Module Details

Module Code: AGRI6014
Title: Land Business Management
Long Title: Land Business Management
NFQ Level: Fundamental
Valid From: Semester 1 - 2021/22 ( September 2021 )
Duration: 1 Semester
Credits: 5
Field of Study: 6210 - Agriculture
Module Delivered in: 3 programme(s)
Module Description: This module includes the interpretation of accounts, examines the role of taxation, succession plans, feasibility studies, rural enterprises and spreadsheet packages.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Conduct a business feasibility study.
LO2 Explore the role of taxation for a business.
LO3 Analyse and interpret financial statements.
LO4 Examine and devise a succession plan.
LO5 Explore possible alternative rural enterprises and employment opportunities.
LO6 Utilise a spreadsheet package for cash flow forecasting.
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
Business Planning Feasibilty Study
Key components of a feasibility plan incorporating cash flow forecasting, capital budgeting and accessing sources of credit.
Taxation
Introduction to computing taxation and the role of tax planning, PAYE, VAT, Capital Gains and Capital Acquisitions Tax.
Interpretation and analysis of business accounts
Vertical and horizontal analysis, Income Statement ratios, Balance Sheet ratios, interpretation of ratios, limitations of ratios and primary users of financial statement analysis.
Enterprise
Identifying alternative enterprises, planning and managing alternative enterprises. Characteristics of entrepreneur, advantages of own business, reasons for failure.
Succession & Inheritance
Management and financial considerations, land ownership and title and Succession Act.
Business Planning Software
Use of computer software spreadsheet package.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Short Answer Questions % of Total Mark 25
Timing Week 6 Learning Outcomes 3
Assessment Description
Multiple Choice Questions & Short Answer Questions
Assessment Type Short Answer Questions % of Total Mark 25
Timing Week 8 Learning Outcomes 1
Assessment Description
Short Answer and Multiple Choice Questions
Assessment Type Practical/Skills Evaluation % of Total Mark 20
Timing Week 12 Learning Outcomes 6
Assessment Description
Practical Spreadsheet Examination incorporating cash flow forecasting
Assessment Type Project % of Total Mark 30
Timing Week 13 Learning Outcomes 1,2,4,5
Assessment Description
Project including succession and business planning incorporating taxation implications
No End of Module Formal 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 Business planning Every Week 1.00 1
Independent & Directed Learning (Non-contact) Non Contact Students are expected to do an additional three hours of self-directed independent learning weekly. The lecturer will at times indicate to students areas they should pay particular attention to. 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 Theory Every Week 1.50 1.5
Lab Contact Business planning Every Week 0.50 0.5
Independent & Directed Learning (Non-contact) Non Contact Students are expected to do an additional five hours of self-directed independent learning weekly. The lecturer will at times indicate to students areas they should pay particular attention to. 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
  • Marie Dorgan. Course Handbook, MTU.
  • Teagasc. (2015), Farm Succession and Transfer Guide, Teagasc.
Supplementary Book Resources
  • Colin Drury. (2019), Management Accounting for Business, Cengage Learning Business Press, [ISBN: 9781473749115].
  • Terry Lucey. (2009), Costing, 7th. Cengage Learning, p.578, [ISBN: 9781844809431].
  • Harrison, Horngren, Thomas. (2015), Financial Accounting, 10th. Prentice Hall, US, p.864, [ISBN: 9780133768770].
  • Agricultural Consultants Association. Farmers Handbook, Agricultural Consultants Association.
  • Teagasc. Farmer Succession and Inheritance MM0208, Teagasc.
Recommended Article/Paper Resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BAGRI_7 Bachelor of Science in Agriculture 3 Mandatory
CR_BHORT_7 Bachelor of Science in Horticulture 3 Mandatory
CR_BAGRI_6 Higher Certificate in Science in Agriculture 3 Mandatory