Asset- something of value Current Asset- something of value kept less than a year Non-current Asset- something of value kept longer than one year. Liability- something money is owed on Current liability- money paid within a year Non-current liability – money owed beyond the current year. Non-depreciable- assets that are not losing value Depreciable – assets that are losing value over time.
Categorize the list of inventory as assets, liabilities, current, non-current, depreciable or non-depreciable
Enter the inventory items on to pages 5,6 and 7 of the State/American Degree Application. Check for accuracy Add sections A, B, C, and D = total current inventory Add sections E,F, G, H, and I = total non-current inventory
Pages 8a, 8b or 6a,6b (proficiency app.) Lines 1f and 1g have to be offset/equal lines 2c and 2e. Page 7 of proficiency Columns A and C are for the SAE program Columns B and D are total for all SAE programs. Columns B and D have to be equal to or greater than columns A and C respectively.
Page 2 classify hours/inventory to a specific proficiency area. Page 2 hours for placement must match on pages 3 and 4. Page 2 inventory for entrepreneur is total for the whole year, the rest of the application is the end of the year inventory – therefore they will not match. Records end on Dec. 31.
Current and non-current- on page 9 of the State/American degree must show entries here. Everyone spends money on current and non- current items not related to their SAE program. Page 11 personal expenses are for things not listed on page 9. Everyone spends money on things not related to their SAE!
State/American Degree page 11 line 22e this is for all years of records not just the last year. Every student has expenses do not leave this blank! If student earned $600 they pay 7.65% as an employee in taxes and employer matches that. If entrepreneur has a profit they have to pay all 15.3% taxes. This is FICA plus Medicare.
State/American Degree page 3 and 4 expenses listed here should be for boots, gloves, safety goggles/glasses, hairnets, etc. This is not where students record taxes. This is not an expense.
1. How you got started in the SAE program 2. How your roles and responsibilities related to this SAE have changed. 3. Briefly explain the greatest challenge you faced and how you overcame it. 4. Progress – 3 greatest accomplishments or findings. 5. 3 ways your SAE will impact your future.
Drop downs are located on the application for the placement hours. Students will have to match their work and skills to career cluster performance indicators.
Just like pages 5,6 and 7 of the State/American Degree application Page 8a, 8b will be the same except at the top there is room for a brief description. Ag Performance indicators are listed in the application
Listed in the application 10 skills match to performance indicators Entrepreneurs will record hours worked in their program with the career cluster drop down.
Both placement and entrepreneur are on the same application in combined proficiency areas. Essay questions are the same for both the placement and entrepreneur applications.
Degrees Proficiencies Record books Resources available