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AEA306Agricultural Sciences2 Unitsintermediate

Farm Record And Accounting

This course introduces students to the fundamental principles of farm records and accounting. It covers the meaning and scope of farm records, bookkeeping, and accounting practices. Students will learn to analyze farm records, understand trial balances, and prepare final accounts. The course emphasizes the importance of accurate record-keeping for sustainable agricultural development and efficient farm management. It also explores computerized methods for farm record-keeping and accounting.

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195h

Study Time

13

Weeks

15h

Per Week

basic

Math Level

Course Keywords

Farm RecordsAccountingBookkeepingTrial BalanceFinal Accounts

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

➕

Math Level

Basic Math

🔬

Learning Type

Hands-on Practice

Course Topics

Key areas covered in this course

1

Farm Records

2

Bookkeeping

3

Accounting Systems

4

Trial Balance

5

Final Accounts

6

Computerized Accounting

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Farm Manager

Apply your skills in this growing field

Agricultural Economist

Apply your skills in this growing field

Accountant

Apply your skills in this growing field

Agricultural Extension Officer

Apply your skills in this growing field

Agribusiness Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureAgribusinessFarm ManagementFinancial ServicesConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Farm Records

3h

Unit 1: Meaning and Scope of farm records

3 study hours

•Define farm records
•Explain the scope of farm records
•Understand the importance of accurate record keeping

Week

2

Module 1: Farm Records

3h

Unit 2: Types and uses of farm records

3 study hours

•Identify different types of farm records
•Explain the uses of each type of farm record
•Analyze examples of farm record formats

Week

3

Module 1: Farm Records

3h

Unit 3: Developing and improving farm records

3 study hours

•Describe methods for developing effective farm records
•Explain how to improve existing farm record-keeping systems
•Compare manual and computerized record-keeping

Week

4

Module 1: Farm Records

3h

Unit 4: Analyzing Farm Records

3 study hours

•Apply financial analysis tools to farm records
•Interpret balance sheets, income statements, and cash flow statements
•Evaluate farm profitability and financial health

Week

5

Module 1: Farm Records

3h

Unit 5: Computerized Farm Record keeping

3 study hours

•Identify suitable software for farm record keeping
•Explain the advantages and disadvantages of computerized systems
•Select appropriate software based on farm needs

Week

6

Module 2: Bookkeeping and Accounting

3h

Unit 1: Meaning and scope of bookkeeping

3 study hours

•Define bookkeeping and its scope
•Distinguish between bookkeeping and accounting
•Describe the various books used for bookkeeping

Week

7

Module 2: Bookkeeping and Accounting

3h

Unit 2: Book keeping

3 study hours

•Identify the role of a bookkeeper
•Explain different bookkeeping systems
•Apply single-entry and double-entry bookkeeping methods

Week

8

Module 2: Bookkeeping and Accounting

3h

Unit 3: System of farm Accounting

3 study hours

•Define farm accounting
•Explain the different systems of farm accounting
•Apply farm income statement, trading account, and balance sheet

Week

9

Module 2: Bookkeeping and Accounting

3h

Unit 5: Computerized Farm Accounting

3 study hours

•Explain how to accomplish farm accounting electronically
•Use farm funds software
•Integrate field records, herd management records, and mapping

Week

10

Module 3: Trial Balance and final Accounts

3h

Unit 1: Meaning and scope of Trial Balance

3 study hours

•Define trial balance and its scope
•Explain the purpose of trial balance
•Construct a trial balance

Week

11

Module 3: Trial Balance and final Accounts

3h

Unit 2: Limitations and common errors of Trial Balance

3 study hours

•Identify the limitations of trial balance
•Explain common errors in trial balance
•Correct errors in the trial balance

Week

12

Module 3: Trial Balance and final Accounts

3h

Unit 3: Final Accounts

3 study hours

•Explain the concept of final accounts
•Prepare the various accounts that make up the final accounts
•Understand the purpose of each final account

Week

13

Module 3: Trial Balance and final Accounts

3h

Unit 3: Final Accounts

3 study hours

•Explain the necessary adjustments in the final accounts
•Apply adjustments for depreciation, bad debts, and accrued expenses
•Prepare adjusted final accounts

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a detailed study schedule allocating time for each module and unit

2

Review all self-assessment exercises and tutor-marked assignments

3

Practice preparing financial statements (trading account, profit and loss account, balance sheet) using different datasets

4

Focus on understanding the underlying principles of each accounting concept rather than memorizing formulas

5

Pay close attention to the adjustments required in final accounts and practice applying them

6

Create concept maps linking Units 3-5 database concepts

7

Practice SQL queries from Units 7-9 weekly

8

Review all TMAs

9

Focus on key concepts

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