CGA2103 Farm Records And Accounting

This course introduces students to the meaning, importance and types of farm records, enterprise budgeting. It also provides students with the meaning and branches of accounting, importance of financial records in agriculture, users of accounting information, fundamental principles and procedures in accounting, accounting bases, policies and standards, financial records and book-keeping and use of computers in accounting.

Course Objectives

• To introduce the students to the basic concepts of farm records and financial accounting.
• To explain the importance of financial records in agriculture management.
• To provide the techniques of preparing, analyzing and presenting financial statements.
• To effectively use accounting information to facilitate farm planning and decision making

Learning Outcomes 
At the end of this course the students should be able to:

• Understand and explain the basic financial accounting terminologies and concepts.
• Identify and describe the various kinds of farm records, and accounting books generated and maintained by organizations.
• Record business transactions and maintain up to date books of accounts.
• Prepare, analyze and interpret financial statements.
• Use accounting information for planning purposes and decision making.