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| AEE 522 Occupational Experience in Agriculture |
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Class 7: Entrepreneurship |
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Objectives: Upon completion of this
lesson
you should be able to:
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Learning Activities:
These activities should be completed before class for on-campus students as this provides a foundation for the class discussion. For distance education students, these activities constitute the lesson. Pay special attention to the PowerPoint Presentation. |
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Laboratory:
For
students
who are taking the class live on campus, there is a one and half hour
lab. This
activity will be done during the lab. |
Introduction: Research
into the value of SAE indicates one of the greatest values is the
ability to keep records. In the lab today, we will be working on
keeping records on entrepreneurship. Up until now, the record keeping
sections in the record book have been mostly self explanatory.
Entrepreneurship records are a little more involved. Records are kept on the project, not the student. What this means is that if feed is provided to an animal, there is a cost involved. So even if Dad provides the feed, an expense must be entered. There are several categories of expenses in the record book. A non-cash expense means the student did not have to fork over any money-yet there was still an expense involved. Somebody had to pay for it. Likewise, a similar system is used for income. If you have a garden or hens, and eat the vegetables or eggs, they still have a value as if you sold them. So this is entered as products used at home. Even if I gave a dozen ears of corn to a neighbor, this is still classified as products used at home. You will complete sections 1, 5, 6, and 7 of the IMS record book. Each student will receive an individual scenario for filling out their entrepreneurship and placement records. |
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