This course provides an introduction to the concepts and principles of accounting and an understanding of the process by which financial information is accumulated and reported in a financial statement format. Accounting for operating activities, investing and financial activities is emphasized for sole proprietorships, partnerships and corporations. Students will be exposed to accounting software programs and the proper procedures to follow in the general implementation or conversion of these computerized systems.
This course will introduce students to economics as a way to understand production and consumption as interrelated parts of the agriculture sector. Basic demand and supply will be used to explain how prices are determined and how incomes are influenced by increasing world population and increasing productivity in agriculture. Decisions faced by individual producers and consumers will be examined. The structure and characteristics of the national economy and the monetary system will be presented, to show how the agriculture sector fits into the Canadian and world economic systems. For every topic, applications and relevance to agriculture will be emphasized.
Introduces students to the taxation of individuals and the general principles of law. The area of tax will concentrate on personal income tax and tax planning considerations, while the legal area will cover civil actions, private and civil wrongs, contracts, commercial and consumer protection, debt/creditor relationships, and real property and family law.
An introduction to management, including goal formulation, decision analysis, and problem analysis. Analysis of financial statements (ratio and trend analysis) and credit management will be discussed. Budgeting will be used to project business enterprise returns and diversification options. Time value of money and financial management of investments will be studied. Practical applications will be made to the agriculture industry.
Examination of the western Canadian grain and livestock marketing systems - structure, organization, operation, procedures, institutions and agencies. The price discovery methods used in grain and livestock marketing, including open marketing and marketing boards, are also investigated. Other topics include the historical evolution of current marketing systems, marketing functions, fundamental and technical analysis, and use of marketing information. Policy issues and regulation and their relationship to market structure are discussed, together with a description and analysis of Canada's position in international grain markets and the transportation system.
In this course students are introduced to the principles of salesmanship and their application to agricultural business. Emphasis will be placed on the application of principles to real-world situations and on building selling skills through class projects. Students will learn tactical selling skills, develop self-management skills, and study strategic selling techniques. Policies (current and impending) and regulations governing salesmanship are discussed.
Agribusiness includes all activities involved in bringing food and fibre to the final consumer. Agribusiness marketing involves marketing activities in the input sector, the agricultural production sector, and the processing/manufacturing sector - essentially to the point that a purchase is made by the final consumer of the good or service. Agribusiness marketing also encompasses issues of trade in food and fibre products. This course will focus on the importance of effective marketing management to the success of an agribusiness firm. Students will be introduced to the marketing management practices of successful agribusiness firms. The selection of target markets and the development of the marketing mix will be emphasized.
AG EC 75.6
Registration Info — 2004-2005 Regular Session»Agricultural Business Capstone 2(3L) Prerequisite(s): AG EC 42, 52 and 62; AGRIC 61 or 62, and enrolled in the Diploma in Agriculture program.
This course will assist students to develop and integrate the knowledge and skills required to prepare and present a business plan for an agribusiness entity. Students will work in teams and the course will stress the importance of team collaboration.
This course begins with an examination of why government policy is important to the agricultural industry and why governments at all levels become involved. Areas of policy are examined, with emphasis on policies which affect the holding and operation of farm land and those which affect the transportation and handling of grain crops. A detailed examination is made of several provincial government policies as they affect the farm operator in Saskatchewan.
Introduces students to management accounting concepts and principles. The course will concentrate on cost concepts, the design of cost accounting systems, cost allocation and the role of management accounting in the internal decision-making process of an organization.