Maricopa Community Colleges  AGB132   19956-20012 
Official Course Description:   MCCCD Approval:  06/27/95
AGB132      19956-20012 LEC 3 Credit(s) 3 Period(s)
Agricultural Accounting and Business Analysis
Practical uses of accounts and records with emphasis on accounting principles and analysis of the agricultural business. Prerequisites: None.
 
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MCCCD Official Course Competencies:
 
AGB132   19956-20012 Agricultural Accounting and Business Analysis
1. Explain the importance and purposes of farm business records and accounts. (I)
2. Perform single entry accounting for an agricultural application. (II)
3. Define capitol accounts and credit accounts, and give examples of both. (II)
4. Complete a farm inventory. (III)
5. Explain how to determine whether to purchase or to rent farm equipment. (III)
6. Calculate farm budgets for various crops. (III)
7. Calculate farm income tax. (IV)
8. Calculate depreciation based on the farm inventory. (IV)
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MCCCD Official Course Outline:
 
AGB132   19956-20012 Agricultural Accounting and Business Analysis
    I. The Farm Business Center
        A. Importance of records and accounts
        B. Types and uses of records and accounts
      II. Accounting for the Farm Business
          A. Single entry accounting
          B. Capital accounts
          C. Credit accounts
        III. Production and Statistical Record
            A. Inventory
            B. Equipment purchase and rental
            C. Farm budgets for various crops
          IV. Analysis of the Farm Business
              A. Income tax management
              B. Depreciation methods
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