AGR323: Estate Budgeting and Accounting / Faculty of Plantation and Agrotechnology

This course will provide students an overview of the basic concepts and practices of budgeting, accounting and other parts of financial management and management control. Students develop the analytical and operational skills to analyse different kinds of budgets and to understand a plantation sector organisation from a budgetary perspective. The course covers the entire budgetary process, including budget formulation and execution, programme development, cost and revenue estimation, budget tactics, and budget evaluation. Students also gain some basic understanding of plantation sector accounting concepts, particularly by learning and practicing the main content and structure of the income statement, the balance sheet and the cash flow statement, including their interrelationships. Examples from a range of plantation sector experiences are woven into the course to illustrate the issues involved and to examine the connections between financial control systems and the purposes of an organisation.