Course Category: Farm Management
Price: R2,800.00 Incl. VAT
Financial records of the farm. The Profit and Loss Account and Balance Sheet. The Livestock Trading Account. Depreciation. Interest on and redemption of loans. Types and sources of capital.
Aligned to Unit Standard 116319 NQF Level 4 Credits 3
SPECIFIC OUTCOME 1
Understand the reasons for the Profit and Loss Account as well as the analysis of the account with examples.
SPECIFIC OUTCOME 2
Understand the importance records for the Profit and Loss Account such as the records of receipts, payments and cash analysis.
SPECIFIC OUTCOME 3
The learner will understand the Livestock Trading Account which is used as very good management tool as well as the Livestock Adjustment used in the Profit and Loss Account.
SPECIFIC OUTCOME 4
Understand the principles of loans and redemption on loans.
SPECIFIC OUTCOME 5
The learner will be able to understand depreciation as well as calculate the rates of depreciation.
SPECIFIC OUTCOME 6
Understand the workings of the Balance Sheet, the analysis of the Balance Sheet and the Balance Sheet ratios.
SPECIFIC OUTCOME 7
Understand the concept of return on capital which includes farm profitability, capital employed, profictability ratios and capital gearing.
SPECIFIC OUTCOME 8
Understand and identfity capital and the many sources of capital available to farmers.
SPECIFIC OUTCOME 9
The learner will be able to complete Profit and Loss Accounts and Balance Sheets for various from various examples.
SPECIFIC OUTCOME 10
The learner will be able to analyse the Profit and Loss Account and the Balance Sheet for various examples using financial ratios.