FBM 175 Farm Business Records and Accounts I 2 credits. Covers a systematic approach to keeping accurate farm records by enterprise on the farm. This course offers the opportunity to place these records on a microcomputer for general farm use. Includes seminar modules of farm accounting procedures, account structure, enterprise accounting, audit trails, etc.; balance sheet and income statement; tax records; and crop records.
FBM 176 Farm Business Records and Accounts II 3 credits. Continues work begun in FBM 175. New seminar modules include livestock records, written communications, word processing, and decision making. PREREQ: FBM 175.
FBM 177 Farm Business Analysis and Evaluation I 2 credits. Covers a study of records kept by enterprise in the preceding and current year. Analyzes students finances and evaluates current management strengths and weaknesses and develops alternatives to current agricultural practices if the need arises. Seminar modules include business law, electronic spreadsheets, micro-economics, and macro-economics. PREREQ: FBM 175 and 176.
FBM 178 Farm Business Analysis and Evaluation II 3 credits. Continues work begun in FBM 177. New seminar modules introduced are financial ratio analysis, strategic planning and goal setting, cash flow budgeting and depreciation. PREREQ: FBM 177.
FBM 281 Farm Business Organization I 2 credits. Covers an analysis and evaluation of the previous two year's records and the current year's records. Students work with partial budgets, risk-taking opportunities, and preparation of various financial statements. Seminar modules include time value of money, insurance, forecasting procedures, and lease or buy decisions. PREREQ: FBM 178.
FBM 282 Farm Business Organization II 3 credits. Continues work begun in FBM 281. New seminar modules include supervision and motivation; futures, hedging, and options; using credit; and machinery and equipment management. PREREQ: FBM 281.