The main focus of the classes will be a lecture style combined with case analysis in reviewing management concepts. Learners will also engage in class/group discussions to deepen the understanding of the concepts covered. Theory will be supplemented using guest speakers and video material where relevant. For the management accounting material the main focus of the classes will be the completion of practical exercises. These exercises will provide the learner with an understanding and an ability to complete relevant accounting scenarios. Learners will also be provided with relevant theory to support the practical work and deepen the understanding of the concepts covered.
Module Aim:
The aims of this module is to provide learners with an introduction to enterprise and management and its application to agribusiness, to be able to prepare management accounting information for use in an agribusiness context and to provide learners with the capability of develop a basic agribusiness plan.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1
Provide an introduction to enterprise and management and its application to agribusiness.
LO2
Explain the development of the agricultural sector and its present environment.
LO3
Apply management accounting techniques in an agribusiness context.
LO4
Produce a basic agribusiness plan.
Pre-requisite learning
Module Recommendations
This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
Module Content & Assessment
Indicative Content
Introduction to management and enterprise
• Introduction to management
• Management levels, skills, functions.
• Agri-business management
• Introduction to enterprises and their organisational context
• The agribusiness organisation and its functional areas
The agribusiness environment
• Agri-business environment
• The macro environment, the task environment and competitive analysis
Agribusiness plan
• Idea generation
• Feasibility study
• Business Plan (including relevant financial data)
• Climate for enterprise
• Support agencies for enterprises/agri-enterprises/State industrial policy
Introduction to Management Accounting
• Introduction to management accounting
• Cost Classification and behaviour
• reports and other assessment tools
Product Costs
• Material Control
• Labour Control
• Overhead Control
Cost volume profit analysis
• Contribution
• Fixed and variable costs
• Graphical analysis
• Margin of safety
• Cost volume profit assumptions
Budgeting
• Budgeting process including Master Budgets
• Functional budgets including Cash budgets
• Flexed budgets
Capital investment decisions
• Appraisal methods, their purposes and implications
• NPV, IRR, Payback method, ARR, DCF
Assessment Breakdown
%
Continuous Assessment
50.00%
End of Module Formal Examination
50.00%
Continuous Assessment
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Project
Research Project: Case study with questions linked to relevant management topics.
1,2
20.00
n/a
Project
Project – Agribusiness plan
3,4
30.00
n/a
No Project
No Practical
End of Module Formal Examination
Assessment Type
Assessment Description
Outcome addressed
% of total
Assessment Date
Formal Exam
Terminal Examination
1,2,3,4
50.00
End-of-Semester
SETU Carlow Campus reserves the right to alter the nature and timings of assessment