Course Number and Title:
AGS 209 Farm Records and Accounts
Prerequisites
Prerequisite: AGS 104 and MAT 152
Course Credits and Hours
3 credit(s)
3 lecture hours/week
0 lab hours/week
Course Description
This course examines record keeping and accounting procedures as they apply to the production and marketing of agricultural products.
Core Course Performance Objectives (CCPOs)
- Appraise personal finance management. (CCC 1, 2, 4, 5, 6; PGC 2, 3, 4)
- Evaluate inventory, balance sheets, and income statement functions. (CCC 1, 2, 4, 5, 6; PGC 2, 3)
- Interpret accounting procedures involved in planning and decision-making. (CCC 1, 2, 4, 5, 6; PGC 2, 3)
- Assess borrowing, investing, and taxes as related to agribusiness. (CCC 1, 2, 4, 5, 6; PGC 2, 3)
See Core Curriculum Competencies and Program Graduate Competencies at the end of the syllabus. CCPOs are linked to every competency they develop.
Measurable Performance Objectives (MPOs)
Upon completion of this course, the student will:
- Appraise personal finance management.
- Create a budget to accomplish given financial objectives.
- Evaluate reasons for savings and investments.
- Compare types of credit used to finance an agribusiness.
- Differentiate between secured and unsecured loans.
- Evaluate inventory, balance sheets, and income statement functions.
- Assess the importance of accurate inventory.
- Select assets to be included in inventory.
- Create methods used to determine the depreciated or market value of a list of assets.
- Examine the purpose of a balance sheet.
- Categorize the structure and major components of a balance sheet.
- Formulate and use an income statement to analyze a business.
- Interpret accounting procedures involved in planning and decision-making.
- Discuss the steps for preparing a budget.
- Identify the elements of a cash flow statement.
- Evaluate income statements for a fiscal year.
- Assess borrowing, investing, and taxes as related to agribusiness.
- Compare types of capital to finance an agribusiness.
- Measure the cost of borrowing.
- Identify state and/or federal tax forms used in agribusiness.
- Compare tax deductible and non-tax deductible business expenses.
Evaluation Criteria/Policies
The grade will be determined using the Delaware Tech grading system:
| 90-100 |
= |
A |
| 80-89 |
= |
B |
| 70-79 |
= |
C |
| 0-69 |
= |
F |
Students should refer to the
Catalog/Student Handbook for information on the Academic Standing Policy, the Academic Integrity Policy, Student Rights and Responsibilities, and other policies relevant to their academic progress.
Final Course Grade
Calculated using the following weighted average
Evaluation Measure | Percentage of final grade |
Summative Assessments |
Exams (2-3 equally weighted) | 20% |
Financial documents (2 equally weighted) | 20% |
Formative Assessments |
Quizzes (3-4 equally weighted) | 20% |
The course will contain a various number of formative assessments including but not limited to (equally weighted): Assignments Discussion board posts
| 40% |
TOTAL | 100% |
Program Graduate Competencies (PGCs are the competencies every graduate will develop specific to his or her major)
AGSAASAGS
- Demonstrate professional behaviors that satisfy workplace expectations.
- Demonstrate effective professional communication skills.
- Competently perform common practices and skills within the various aspects of the agriculture industry.
- Demonstrate adherence to ethical, safety and environmental practices related to the agriculture industry.
Core Curriculum Competencies (CCCs are the competencies every graduate will develop)
- Apply clear and effective communication skills.
- Use critical thinking to solve problems.
- Collaborate to achieve a common goal.
- Demonstrate professional and ethical conduct.
- Use information literacy for effective vocational and/or academic research.
- Apply quantitative reasoning and/or scientific inquiry to solve practical problems.
Students in Need of Accommodations Due to a Disability
We value all individuals and provide an inclusive environment that fosters equity and student success. The College is committed to providing reasonable accommodations for students with disabilities. Students are encouraged to schedule an appointment with the campus Disabilities Support Counselor to request an accommodation needed due to a disability. The College's policy on accommodations for persons with disabilities can be found in the College's Guide to Requesting Academic Accommodations and/or Auxiliary Aids Students may also access the Guide and contact information for Disabilities Support Counselors through the Student Resources web page under Disabilities Support Services, or visit the campus Advising Center.