PRINCIPLES OF FARM MANAGEMENT AND ACCOUNTS

Students undertaking this course will be introduced to concepts of farm management and accounts. Areas to be covered include:  Nature and scope of farm management. Decision making in farm management.  Gender  roles and issues in farm management and decision making in various household structures. Farming systems concept and terminology. Types of production functions. Farm management accounts and farm planning. Farm budgeting. Farm asset valuation and depreciation. Project appraisal. Enterprise economics and technology as it relates to on-farm trials objective:

• Develop their knowledge of economic principles/theory underlying resource allocation problems on the farm and the decision-making process.
• Apply economic principles to organization and management of businesses in general and farmes in particular, with emphasis on choice of optimal enterprise combinations to meet household goals and understanding the role and factors influencing farm decision making.
• Apply these management approaches or sets of principles to farm in such a way as to meet desired goals.