
|
|
Quizzes (summative) (equally weighted)
|
10%
|
|
Financial documents (summative) (equally weighted)
|
20%
|
|
Project (summative)
|
20%
|
|
Assignments/Activities/Discussion Board posts (formative) (equally weighted)
|
30%
|
|
TOTAL
|
100%
|
Program Graduate Competencies (PGCs are the competencies every graduate will develop specific to his or her major)
AGSAASBMT
- Distinguish among business career areas in agribusiness.
- Examine current agricultural issues.
- Prepare a business plan for an agricultural enterprise.
- Apply management theories to agricultural business operations through practical experience.
- Apply basic recordkeeping and accounting procedures to agribusiness operations.
Core Curriculum Competencies (CCCs are the competencies every graduate will develop)
- Apply clear and effective communication skills.
- Use critical thinking to solve problems.
- Collaborate to achieve a common goal.
- Demonstrate professional and ethical conduct.
- Use information literacy for effective vocational and/or academic research.
- Apply quantitative reasoning and/or scientific inquiry to solve practical problems.
Students in Need of Accommodations Due to a Disability
We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.