Financial Management & Taxation

This module covers the basics of Financial Management and Taxation as they apply to the agricultural business sector. The module introduces students to finance and financial information analysis, covering working capital management, capital budgeting and sources of finance. The module also introduces students to the basics of Income Tax, Capital Gains Tax, Capital Acquisitions Tax and Stamp Duty, covering the relevant rules and reliefs that apply in the agricultural business sector.

1. Demonstrate an understanding of the nature and scope of financial management and taxation as it relates to the agricultural business industry;

2. Analyse and interpret the working capital requirements of various business entities;

3. Prepare an investment appraisal analysis based on proposed projects and projected returns and make recommendations of appropriate action;

4. Analyse and evaluate the funding requirements for various business entities;

5. Calculate basic taxation computations under Income Tax, Capital Gains Tax, Capital Acquisitions Tax, and Stamp Duty;

6. Explain and apply the specific agricultural reliefs available in Income Tax, Capital Gains Tax, Capital Acquisitions Tax and Stamp Duty.