Advanced SAE Unit A 1 Explain how SAE

Advanced SAE Unit A 1. Explain how SAE records are maintained from year to year. A 2. Explain how to summarize and analyze SAE records. B 1. Evaluate the overall quality of a current SAE, and determine how to make it more productive or profitable. B 2. Explain factors that should be considered in expanding an SAE program. B 3. Explain how placement and ownership SAE programs may be expanded

A 1. Explain how SAE records are maintained from year to year. Managing Records Year to Year • Make frequent journal entries • Frequently update your financial status (if applicable) • Make frequent updates to your current inventory (if applicable) • Complete new agreements each year for each new job you undertake • Essentially, keep an accurate set of records for your project!!

A 2. Explain how to summarize and analyze SAE records. Summarizing and Analyzing SAE Records • In completing and summarizing records, check for completeness and accuracy. • A. Check the livestock numbers and feed and grain quantities. • Check numbers appearing as purchases, sales, and beginning and ending inventories • Similarly, quantities of feed and grain fed, purchased, sold, and used for seed must be totaled.

A 2. Explain how to summarize and analyze SAE records. Summarizing and Analyzing SAE Records • Total and check the receipt columns. • Since most receipt items are entered in two places, an “amount received” column and in a separate classifying column, these items can be cross-checked. • The sum of the totals of the classifying columns must equal the total amount received. • A check should be made on each receipt page as well as on the final receipt page.

A 2. Explain how to summarize and analyze SAE records. Summarizing and Analyzing SAE Records • Total and check the expense columns. • The totals of the classifying columns should check with the total in the “amount paid out” column. • If hired labor is recorded separately from other expenses, these figures need to be totaled and checked.

A 2. Explain how to summarize and analyze SAE records. Summarizing and Analyzing SAE Records • Complete and check inventories. • Check the depreciation schedules. • All items in the depreciation schedules should be completed through the “remaining costs at the end of the year” columns. • Total the columns for “the remaining cost at the beginning of the year”, “the depreciation this year” and “the remaining cost at the end of the year. ”

A 2. Explain how to summarize and analyze SAE records. Summarizing and Analyzing SAE Records • Total the columns for beginning and end-of-year inventories. • Complete a farm business summary to indicate the profitability of the business. • Complete the various business analysis records to determine the measures of efficiency of the operation.

B 1. Evaluate the overall quality of a current SAE, and determine how to make it more productive or profitable. Evaluating the Overall Quality of Your SAE • Are you keeping an ambitious purpose behind your project? • Are you doing your very best to please your customers (even if that’s just you)? • Are you maintaining your focus on your project and goals? • Are you achieving and updating your goals? • Are you always looking for new ideas to implement into your project?

B 1. Evaluate the overall quality of a current SAE, and determine how to make it more productive or profitable. Determining How to Make Your Project More Productive • What are some ways to make your project more productive? • Invest more hours • Expand your facilities • Keep accurate and frequently updated records • Achieve and reevaluate your goals

B 1. Evaluate the overall quality of a current SAE, and determine how to make it more productive or profitable. Determining How to Make Your Project More Profitable • What are some ways to make your project more profitable? • Invest more hours • Expand your scope • Expand your reach and audience • Broaden your client base

B 2. Explain factors that should be considered in expanding an SAE program Considerations When Expanding Your SAE • What are things you should consider when expanding your SAE project? • What is your current scope? • Who do your currently serve? • What is the purpose to your project? • Are you doing research? • Do you serve the public with a good or service? • Do you work for someone else?

B 3. Explain how placement and ownership SAE programs may be expanded Expanding a Placement SAE Project • What are some ways that you can expand your placement project? • Extend your hours • Extend your duties • Add another placement job to your records • Are you doing anything that could count as an unpaid placement? • This is where you exchange labor for a good (for example: your parents pay for your horse, but you do all the work to care for it)

B 3. Explain how placement and ownership SAE programs may be expanded Expanding an Entrepreneurship SAE Project • What are some ways that you can expand your entrepreneurship project? • Expand the scope of your project • Broaden your current client base • Invest in some improvement projects • Take advantage of outside sources • If you can exchange one good for another rather than pay money for it, utilize that opportunity to build a new and helpful bridge

What questions are there?