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Course Info

  • ESTATE BUDGETING AND ACCOUNTING

ESTATE BUDGETING AND ACCOUNTING

About this Course

This course will provide students an overview of the basic concepts and practices of budgeting, accounting and other parts of financial management and management control. Students develop the analytical and operational skills to analyze different kinds of budgets and to understand a plantation sector organization from a budgetary perspective. The course covers the entire budgetary process, including budget formulation and execution, program development, cost and revenue estimation, budget tactics, and budget evaluation. Students also gain some basic understanding of plantation sector accounting concepts, particularly by learning and practicing the main content and structure of the income statement, the balance sheet and the cash flow statement, including their interrelationships. Examples from a range of plantation sector experiences are woven into the course to illustrate the issues involved and to examine the connections between financial control systems and the purposes of an organization.

Course Syllabus

Syllabus Info
Balance sheet and its analysis
- Purpose of balance sheet
- Balance sheet format
- Asset valuation
- Cost basis versus market basis balance sheet

Income statement and its analysis
- Identifying revenue and expenses
- Depreciation
- Income statement format
- Accrual adjustment to cash basis income statement
- Analysis of net estate income
- Change in owner equity
- Statement of cashflow

Enterprise budget
- Purpose and use of enterprise budget
- Constructing a crop enterprise budget
- Interpreting and analyzing enterprise budget

Partial budgeting
- Uses of partial budget
- Partial budgeting procedure
- Partial budget format
- Limitation of partial budget

Whole farm planning
- What is whole farm planning
- Planning procedure
- Factor to consider when computing changes

Cash flow budgeting
- Features of cash flow budget
- Constructing cash flow budget
- Uses of cash flow budget
- Monitoring actual cash flow
- Investment analysis using cash flow

Frequently Asked Questions

Course FAQ
Q1 : Do you understand the overall topics that has been prepared?
A1 : Yes