AGRICULTURAL FINANCE

Definition and scope of financial management; relationship between finance and other disciplines; economics and accounting; finance and management functions and sources of finance to agribusiness enterprises; importance of financial management to an agribusiness enterprise; need for financial records and basic accounting procedures; preparation of financial statements and ratio analysis; preparation of manufacturing accounts; budgeting and budgetary control; types of budgets; budget preparation and administration; break-even analysis and inventory control management; preparation of business plans and feasibility studies for an agribusiness enterprise; introduction to the capital and money markets; types of shares, bonds and debentures; dividend decisions; issues in dividend policy; valuation of bonds and shares; stock exchange; nature of investment decisions; net present value, internal rate of return, benefit - cost ratios.The course aims to:-

• Acquaint the learners with the basic principles and practices underlying prudent Financial Management systems;
• Provide the learners with a firm foundation to develop basic analytical skills to initiate, organize and manage agribusiness enterprises in a financially sound and profitable manner;
• To expose the learners to potential sources of financing for small and Medium agribusiness enterprises;
• Provide students with practical experience in financial management systems for small and medium agribusiness enterprises.