MI’ CASA ENTERPRISES

EDUCATIONAL OBJECTIVES

Upon completion of this course, the borrower shall be able to:

a)         describe the specific goals of the business, describe what changes are required to attain the business goals, and outline how these changes will occur using present and projected enterprise budgets

b)         maintain and utilize a financial management information system which includes financial and production records, a household budget, a statement of financial conditions, and an accrual adjusted income statement.  The borrower shall also be able to use this system when making financial and production decisions

c)         understand and utilize an income statement.  Specifically, the borrower must understand the structure and major components of an income statement and its role in analyzing the performance of a business, be familiar with the cash and accrual methods of determining the net farm income and understand the relationship between a balance sheet and an income statement

SCORE FOR THE CLASS:

1)   the borrower attended classroom sessions as agreed, satisfactorily completed all assignments, and demonstrated an understanding of the course material

(Borrowers receiving a score of a 1 will have met the requirements of the agreement.)

2)   the borrower attended classroom sessions as agreed and attempted to complete all assignments; however, the borrower does not demonstrate an understanding of the course material

(Borrowers receiving a score of a 2 will have met the requirements of the agreement.  However, since these borrowers do NOT adequately demonstrate an understanding of the course material, the County Supervisor will develop a plan outlining the additional supervision the borrower will require to accomplish the objective of FSA assistance such as recommending further training more frequent farm visits, or retaining professional services of an accountant, farm management specialist or a similar expert based upon the borrower’s abilities.)

3)   the borrower did not attend classroom sessions as agreed and/or did not attempt to complete assignments.  In general, the borrower did not make a good faith effort to complete the training

      (Borrowers receiving a score of a 3 will not have met the requirements of the agreement for training.  Failure to complete the training as agreed will cause the borrower to be ineligible for future FSA benefits including future direct and guaranteed loans.  Primary Loan Servicing, Interest Assistance renewals, and restructuring of Guaranteed Loans.)

These classes are presented by Mi Casa Enterprises and have been set up to comply with the above stated Congressional mandate for curriculum as stipulated in the FSA manual.

Completion is mandatory to make the most of the material presented.  There will be some type of contact, and a test at the completion of the seminar.  A grade will be given to each participant at the completion of the seminar and a certificate that signifies that he or she has met all the requirements at outlined in the FSA manual.

An evaluation form of the class and the instructor will be required at the completion of this seminar. Any suggestions will be welcomed to help make the next session more enjoyable and easier to follow.

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