Farm Management Records And Accounts

1. Understand the principles of farm record keeping and accounting.
2. Prepare and interpret financial statements for farm businesses.
3. Apply financial ratios to analyze farm performance.
4. Develop farm plans and budgets for efficient resource allocation.
5. Manage farm labor effectively to improve productivity.
6. Conduct feasibility studies for new farm ventures.

13 weeks, about 46 hours in total. Yours will differ.

1. Week 1Module 1: Farm Recordkeeping

   • Unit 1: Introduction · 2 hours

     Understand the definition of farm record keeping and its importance.. Identify different types of farm records: inventory, production, expenditure, and supplementary..

   • Unit 2: Types of Farm Records · 2 hours

     Learn about inventory records and their role in tracking farm assets and liabilities.. Differentiate between assets and liabilities with examples..

2. Week 2Module 1: Farm Recordkeeping

   • Unit 2: Types of Farm Records · 2 hours

     Explore production records and their importance in tracking inputs and outputs.. Understand how to record livestock data: feeds, weight gains, eggs, death rate, birth, milk production..

   • Unit 2: Types of Farm Records · 2 hours

     Learn about expenditure and income records and their role in daily management decisions.. Understand special or supplementary records: farm maps, soil maps, legal documents..

3. Week 3Module 1: Farm Recordkeeping

   • Unit 3: Why Do We Keep Farm Record · 3 hours

     Understand the reasons for keeping farm records: business success, production recommendations, research, policy making.. Learn about the basic information required for farm records: farm map, labor, supplies, output, non-farm activities..

4. Week 4Module 2: Concept of Book Keeping

   • Unit 1: Introduction · 2 hours

     Understand the concept of bookkeeping and its role in farm management.. Differentiate between bookkeeping and accounting..

   • Unit 2: Objectives · 2 hours

     Identify the various books used for bookkeeping: principal books, subsidiary books, statistical books.. Learn about ledgers, cash books, and books of original entry..

5. Week 5Module 3: Financial Statement

   • Unit 1: Introduction · 3 hours

     Explore the concept of financial statements and their importance in recording financial transactions.. Understand the different financial statements: balance sheet, profit and loss account, retained earnings, cash flow statement, trading account..

6. Week 6Module 4: Financial Ratios

   • Unit 1: Introduction · 3 hours

     Understand the meaning of financial ratios and their use in evaluating business performance.. Identify the types of financial ratios: liquidity, profitability, leverage, and efficiency ratios..

7. Week 7Module 4: Financial Ratios

   • Unit 3: Types of Financial Ratios · 3 hours

     Learn about liquidity ratios: current ratio, net capital ratio, quick ratio, cash total assets ratio, sales to receivable ratio, days' receivable ratio, cost of sales payable ratio, cash turnover ratio.. Practice calculating liquidity ratios using sample data..

8. Week 8Module 4: Financial Ratios

   • Unit 3: Types of Financial Ratios · 3 hours

     Explore profitability ratios: gross profitability, net profitability, return on investment, earnings per share, investment turnover, sales per employee.. Practice calculating profitability ratios using sample data..

9. Week 9Module 4: Financial Ratios

   • Unit 3: Types of Financial Ratios · 3 hours

     Understand leverage ratios: debt to equity ratio, debt ratio, fixed to worth ratio, interest coverage.. Learn about efficiency ratios: annual inventory turnover, inventory holding period, inventory to assets ratio, accounts receivable turnover, collection period..

10. Week 10Module 5: Farm Planning

    • Unit 1: Introduction · 2 hours

      Understand the meaning and objectives of farm planning.. Learn about the importance of farm planning in achieving farming objectives..

    • Unit 4: Importance of Farm Planning · 2 hours

      Identify the steps in farm planning: farm layout, recording farm history, planning labor requirements, land use, livestock program, marketing of produce.. Understand the importance of resource allocation and decision-making in farm planning..

11. Week 11Module 6: Farm Budgeting

    • Unit 1: Introduction · 2 hours

      Understand the basic concept of farm budgeting and its advantages.. Learn about the pre-requisites for farm budgeting: objectives, resources, land size, livestock, inputs, outputs, prices..

    • Unit 3: Advantages · 2 hours

      Identify the steps in farm budgeting: goals, resources, current use, gross production, income and expenditure, input-output analysis, comparison, weakness analysis, alternative plans.. Explore methods of budgeting: complete budgeting and partial budgeting..

12. Week 12Module 7: Farm Labour Management

    • Unit 1: Introduction · 2 hours

      Understand the meaning, types, and components of labor in agricultural production.. Learn about the characteristics of agricultural labor: mobility, indivisibility, consent, coordination, loss, abnormal supply curve, wages..

    • Unit 3: Characteristics of Agricultural Labour · 2 hours

      Demonstrate the methods and procedures for measuring labor efficiency: value of farm production per person, labor cost per tillable area, tillable areas per person, work units per person.. Suggest ways to improve labor efficiency: organization, supervision, incentives..

13. Week 13Module 8: Feasibilty Studies and Farm Survey

    • Unit 1: Introduction · 2 hours

      Understand the meaning and importance of feasibility study.. Know how to prepare a feasibility study and report.. Identify the components of a feasibility study: business description, market feasibility, technical feasibility, organizational feasibility, conclusions..

    • Unit 1: Introduction · 2 hours

      Understand the meaning and the importance of farm survey and identify farm survey equipment and how to use it.. Learn about elementary instruments used measuring distance in farm survey: chain and tape, measuring rod, plumb bob, carpenter level, ranging poles, pegs..