ACCT7016 Financial Management for Agri Assignment Sample MTU Ireland

ACCT7016 Financial Management for Agri course will develop the understanding and skills in financial management necessary for decision-making in the agribusiness sector. The course focuses on the application of financial concepts and principles to the agribusiness sector with an emphasis on farm businesses. The role of financial information in managerial decision-making is emphasized along with an understanding of how financial markets operate.

Topics include financial analysis, planning and control, working capital management, investment appraisal, and risk management. In this module, students will develop the skills necessary to understand, interpret and use financial information to make sound business decisions.

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In this section, we are describing some assigned briefs. These are:

Assignment Activity 1: Complete projected cash budgets and financial statements.

Projected Cash Budgets

A projected cash budget is a tool that can be used to estimate future cash inflows and outflows for a company. It can be used to make decisions about how to allocate resources and manage financial risks.

To prepare a projected cash budget, you will need to estimate the expected cash inflows and outflows for some time. The period can be short-term (such as a month) or long-term (such as a year).

• Inflows can come from sales, investments, loans, and other sources.
• Outflows can go to expenses, debt payments, and other uses.

Once you have estimated the inflows and outflows, you can use the budget to make decisions about how to manage the company’s finances. For example, you might decide to save cash to pay for unexpected expenses, or you might decide to invest in new equipment.

Financial Statements

A financial statement is a record of a company’s financial activities. It shows the company’s revenue, expenses, and profit or loss. Financial statements are used by investors, lenders, and other interested parties to make decisions about whether to invest in a company.

There are three types of financial statements: the balance sheet, the income statement, and the cash flow statement.

• The balance sheet shows the company’s assets, liabilities, and equity at a specific point in time.
• The income statement shows the company’s revenue and expenses for a specific period.
• The cash flow statement shows the company’s cash inflows and outflows for a specific period.

Preparing financial statements can be a complex process. However, there are some basic steps that you can follow to make sure that your statements are accurate and complete.

1. First, you will need to gather financial data from your company’s records. This data can come from accounting software, invoices, bank statements, and other sources.
2. Next, you will need to organize the data into the proper financial statement format.
3. Finally, you will need to review the statements for accuracy and completeness.

Once you have prepared the financial statements, you can use them to make decisions about your company’s finances. For example, you might use the statements to track your progress towards financial goals, or you might use them to identify areas where you need to cut costs.

Assignment Activity 2: Identify the sources of finance available to a business and the cost and use of each of these sources.

There are a variety of sources of finance available to businesses, each with its costs and benefits.

• Equity financing is one option, which involves selling shares in the company to raise funds. This can be done through an initial public offering (IPO) or by private placement. The benefit of equity financing is that it does not require the company to make repayments, but the downside is that it dilutes ownership.
• Debt financing is another option, which involves borrowing funds from lenders. This can be done through a bank loan or by issuing bonds. The benefit of debt financing is that it provides tax advantages, but the downside is that the company must make regular interest payments and repay the principal amount borrowed.
• Another source of financing is asset-based lending, which uses the company’s assets as collateral for a loan. This can be done by using accounts receivable, inventory, or real estate as collateral. The benefit of asset-based lending is that it can provide access to capital even if the company has bad credit, but the downside is that the company risks losing its assets if it cannot repay the loan.
• Finally, venture capital is another source of financing for businesses. This involves selling a stake in the company to investors in exchange for funding. The benefit of venture capital is that it can provide large amounts of capital, but the downside is that the company gives up a portion of ownership.

Assignment Activity 3: Evaluate capital investment proposals.

When evaluating capital investment proposals, there are a few key things to look for.

• First, you will want to make sure that the proposal is feasible. This means that it is realistic and achievable given the resources available.
• Next, you will want to consider the return on investment (ROI). This is the amount of money that you expect to earn back from the investment.
• Finally, you will want to assess the risk involved with the investment. This includes both the financial risk and the operational risk.

You will also want to consider other factors, such as the company’s financial condition and its strategic goals.

Once you have considered all of these factors, you can decide whether or not to invest in the proposal.

Assignment Activity 4: Estimate working capital requirements.

Working capital is the money that a business needs to cover its short-term expenses. This includes things like inventory, accounts receivable, and accounts payable.

To estimate your company’s working capital requirements, you will first need to estimate your average daily expenses. This can be done by looking at your past financial records.

Next, you will need to estimate the number of days that it will take to collect payment from your customers. This is known as the accounts receivable turnover.

Finally, you will need to estimate the number of days that it will take to pay your suppliers. This is known as the accounts payable turnover.

Once you have estimated your daily expenses and Accounts Receivable and Accounts Payable turnovers, you can calculate your working capital requirements.

Assignment Activity 5: Evaluate short-term decision-making scenarios.

Short-term decision-making is typically focused on immediate issues and problems. This type of decision-making is often reactive, as it is usually in response to an unexpected event or problem.

There are a few key things to keep in mind when making short-term decisions.

• First, you will want to make sure that the decision is aligned with the company’s goals and objectives.
• Next, you will want to consider the risks and potential consequences of the decision.
• Finally, you will want to make sure that the decision is feasible and can be implemented in a short timeframe.

Keep these factors in mind when evaluating short-term decision-making scenarios.

Assignment Activity 6: Create data in spreadsheets.

There are a few things to keep in mind when creating data in spreadsheets.

First, you will want to make sure that the data is accurate and up-to-date. This means that you should check your sources and update the data regularly.

Next, you will want to make sure that the data is organized and easy to understand. This means using clear and concise labels and logically organizing the data.

Finally, you will want to make sure that the data is accessible to those who need it. This means creating a user-friendly interface and making sure that the data is stored in a secure location.

Keep these things in mind when creating data in spreadsheets.

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