Program Overview

AHT231 Agricultural Finance and Business Management

AHT231 Agricultural Finance and Business Management is a university program that introduces students to the procedures used in evaluating and analysing the financial operation of sole proprietorship agricultural production businesses. Financial and management accounting techniques are used, and performance indicators are derived and applied to financial results. The subject is designed to be adaptable to the needs of students irrespective of the agricultural industry with which they most closely affiliate. This subject also aims at introducing the taxation system in Australia and investment appraisals. The subject material is applied to businesses involved in various agricultural enterprises, equine sector, and viticulture.

Subject Outlines

The subject outlines provide an overview of the program's structure and content. Current students can view subject outlines for recent sessions, which include updated subject outlines and assessment tasks.

Availability

The program is available in two modes:

• On Campus: CY O'Connor - Muresk Institute, Wagga Wagga Campus
• Online: Wagga Wagga Campus

Continuing students should consult the SAL for current offering details, where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

The grading system used is HD/FL.

Duration

The program duration is one session.

School

The program is offered by the School of Agricultural and Wine Sciences.

Learning Outcomes

Upon successful completion of this subject, students should be able to:

• Identify the financial resources and demonstrate an understanding of the financial management objectives of agricultural business
• Construct, analyse, and interpret the meaning of biophysical and financial statements that define the performance of an agricultural business
• Utilise financial performance indicators to analyse the profitability, liquidity, and long-term stability of an agricultural business
• Apply marginal and sensitivity analysis in an agricultural business context
• Demonstrate an understanding of business structures and apply taxation procedures within the context of a small agribusiness
• Apply interest rate and discounting procedures for the purpose of financing and evaluating an agricultural business project

Syllabus

This subject will cover the following topics:

• Agricultural management goals
• Balance sheets
• Trading accounts
• Enterprise inventory schedules
• Cashflow statements
• Depreciation schedules
• Profit and loss statements
• Gross margin statements and partial budgeting enterprise contributions
• Financial performance indicators
• Income taxation and taxation in specific areas
• Interest rate procedures and annuities
• Discounted cash flow techniques to evaluate investment projects