FINANCIAL SERVICES SERIES
Financial management is essential to enable a farmer to study optimal functions. We work in a rapidly changing environment and it requires a lot of input, especially from the production side. A farmer faces day-to-day challenges and in the changing environment, his focus is greatly diversified.
Financial management is not only the link between the various components of a farm, but an instrument that enables the farmer to not only manage his business profitably but also keep the risks as low as possible.
- Introduction to Financial management
- Functions of Financial management
- Business Enterprises
- Elements of Financial Management
- Statements of Cash flows – Elements
- Statement of Cash flows – Inflows and outflows
- Cash Flow Budgeting
- Statement of profit and loss and other comprehensive income 1
- Statement of profit and loss and other comprehensive income 2
- Introduction to the Statement of financial position
- Statement of financial position
- Statement of financial position – Components
Expected outcomes:
Have a better understanding the main functions of financial management including the following:
- Budgeting
- Recordkeeping
- Analysis and planning
- Are you using your assets optimally?
- Understand the cost elements
- The importance of a cash flow statement and cash flow budget
- The financing decision
- Income statements
- Balance sheet