Module Details

Module Code: AGRI7003
Title: Agri Financial Management
Long Title: Agri Financial Management
NFQ Level: Intermediate
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3440 - Accounting, Auditing and Accountability
Module Delivered in: 2 programme(s)
Module Description: The student will understand and apply the concepts of budgeting, setting targets, capital investment appraisal and working capital management as well as manipulation of data in spreadsheets.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Complete various budgets for an agribusiness organisation.
LO2 Set targets involving identifying and analysing variances.
LO3 Evaluate capital investment proposals.
LO4 Evaluate short term decision making scenarios.
LO5 Create data and reports in spreadsheets.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Budgeting
Preparing cash budgets, preparing production budgets, incorporating material usage/purchases and labour cost budgeting.
Standard costing
Setting standards, measuring performance and identifying variances. Reconciling targets with actual performance. Identifying causes of variances.
Capital investment appraisal
Investigating capital investment proposals using payback, net present value and accounting rate of return as appraisal methods.
Short-term decision making
Evaluating relevant costs and revenues for tactical short term decisions.
Spreadsheets
Creation and manipulation of data in spreadsheets including inputting and formatting financial data, filters, pivot tables and graphing.
Module Content & Assessment
Assessment Breakdown%
Coursework40.00%
End of Module Formal Examination60.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 20
Timing Week 8 Learning Outcomes 1,2,3
Assessment Description
A selection of short theory and calculation based questions.
Assessment Type Practical/Skills Evaluation % of Total Mark 20
Timing Week 12 Learning Outcomes 5
Assessment Description
Lab based spreadsheet exam.
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 60
Timing End-of-Semester Learning Outcomes 1,2,3,4
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lectures Every Week 3.00 3
Lab Contact Computer lab Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Selected articles and practical exercises Every Week 3.00 3
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Formal lectures Every Week 1.50 1.5
Lab Contact Computer lab Every Week 0.50 0.5
Independent & Directed Learning (Non-contact) Non Contact Selected articles and practical exercises Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Gail Sheppard. (2011), Management Accounting - A Practical Approach, Gill & Macmillan, p.304, [ISBN: 9780717149964].
  • Alan Dillon. (2014), Step by step spreadsheets, 3rd. Gill & Macmillan, p.384, [ISBN: 9780717160440].
Supplementary Book Resources
  • Peter Atrill, Eddie McLaney. (2014), Accounting and Finance for Non-Specialists, 9th. Pearson, p.600, [ISBN: 9781292062716].
  • Paul O'Meara, Thomas Power, Stephen Walsh. (2009), Financial Management, 3rd. Gill & Macmillan Ltd, p.656, [ISBN: 9780717145546].
  • Colin Drury. (2015), Cost and Management Accounting, 8th. Cengage Learning, p.512, [ISBN: 9781408093887].
  • John R. Dyson. (2010), Accounting for non-accounting students, 8th. Financial Times/Prentice Hall, p.519, [ISBN: 9780273722977].
Supplementary Article/Paper Resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BAGRI_7 Bachelor of Science in Agriculture 6 Mandatory
CR_BHORT_7 Bachelor of Science in Horticulture 6 Mandatory