FBMT 1131 Managing and Modifying Farm System Data
Course Information
| Course Number | FBMT 1131 |
|---|---|
| Course Title | Managing and Modifying Farm System Data |
| Description | This course will help students refine their farm business data system and assist them in applying year-end procedures for farm business analysis. Students improve accuracy in the following areas: farm enterprise analysis, tax planning, data filing, and cash and liability checks. (Prerequisites: None) |
| Total Credits | 4 |
| Total Hours | 16 |
| Instruction Type | Credits and Hours |
|---|---|
| Individualized | 4 Credits, 16 Hours |
Pre/Corequisites
None
Institutional Core Competencies
- Critical and Creative Thinking - Students will be able to demonstrate purposeful thinking with the goal of using a creative process for developing and building upon ideas and/or the goal of using a critical process for the analyzing and evaluating of ideas.
Course Competencies
- Prioritize areas of risk.
- Refine method(s) of recording family living expenses and nonfarm business transactions.
- Apply goals to business planning processes.
- Analyze the advantages and disadvantages of capital asset ownership.
- Organize paid and unpaid labor and management resources for the farm business.
- Design a production input acquisition plan.
- Audit financial data using cash and liability accuracy checks.
- Determine pre-payment options and implications.
- Apply marketing strategies to tax planning.
- Compare business analysis with regional averages.
- Devise a data filing system.
- Analyze a tax estimate for the business.
SCC Accessibility Statement
South Central College strives to make all learning experiences as accessible as possible. If you have a disability and need accommodations for access to this class, contact the Academic Support Center to request and discuss accommodations.
North Mankato: Room B-132, (507) 389-7222; Faribault: Room A-116, (507) 332-7222.
Additional information and forms can be found at: southcentral.edu/disability
This material can be made available in alternative formats by contacting the Academic Support Center at 507-389-7222.