This course has three primary objectives. First, it builds on the knowledge from the basic course in accounting. The student applies tools learned in this course to develop a conceptual and analytical understanding of financial management. Second, it utilizes student QuickBooks access to employ the financial decisions that are deemed necessary for the farm. This includes Accounts Receivable and Accounts Payable in real time as incurred and as per additional assignments. Finally, this course emphasizes managerial decision-making techniques as they relate to dairy farms in general.
2 hours of lecture, 2 hours of lab per week