AE 202 - Business Records & Reporting

3 Credits

This class is designed so students have an understanding of the key accounting and financial concepts related to their agriculture operations. A computerized accounting system is introduced and utilized for data entry and financial statement preparation.

Rationale:

This is a required course for Crop Technology and Animal Science Technology students. It is increasingly important for farmers to have a good bookkeeping system to help make sound financial decisions.

Prerequisites: None
Corequisites: None

Course Learning Outcomes:
Upon successful completion of this course, students will be able to (using a manual and computerized approach)

• 1. record farm accounting transactions.
• 2. prepare farm financial statements.
• 3. reconcile the farm records to those of the bank.
• 4. convert cash accounting to accrual accounting records.
• 5. create year end accrual financial statements.

There is no text required. The instructor lets the students know if there is material that is required to be purchased from the bookstore.

Optional Resource Materials:
None

Conduct of Course:

The course materials provide explanations of topics in bookkeeping and accounting along with examples and assignments. Lecture classes are used to review what students have read, discuss the topics in class, and work through examples. Lab classes are used to work on assignments and projects.

Classroom and laboratory attendance is considered vital to the learning process and as significant to the students’ evaluation as examinations and reports.

1. Students having a combination of excused and/or unexcused absence of 20 percent or higher for the scheduled course hours will be required to withdraw and will automatically receive a “RW” (required withdrawal) for the course, regardless of any other evaluation results. (RW is a failing grade.).
2. An excused absence is one that is verified with your instructor. Verification should be prior to the absence or the next class day following the absence. Verification of the absence may take the form of a note from your doctor/College nurse regarding illness, or a note from another instructor regarding a field trip or other activity, or authorization by your instructor. An unexcused absence is anything NOT verified by the instructor prior to the absence or the next class day following the absence.

It is the students’ responsibility to know their own absentee record.

Normal hours are 8:30 a.m. to 6:30 p.m., with potential for evening courses, exams or extended field trips. Students are expected to be available for classes during these times.

Content of Course:
 

The final grade is an aggregate of the following components:

The accumulated percentage from the above are converted to a grade according to the following:

Course Pass Requirements:
A minimum grade of D (50%) (1.00) is required to pass this course. Students must maintain a cumulative grade of C (GPA - Grade Point Average of 2.00) in order to qualify to graduate.