Die Kontantvloeibegroting en Balansstaat/ The Cashflow budget and Balance Sheet/ Tshenyehelo ya Kontane

Programme/ Program

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CONTENTS/ INHOUD

1. INTRODUCTION/ SELELEKELA
2. OBJECTIVE OF A CASHFLOW BUDGET/ MAIKEMISETSO A BAJETE YA TJHELETE E
KANANG LE E TSOANG
3. COMPOSITION OF A CASHFLOW BUDGET/ POPEHO YA BAJETE YA PHALLO YATJHELETE
3.1 Cash inflow / Lekeno la kontane
3.2 Cash outflow / Tshenyehelo ya kontane
3.3 Surplus or shortfall (Deficit) / Phaello kapa kgaello
3.4 The cheque account / Akhaonto ya tjheke
4. ADVANTAGES OF A CASHFLOW BUDGET/ MELEMO YA BAJETE YA PHALLO YA TJHELETE
5. CONCLUSION

The course will equip new and potential entrants into the agricultural sector, with little or no previous experience, with knowledge and understanding of managing a farming business enterprise. Upon completion of this course, participants should be able to:

  • The student will be able to monitor the cash or liquidity position of the farming business, when surpluses or deficits occur.
  • Students will be able to have greater control of the farming business and will be able to determine beforehand what the farming business’s bank limit should be.
  • Students will be equipped with knowledge to determine in which direction the farming business is moving in the short term, and to be in a better bargaining and communication position in respect of financial institutions.
  • Students will be able to record the envisaged course of events so that the actual situation can be compared on a regular basis to the expected situation.
  • Students will be able to equip themselves with the basic knowledge of the inflow and outflow of funds in a farming business.
  • Students will be equipped with the skills to do a thorough financial control of a farming business and to plan purchases and possible bargaining for agricultural inputs.
  • Students will be equipped with knowledge to estimate the cash requirements of a farming business in respect of business and production expenses, the purchase of capital items, repayments, and non-farming expenses.
  • Students will be able to compile a financial statement (balance sheet) that shows the financial position of a farming business at a specific time.
  • Students will be able to group together assets and liabilities with similar characteristics and to systematically arrange them on a balance sheet.

Dr. W. T. Nell Agricultural Management Consultant