| Content |
Detail |
| Business Organisations and Finance for Agri. engineering and related companies | Business types and operations
Farm / Agri. -organisations and structures
Role of finance in the Agri.- Environment
Introduction to basic financial statements.
|
| Sources of finance for asset acquisition | Agricultural asset types
Land, buildings, fixed machinery and mobile equipment.
Financing types -Hire Purchase
Leasing
Bank loans( short to long term )
Interest rates, risk , time value of money, interest rate calculations over various loan periods and types.( Compound interest )
Legal issues, security, reservation of title, asset repossession, etc.
|
| Capital budgeting techniques | Basic cash flow statements,
Investment appraisal techniques,
Payback periods, Net Present Value, Accounting rate of return.
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| Taxation | Overview of various taxation categories
VAT, and VAT registration
Income tax and capital allowances/ taxation deductions.
Asset utilisation( lease v• s Buy )
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| Business and financial analysis | Basic financial analysis, from an Agri • Engineering perspective
Ratios on
Profitability, liquidity, operating and
Return on investment( ROI )
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