FINANCIAL MANAGEMENT

moins d’une semaine

Three days

The Financial Statement

Day 1.

This will be a full day session.

The first part will discuss the varying options for planning.

Do I use my own?

Do I use a package?

The Balance sheet will be discussed, the Income statement. Cash flow projections, historical data.

Where am I today (complete a farm profile describing the current financial situation of the farm operation)?

Financial projections (at least one year) allow for trend analysis and other comparative analysis to occur.

Day 2

Projections

Putting it all together financially.

After the historical analysis has been completed and the balance sheet information has been completed projections need to be prepared.

What are the current goals of the farm?

What are the realistic objectives of the farm?

Is restructuring required?

What do the projections and ratio’s mean?

What are the specifics?

How do I get there?

How will I know if goals and objectives are being met over time?

Examination of alternative plans such as the addition, expansion, or phasing out of a livestock operation or buying, selling, or renting land.

Assessment of the identified option(s). Projected (monthly or quarterly) accrual based cash flow statement for a full production cycle or the time period required and implementing the proposed change(s). Calculation and description of the following financial indicators/ratios on a before and after basis, with a comparison to industry standards and benchmarks (i.e. current ratio, working capital, debt structure, debt to equity, equity ratio, debt servicing ratio).

Day Three

The Written Report

Where is the farm at from a written perspective

Are the goals “Smart” goals specific, measurable, attainable, realistic and timely?

Who is the report being prepared for?

1.     The financial community

2.     Internal review by the owners

3.     Internal review by the managers

The Narrative

What information should be in the written report narrative?

The Executive Summary

What information should be in the executive summary narrative?

A “Swat” analysis. Strengths, weaknesses, opportunities and threats.

The Narrative Action Plan - identify and explain the actions, timetables and key responsibilities for implementing the recommended change option. Outline accountability for plan monitoring, timing of reports and a process for follow-up.

Who is responsible for ongoing review and analysis of the action plan?

How often will monitoring take place?

What financial data and or information will be reviewed, and monitored on a regular basis?

Indicate a process for monitoring if goals and objectives are being met.

If goals and objectives are not being met, is there a plan in place to re-evaluate with a view for continued advancement?

$2,400.00

This will be $800.00 per day per person work book to be provided. Meals shall be the responsibility of the student. This will be on site. Additional Costs for rooms and mileage and any other extras will be the responsibility of the student. Those will be agreed to prior to the start of the course. If Students choose this can be completed in 1/2 day segments but the course must be completed within two months. Minimum two maximum five pers course.

Farmers who are seeking assistance in creating a real plan or revising an old plan to meet their needs today

Certificat

Certificate of completion

En Classe
Sur les lieux ou à la ferme
Ateliers

This will be one on one or small group instruction

Toute l'année

Available upon request

Bétail
Cultures
Général
Autres Animaux
Porcs

Planification, stratégie et structure de l’entreprise

Anglais

306-757-1997
Robert Stocks