Farm Management Essential Course

• • • To appreciate the value of establishing and selecting an accounting systems
    • To outline the concepts of cash and accrual accounting
    • To review some recommendations of the farm financial standards council
    • To introduce some financial records

CONTENT

• • • Strategies Planning
    • Production
    • Farm operations
    • Strategic farm management
    • Purpose and use of records
    • Farm business activities
    • Marketing strategies
    • Farm finances
    • Managing risk
    • Basic accounting terms
    • Options in choosing an accounting system
    • Basics of cash accounting
    • A cash versus accrual example
    • Farm financial standards council recommendations chart of accounts
    • Output from an accounting systems

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.