Cost Management for the Farm (5cr)

Objective

The student is able to produce cost information to support the management of a farm.
The student is able to analyse the cost structure of a farm.
The student will be able to compare the costs of alternative models of action.

Content

- Cost accounting to support management
- Cost calculations for different time intervals
- Interpreting and analysing cost calculations
- Cost comparison

Qualifications

Principles and strategies in farm management or equivalent information

Assessment criteria, satisfactory (1)

The student is able to produce cost information to support the management of farm in normal decision-making situations. They are able to analyse and compare the costs of operating practices moderately.

Assessment criteria, good (3)

The student is able to produce cost information to support the management of farm. They are able to analyse and compare the costs of operating practices from many different perspectives.

Assessment criteria, excellent (5)

The student is able to produce cost information to support the management of farm in various decision-making situations. They are able to analyse and compare the costs of operating practices from many different perspectives. They are able to critically evaluate the data produced in the cost calculations.