Financial management in agribusiness (152076)
Course coordinator
Course description
Module components are: Basic concepts of financial management, Financial Analysis, Financial forecast, Decision making on long-term capital investments, The fundamental characteristics of business finance, Key financial decisions of the company, Sources and use of financial funds, Provision of financial resources, Financial planning,. Financial growth planning, Analysis of capital investments decisions, Analysis of financing sources, Analysis of the financial position of enterprises in agribusiness, Analysis of financial indicators, The dynamics of the financial system and business levers.
Type of course
- Graduate studies / MS Courses taught in English (Elective course, 1 semester, 1 year)
ECTS: 3.00
English language: L2
Teaching hours: 30
Lectures: 20
Practicum: 6
Seminar: 4
Lecturer
Associate teacher for exercises
Associate teacher for seminars
Grading
Sufficient (2): 60 %
Good (3): 70 %
Very good (4): 80 %
Excellent (5): 90 %
General competencies
Master the basic knowledge and techniques of financial management in agribusiness.
Types of instruction
- Lectures
about forms of business organization in the agribusiness, financial environment of business systems, risk and making decisions about financing and financial analysis of business - Auditory Exercises
in the field of agrobusiness (forms of business organization in the agribusiness, financial environment of business systems, risk and making decisions about financing and financial analysis of business) - Seminars
related to the financial analysis in agribusiness
Learning outcomes
| Learning outcome | Evaluation methods |
|---|---|
| Identify objectives of financial management | written |
| Compare business objectives of different business subjects | written |
| Argued opinion on the advantages and disadvantages of different forms of funding | written |
| Establish systems of economic and financial indicators in the economy | written |
| Create business financing scheme | written |
Working methods
Teachers' obligations
Auditory exercises and lectures
Assistance in the preparation of seminars
Students' obligations
Participating in teaching
Seminars
Methods of grading
| Evaluation elements | Maximum points or Share in evaluation | Grade rating scale | Grade | Direct teaching hours | Total number of average student workload | ECTS |
|---|---|---|---|---|---|---|
| Adoption of program content-final written exam | 100% |
up to 16 17-19 20-24 25-28 29-30 |
Insufficient (1) Sufficient (2) Good (3) Very good (4) Excellent (5) |
20 | 60 | 2 |
| Activities at seminar sessions | 4 | 15 | 0.5 | |||
| Continuous attendance | 6 | 15 | 0.5 | |||
| Total | 100 % | 30 | 90 | 3 |
Weekly class schedule
- The basics of financial management L - Definition, the role and goals of financial management.
- The business goal and types of business organisation in agribusiness L - Financial management and financial manager, the cash flow and competitiveness
- The types of business organisation in agribusiness L - The types of business organisations in agribusiness, the business goals of agribusiness enterprise
- The financial environment of enterprise L - Financial system and specificities of agriculture, Elasticity and stability of financial system
- Long term and short term business financing L - Short, medium and long term financing of enterprises in agribusiness, Methods for choosing the financing source, Distribution of financial result, Investment at material and financial assets
- The risk, returns and model for determining the cost of capital invested (CAPM) L - The risk and financial management, The methods for risk measurement, CAPM model
- The business financial analysis L - The term business analysis, Financing and company liquidity analysis, the term and structure of assets at agribusiness, assets analysis
- The business financial analysis L - The financial analysis indicators, the economic financial indicator systems
- The financial reports analysis L - Financial reports, Report notes
- Model for credit worthiness of agribusiness evaluation L - The computer models for evaluation of credit worthiness, Agribusiness adaptation
- The procedures and methods of financial analysis A - Comparable financial report and horizontal financial analysis, structured financial report and vertical financial analysis
- The example of business structure and assets dynamics at agribusiness A - Term and structure of agribusiness enterprise assets
- The example of procedures and methods for agribusiness financial analysis A - The structure of company's assets, the analysis of structure, usage, statics and dynamics of fixed asset and current asset
- Variety of seminars in agribusiness S - The examples of financial analysis of agribusiness enterprises, Choosing the seminar topics
- Seminar presentation S - Seminar presentation
Obligatory literature
- Wesley J Obst, Rob Graham and Graham Christie (2007): Financial management for agribusiness, Landlinks Press, available at: http://zalamsyah.staff.unja.ac.id/wp-content/uploads/sites/286/2018/02/5-financial-management-for-agribusiness_2007.pdf
- Jose G. Pena and Danny Klinefelter (2013): Financial Management: The Key to Farm-Firm Business Management, available at: https://agecoext.tamu.edu/wp-content/uploads/2013/10/rm5-10.pdf
Recommended literature
- Farm Business Planner Completion Guide with Examples, available at: https://pubsaskdev.blob.core.windows.net/pubsask-prod/85796/85796-Farm_Business_Planner_Completion_Guide_with_Examples.pdf
Similar course at related universities
- Business Management, Faculty of Agriculture, Osijek
- Financial Econometrics, University of Hohenheim