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Viewing: ARE 323 : Agribusiness Finance

Last approved: Thu, 12 Nov 2015 11:51:52 GMT

Last edit: Thu, 12 Nov 2015 11:51:52 GMT

Change Type
ARE (Agricultural Economics)
323
032190
Dual-Level Course
Cross-listed Course
No
Agribusiness Finance
Agribusiness Finance
College of Agriculture and Life Sciences
Agriculture and Resource Economics (11ARE)
Term Offering
Fall, Spring and Summer
Offered Every Year
Fall 2015
Previously taught as Special Topics?
No
 
Course Delivery
Face-to-Face (On Campus)
Distance Education (DELTA)

Grading Method
Letter Grade Only
3
16
Contact Hours
(Per Week)
Component TypeContact Hours
Lecture3.0
Course Attribute(s)


If your course includes any of the following competencies, check all that apply.
University Competencies

Course Is Repeatable for Credit
No
 
 
Frederick Parker, PhD
Teaching Assistant Professor

Open when course_delivery = campus OR course_delivery = blended OR course_delivery = flip
Enrollment ComponentPer SemesterPer SectionMultiple Sections?Comments
Lecture8080NoOn Campus section offered in Fall
Open when course_delivery = distance OR course_delivery = online OR course_delivery = remote
Delivery FormatPer SemesterPer SectionMultiple Sections?Comments
LEC3535YesDELTA sections anticipated in Summer and Spring
Prerequisites: (ARE 201 or EC 201) and (ACC 200 or ACC 210 or equivalent Introductory Accounting Course)
Is the course required or an elective for a Curriculum?
Yes
SIS Program CodeProgram TitleRequired or Elective?
11AGBUSBSAgribusiness ManagementRequired
ARE 323 teaches the history of monetary systems, the development of business finance tools and banking, and detailed creation and use of business financial statements, including Income Statements, Balance Sheets, and Statements of Cash Flow, within the context of the agribusiness industry. Two Finance courses are offered in the Agribusiness Management Major: ARE 321 - Agricultural Financial Management, which focuses on the history of finance in agriculture and financial planning for farmers and similar independent agricultural enterprises; and ARE 323 - Agribusiness Finance, which focuses on finance for larger agribusinesses and for managers of agribusiness divisions in larger organizations.

Edit corrects a minor typo in the prerequisites section only.  The prerequisites are ARE or EC 201, and ACC 200 or ACC 210, but the original course action stated ARE 200 or ARE 210 rather than ACC 200 or ACC 210.  The incorrect ARE has been changed to ACC in this edit. 


No

Is this a GEP Course?
No
GEP Categories

Humanities Open when gep_category = HUM
Each course in the Humanities category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Mathematical Sciences Open when gep_category = MATH
Each course in the Mathematial Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Natural Sciences Open when gep_category = NATSCI
Each course in the Natural Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

Social Sciences Open when gep_category = SOCSCI
Each course in the Social Sciences category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Interdisciplinary Perspectives Open when gep_category = INTERDISC
Each course in the Interdisciplinary Perspectives category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Visual & Performing Arts Open when gep_category = VPA
Each course in the Visual and Performing Arts category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
 

 
 

Health and Exercise Studies Open when gep_category = HES
Each course in the Health and Exercise Studies category of the General Education Program will provide instruction and guidance that help students to:
 
 

 
 

 
 

 
 

 
&
 

 
 

 
 

 
 

Global Knowledge Open when gep_category = GLOBAL
Each course in the Global Knowledge category of the General Education Program will provide instruction and guidance that help students to achieve objective #1 plus at least one of objectives 2, 3, and 4:
 
 

 
 

 
Please complete at least 1 of the following student objectives.
 

 
 

 
 

 
 

 
 

 
 

US Diversity Open when gep_category = USDIV
Each course in the US Diversity category of the General Education Program will provide instruction and guidance that help students to achieve at least 2 of the following objectives:
Please complete at least 2 of the following student objectives.
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Requisites and Scheduling
 
a. If seats are restricted, describe the restrictions being applied.
 

 
b. Is this restriction listed in the course catalog description for the course?
 

 
List all course pre-requisites, co-requisites, and restrictive statements (ex: Jr standing; Chemistry majors only). If none, state none.
 

 
List any discipline specific background or skills that a student is expected to have prior to taking this course. If none, state none. (ex: ability to analyze historical text; prepare a lesson plan)
 

Additional Information
Complete the following 3 questions or attach a syllabus that includes this information. If a 400-level or dual level course, a syllabus is required.
 
Title and author of any required text or publications.
 

 
Major topics to be covered and required readings including laboratory and studio topics.
 

 
List any required field trips, out of class activities, and/or guest speakers.
 

ARE 321 historically offered two on campus sections each academic year, and ARE 323 will replace one of these two sections, resulting in ARE 323 offered in Fall and ARE 321 offered in Spring each year. Thus, no additional sections or additional resources are required to add this course, as it will be taught under existing teaching appointments for the same total number of sections and students.

At the conclusion of this course students are expected to be able to:



  • Explain the specific functions of Finance, as differentiated from other disciplines

  • Interpret financial statements including Income Statements, Balance Sheets, and Cash Flow

  • Create basic financial statements for an agribusiness

  • Identify inaccuracies and risks communicated in financial statements


Student Learning Outcomes

At the conclusion of this course students are expected to be able to:



  • Explain the specific functions of Finance, as differentiated from other disciplines

  • Interpret financial statements including Income Statements, Balance Sheets, and Cash Flow

  • Create basic financial statements for an agribusiness

  • Identify inaccuracies and risks communicated in financial statements


Evaluation MethodWeighting/Points for EachDetails
Multiple exams20% EachTwo exams will be given, weighted 20% each for a total of 40% of the course grade.
Major Paper20%Individual paper researching publicly available financial statements of an agribusiness selected by the student.
Other10%Group project to create financial statements for a fictional agribusiness enterprise assigned by the instructor.
Other10%Second group project to analyze and improve financial statements created for a fictional agribusiness enterprise under the first group project (detailed above). Groups are changed for the second project, and students are not assigned the same financial statements that they created in the first group project.
Major Paper20%Individual paper analyzing the complete financial statements resulting from the second group project (detailed above), and to review the performance of each individual's student's groups.
TopicTime Devoted to Each TopicActivity
Understanding Finance2 weeksLectures focusing on what Finance is, how it is different from other business disciplines (notably Accounting), including history of finance, important financial systems, and careers in finance.
Money and Monetary Systems2 weeksLectures focusing on the development of money, monetary systems, banking, interest rates, and government fiscal policies.
Business Financial Information1 weekLectures focusing on different business organization structures, and the different financial data, planning, and analysis related to each.
Learning Business Financial Statements3 weeksLectures focusing on the most important financial statements for business enterprises - Income Statements, Balance Sheets, and Statements of Cash Flow, including working capital, cost of capital, short- and long-term financing, and analysis of common errors in financial statements.
Exams1 weekTwo exams on the material indicated above - Exam 1 focusing on the first four weeks of lecture material, and Exam 2 focusing on the latter four weeks of lecture material.
Project and Group Assignments1 weekDetailed presentation of fictional agribusiness enterprise for use in two Group Projects, including core products, business structure, and future plans for expansion.
Group Work on Project 12 weeksWork days for first group projects to create financial statements for fictional agribusiness enterprise assigned by instructor above.
Group Presentations on Project 11 weekGroup presentations in class on results of group work, providing opportunity for all students to see results of each group's work, toward re-assignments to new groups for the second project where groups analyze and improve financial statements from Project 1 toward creating the "best" financial statements possible.
Final Group Projects and Individual Papers1 weekFinal week of classes for groups and individual students to complete projects and individual papers resulting from Project 2 above.
ARE 323 is anticipated to be offered in Fall 2015 and in every Fall semester thereafter. No DE sections are planned at this time, but may be developed in Spring 2016 or thereafter.
Key: 7192