DTM*4500 Business and Finance for Turf

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The following description is for the course offering in Winter 2023 and is subject to change. It is provided for information only. The course outline distributed to the class at the beginning of the semester describes the course content and delivery, and defines the methods and criteria to be used in establishing the final grades for the course.
 

This course covers the basic aspects of business management and finance as they apply to turf-related enterprises. Case studies in capital expenditures and operational budgeting will be used to help students understand how business decisions affect operations. Examples from earlier courses and the summer work experience will also be used. Purchasing procedures in both private and municipal government settings will be discussed.
Pre-Requisites: DTM*3000
Restrictions: DTM*2300

Restricted to Associate Diploma students in the Turfgrass Management program.
 

 

Instructors:

Jordan Kitchen

Teaching Assistant:

Credit Weight:

0.50

Course Level:

  • Diploma

Academic Department (or campus):

Associate Diploma in Turfgrass Management

Campus:

Guelph

Semester Offering:

  • Winter

Class Schedule and Location:

Please refer to WebAdvisor for class schedule and location.

Learning outcomes:

After this course, you should be able to:
  1. Identify basic financial accounting principals
  2. Apply basic accounting principles to turf management applications
  3. Comprehend basic financial statements and know their use in management
  4. Make decisions based on financial statements
  5. Identify basic managerial accounting principles
  6. Apply basic managerial accounting principles to turf management applications
  7. Understand the budgeting process, including the capital and operating budgeting
  8. Evaluate the differences between capital spending- leasing/purchasing
  9. Understand the concept of sustainability
  10. Understand the conflict between economic and environmental sustainability
  11. Understand and be able to apply strategic and business planning

 

Lecture Content:

Topics to be covered in lectures and labs include:
  • Understanding the Accounting Cycle
  • Financial Statements – Comprehension and Analysis
  • Financial Metrics- Calculating and Utilizing
  • Basic Financial Accounting Principals
  • Basic Managerial Accounting Principals
  • Financial Management Decisions- Operating and Capital Budgets
  • Operating Budgets, Cash Flow Management
  • Capital and Operating Expense
  • Leasing
  • Strategic, Marketing and Operational Planning
  • Understanding the Total Cost of Ownership and Production Based Budgeting
Topics and schedule subject to change.
Labs & Seminars:

There are no seminars scheduled for this course.

Course Assignments and Tests:

Assignment or Test Contribution to Final Mark Learning Outcomes Assessed
Quiz 5% 1, 2, 3
Lab Assignment
25%
 4-11
Midterm Assignment
30%
1-6
Final Assignment
40%
 7-11

Final examination:

There is no final exam scheduled for this course.

Course Resources:

Required Texts:

None

Recommended Texts:

Handbook of Financial Management – GCSAA (Textbook)

Lab Manual:

There is no lab manual for this course.

Other Resources:

CourseLink - This course utilizes CourseLink (powered by D2L's Brightspace), the University of Guelph's online learning management system (LMS). By using this service, you agree to comply with the University of Guelph's Access and Privacy Guidelines. Please visit the D2L website to review the Brightspace privacy statement and Brightspace Learning Environment web accessibility standards.

Field Trips:

N/A

Additional Costs:

N/A

Course Policies:

Grading Policies:
Diploma Grading Procedures found on the university website: Diploma Grading Procedures
 
Late Policy
If you choose to submit assignments to the DropBox tool late, the full allocated mark will be reduced by 5% per day after the deadline for the submission of the assignment to a limit of six days at which time access to the DropBox folder will be closed. Late Graded Homework Assignments will NOT be graded if they are submitted after the solutions have been posted to CourseLink. 
 
Extensions will be considered for medical reasons or other extenuating circumstances. If you require an extension, discuss this with the instructor as soon as possible and well before the due date. Barring exceptional circumstances, extensions will not be granted once the due date has passed. These rules are not designed to be arbitrary, nor are they inflexible. They are designed to keep you organized, to ensure that all students have the same amount of time to work on assignments, and to help to return marked materials to you in the shortest possible time.
 
Grades and Feedback
Unofficial assessment marks will be available in the Grades tool of the course website.
 
Your instructor will attempt to have grades posted online within 2 weeks of the submission deadline, if the assignment was submitted on time. Once your assignments are marked you can view your grades on the course website by selecting Grades from the Tools dropdown menu on the navbar. Your course will remain open to you for seven days following the last day of the final exam period.
 
University of Guelph students can access their final grade by logging into WebAdvisor (using your U of G central ID).
 
Course Policy on Group Work:

N/A

Course Policy regarding use of electronic devices and recording of lectures:

Electronic recording of classes is expressly forbidden without consent of the instructor. When recordings are permitted they are solely for the use of the authorized student and may not be reproduced, or transmitted to others, without the express written consent of the instructor.

Other Course Information:

University Policies

Academic Consideration

When you find yourself unable to meet an in-course requirement because of illness or compassionate reasons, please advise the course instructor in writing, with your name, id#, and e-mail contact. See the academic calendar for information on regulations and procedures for Academic Consideration:

Academic Misconduct

The University of Guelph is committed to upholding the highest standards of academic integrity and it is the responsibility of all members of the University community, faculty, staff, and students  to be aware of what constitutes academic misconduct and to do as much as possible to prevent academic offences from occurring.

University of Guelph students have the responsibility of abiding by the University's policy on academic misconduct regardless of their location of study; faculty, staff and students have the responsibility of supporting an environment that discourages misconduct. Students need to remain aware that instructors have access to and the right to use electronic and other means of detection. Please note: Whether or not a student intended to commit academic misconduct is not relevant for a finding of guilt. Hurried or careless submission of assignments does not excuse students from responsibility for verifying the academic integrity of their work before submitting it. Students who are in any doubt as to whether an action on their part could be construed as an academic offence should consult with a faculty member or faculty advisor.

The Academic Misconduct Policy is detailed in the University Calenders:

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For more information, contact CSD at 519-824-4120 ext. 56208 or email sas@uoguelph.ca or visit the Student Accessibility Services website: http://www.uoguelph.ca/csd/.

Course Evaluation Information

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