SAE/ Careers and SAE/ Careers and Record Keeping Record Keeping

Objectives Objectives

Know the type of Know the type of SAESAE’’s s

Have every student Have every student develop an SAEdevelop an SAE

Understand Factors Understand Factors when considering a when considering a career career

AsetsAsets LiabilitiesLiabilities Debt-to Equity Debt-to Equity

Ratio Ratio Net Worth Net Worth SAESAE Co-curricular Co-curricular

Terms

What is an SAE?What is an SAE?

SAE Stands for SAE Stands for ““Supervised Supervised Agriculture ExperiencAgriculture Experiencee ””

They are programs They are programs that involve practical that involve practical agricultural activities agricultural activities performed by students performed by students outside of class.outside of class.

Why is SAE Important? Why is SAE Important?

Just like the FFA Just like the FFA SAESAE’’s are co-s are co-curricular with an curricular with an agriculture agriculture programprogram

Every agriculture Every agriculture student is student is requiredrequired to have to have an SAE.an SAE.

Types of SAETypes of SAE EntrepreneurshipEntrepreneurship

• Own Business Own Business PlacementPlacement

• Working for a company Working for a company or person or person

ImprovementImprovement• Improving something Improving something

Ag related Ag related ExploratoryExploratory

• Job Shadowing Job Shadowing SupplementarySupplementary

• Small 1 day project Small 1 day project Research and Research and

ExperimentationExperimentation• Gathering Data on Gathering Data on

something agricultural something agricultural

Record Keeping Record Keeping Keeping records of Keeping records of

your SAE is important your SAE is important to the success of the to the success of the project project

All records should be All records should be kept in a record book kept in a record book and update often and update often • Hours spent Hours spent • Days research done Days research done • Research findingsResearch findings• How much money have How much money have

you made you made • Equipment bought sold.Equipment bought sold.

Financial Record Keeping Financial Record Keeping Assets Assets

• Something that you Something that you ownown

Liabilities Liabilities • Something that you Something that you

owe (bills, Payments, owe (bills, Payments, mortgage) mortgage)

CurrentCurrent• Sold, Paid or used up Sold, Paid or used up

within 12 months within 12 months Non-currentNon-current

• Sold, Paid or used up Sold, Paid or used up beyond 12 monthsbeyond 12 months

Total Assets/ Total Assets/ LiabilitiesLiabilities• Current + Current + • Non- Current Non- Current

Net worth or EquityNet worth or Equity• Total Assets- Total Total Assets- Total

Liabilities Liabilities Debt to Equity Debt to Equity

RatioRatio• Total Liabilities: Net Total Liabilities: Net

Worth Worth

Depreciation Depreciation

The devaluing of The devaluing of something over something over time time

Everything is Everything is depreciable depreciable except:except:• Quickly used assets Quickly used assets

(plants/animals)(plants/animals)• Feed/ medicineFeed/ medicine• Land Land

Factors to Consider When Starting Factors to Consider When Starting a Career a Career

Standard of LivingStandard of Living • Pay/ Location Pay/ Location

Personal ContactPersonal Contact• Working with people or Working with people or

with thingswith things Education Requirements Education Requirements Experience/ Skills Experience/ Skills Location of Employment Location of Employment Interests, Likes, dislikes Interests, Likes, dislikes Working Conditions Working Conditions Working HoursWorking Hours Retirement benefits Retirement benefits Health and Happiness Health and Happiness