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Recordkeeping

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
Supervised Agriculture Experience   show
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Entrepreneurship SAE   show
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show A job experience project, either paid or unpaid.  
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show A project that requires a (a) research question, (b) review or already completed research, (c) experiment using the scientific method and (d) develop a final report including results and project findings.  
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Exploratory SAE   show
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show An unpaid project that improves a physical item.  
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Supplemental SAE   show
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show Agriculture education program events that are (a) targeted to a program’s objective, (b) relate to the program’s mission statement and are (c) planned with measurable goals used in measuring results.  
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AET Experience   show
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show Basic student (a) contact information, (b) courses in agricultural education, (c) resume accomplishments and (d) leadership positions.  
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AET Journal   show
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show To review and edit any type of journal entry.  
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AET Experience Journal   show
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show Time invested as an elected FFA officer.  
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AET FFA Committee Journal   show
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AET Competitions Journal   show
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AET FFA Other Events   show
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AET Community Service Journal   show
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show Financial values related to agricultural education such as (a) beginning inventory, (b) paychecks, (c) cash and (d) non-cash transactions, (e) loans, (f) capital items and (g) personal transactions.  
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AET Finance Transaction List   show
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AET Student Portfolio   show
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Current Inventory   show
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Non-Current Inventory   show
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show Items before student’s first day of ag education, and includes (a) AET Experience expenses, (b) Non-current inventory items and (c) cash.  
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AET Market Adjustment   show
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show Purchased cash items to be used in an AET Experiences (SAEs) to supplement or manage the projects growth.  
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show Purchase, sell or record the usage of capital items.  
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show The estimated sales price of capital items once usage is complete or the asset has served the intended purpose for the current user.  
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show The estimated number of years the item will perform the intended use.  
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show Represents an annualized cost of a capital item. Depreciation is a noncash transaction that is calculated from the (a) cost of the capital item, (b) minus the salvage value and (c) divided by the useful life of the item.  
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show The annual percent allocation of depreciation cost from a capital item to each AET Experience (SAE).  
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show Cash earned from AET Experience project, which is typically referred to as income or sales.  
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show Income or expense transactions that do not involve cash, but rather a trading or bartering for services. All values are usually recognized as market values.  
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SAE Labor Exchange (Non-Cash)   show
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Non-SAE Labor Exchange (Non-Cash)   show
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show Trading items between AET Experiences (SAE) and recording income to one project while at the same time recognizing an expense to another project.  
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show Receiving a gift of expense related items used in developing an AET Experience (SAE) versus purchasing the items with cash.  
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show Recognizing the non-cash sale to a student’s family and usually is valued at a typical market price.  
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Transfer to a Capital Item (Non-Cash)   show
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Created by: cgriffis86
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