Student Learning Outcomes

This course will help the student refine their farm business data system and assist them in applying year end procedures for farm business analysis. Students improve accuracy in the following: farm enterprise analysis, tax planning, data filing, and cash and liabilities checksStudent Learning Outcomes
  • 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

Prerequisites

Please see eServices for section availability and current pre-req/test score requirements for this course.