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