Advanced SAE Unit A1. Explain how SAE records are maintained from year to year. A2. Explain how to summarize and analyze SAE records. B1. Evaluate the overall quality of a current SAE, and determine how to make it more productive or profitable. B2. Explain factors that should be considered in expanding an SAE program. B3. Explain how placement and ownership SAE programs may be expanded

Managing Records Year to Year A1. 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!!

Summarizing and Analyzing SAE Records A2. 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.

Summarizing and Analyzing SAE Records A2. 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.

Summarizing and Analyzing SAE Records A2. 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.

Summarizing and Analyzing SAE Records A2. 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.”

Summarizing and Analyzing SAE Records A2. 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.

Evaluating the Overall Quality of Your SAE B1. 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?

Determining How to Make Your Project More Productive B1. 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

Determining How to Make Your Project More Profitable B1. 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

Considerations When Expanding Your SAE B2. 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?

Expanding a Placement SAE Project B3. 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)

Expanding an Entrepreneurship SAE Project B3. 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?