FBMT 2142 Interpreting Trends in Business Planning
Course Information
| Course Number | FBMT 2142 |
|---|---|
| Course Title | Interpreting Trends in Business Planning |
| Description | This course examines whole farm, enterprise, balance sheet, and inventory trends. Current analysis data is compared to historical data in making future farm business planning decisions. Financial ratios are used to indicate the farm financial structure. (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
- Revise financial accounting system(s) for effectiveness and accuracy.
- Compare historical farm data with projected cash flow plans.
- Analyze farm financial measures.
- Interpret trend data for farm business decision-making processes.
- Analyze current working capital position and working capital trend history.
- Analyze current debt to asset percentage and debt to asset trend history.
- Refine business goals in the development of cash flow planning.
- Refine family and personal goals in the development of cash flow planning.
- Compare trend data of current inventories to the current year's balance sheet.
- Integrate risk management and farm production plans.
- Examine trend data to modify farm marketing strategies.
- Utilize the farm analyses to improve its business organization and efficiency.
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.