Step 1 Log into Practice AET on in the left upper menu & Set your practice class.

Similar documents
Course: AG 460-Agribusiness Management and Marketing

Contents. Acknowledgements... iv. Source of Data...v

Agriculture & Business Management Notes...

What type of Record Book to use: Animal: student owns or leases animals to market, produce, or compete Business: student owns/operates a business or

Using Enterprise Budgets in Farm Financial Planning

Fayette County Appraisal District

Estimating Cash Rental Rates for Farmland

How To Write A Business Plan

Forage Economics, page2. Production Costs

Crop-Share and Cash Rent Lease Comparisons Version 1.6. Introduction

This article illustrated deferred tax liabilities for a cash crop farm in west central Indiana. The

Wildlife Habitat Conservation and Management Program

SAMPLE COSTS FOR BEEF CATTLE YEARLING/STOCKER PRODUCTION 300 Head

Educational Efforts With FAST Tools

GAAP Accounting for Farmers presented by Tom Bayer, Partner, Sikich LLP

Estimation of Deferred Taxes

Available FSA and NRCS Disaster Assistance Programs Crop Insurance: Prevented Planting and Failed Acreage Considerations Click on title for video

Irrigation Scheduling on Small Grains using AZSCHED for Windows - Safford Agricultural Center, 2003

Basics of accounting Documentation basics Choosing an accounting system Common tax issues Get an advisor!!!

Increasing water availability through juniper control.

Livestock Rental Lease

Would you like to know more about the

Objectives. Raster Data Discrete Classes. Spatial Information in Natural Resources FANR Review the raster data model

Are There Ways To Capture Value From Wildlife?

BUSINESS/FARM SUPPLEMENT School Year

SCHEDULE C FORAGE PRODUCTION PLAN

Understanding Depreciation, Fixed, and Variable Costs

Farm Tax Record Book SAMPLE

San Jacinto County Appraisal District PO Box 1170 Coldspring, Texas (Fax)

Eastern Kentucky Meat Goat Budget Analysis

AGRICULTURE FINANCIAL STATEMENT Borrower # AND LOAN APPLICATION Telephone #

Agriculture & Business Management Notes...

Ratio Calculator. Program

Restoring Anadromous Fish Habitat in Big Canyon Creek Watershed. Summary Report 2002

SAMPLE COSTS FOR FINISHING BEEF CATTLE ON GRASS

Agricultural Commodity Marketing: Futures, Options, Insurance

HOW AGRICULTURAL PROPERTY

BUSINESS/FARM SUPPLEMENT School Year

Stocker Grazing or Grow Yard Feeder Cattle Profit Projection Calculator Users Manual and Definitions

Computerized Farm Records

COM PREHENSIVE GUIDE TO FARM FINANCIAL MANAGEM ENT AGRICULTURE. Module 7: Cash Flow Statement Analysis

DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES

Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers

Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016

STATISTICAL PROFILE OF CAPE BRETON. Prepared By: Nova Scotia Federation of Agriculture

Business Level 3. Unit 4 Business accounting. Layout of a Balance Sheet. Task 1. Instructions and answers for Teachers

Business Planning. for Small-Scale Community Farming Enterprises. Community Farms Program

Texas Wildlife Information Management Services (TWIMS) Texas Parks & Wildlife Department, Wildlife Division 2008 Present

Developing a Balance Sheet 1

Statistical Profile of Lunenburg County

Welcome to the financial reports topic

Ponds- Planning, Design, Construction

Two-Generation Farming

UGIP Technical Committee Key Principles of Grazing Management

Farm Financial Management

The Costs of Raising Replacement Heifers and the Value of a Purchased Versus Raised Replacement

Microsoft Word 2011: Create a Table of Contents

MHDC Asset Management Reporting System

Wildlifer 2013 Managing Wildlife on Private Lands

STANDARDS FOR RANGELAND HEALTH ASSESSMENT FOR SAGEHEN ALLOTMENT #0208

Enterprise Budgeting. By: Rod Sharp and Dennis Kaan Colorado State University

Customized Software for Ad & Creative Agencies

Table of Contents INDEX...47

Water Footprint Calculations for Pasture Based Beef Production

New Jersey FFA Association Guide to Online FFA Applications in 2016

Photo courtesy of the National Wild Turkey Federation NON-GAME GAME

WATER UTILITY REFERENCE MANUAL

CRP Mid-Contract Management Option: Integrated Wildlife Management (645)

Business Analysis: Which Financial Tools Should I Use? John F. Smith, Ph.D. Department of Animal Science and Industry, Kansas State University

SP-472 AUGUST Feral Hog Population Growth, Density and Harvest in Texas

Preparing for Success: Waterfowl Habitat Management Annual Planning by Houston Havens

Agricultural Income Tax Issues - An Educational Module Offered by the University of Wyoming

Pasture, Rangeland, and Forage Insurance: A Risk Management Tool for Hay and Livestock Producers

BUSINESS PRACTICES FIXED ASSETS INVENTORY

Processing Accounts Payable

MONITORING TOOLS AND METHODS. Michelle Buzalsky Rangeland Management Technician Shoshone National Forest

2016 Iowa Farm. Custom Rate Survey File A3-10 Many Iowa farmers hire custom machine work. Ag Decision Maker. Average Charge. Median Charge Range

Section 6: Cow-Calf Cash Flow Enterprise Budget Analysis 101

Uniform Accounting Network Inventory Manual. Table of Contents. Warranty Maintenance Debt Management Depreciation Disposal

Assessing the Value of Pecan Trees

How to Read a Farm's Balance Sheet

Mapping Application for Resource Planning

School of Economic Sciences

Balance Sheet. Financial Management Series #1 9/2009

Assessing and Improving Farm Profitability

Grazing as a Management Tool Summit at Whiterock

agricultural economy agriculture CALIFORNIA EDUCATION AND THE ENVIRONMENT INITIATIVE I Unit I Cultivating California I Word Wall Cards 426WWC

for Sage 100 ERP Work Order Overview Document

How much did your farm business earn last year?

The ABCs of Pasture Grazing

Farm families have traditionally used the single entry (often referred to as cash) method of accounting

Appspace 5.X Reference Guide (Digital Signage) Updated on February 9, 2015

but that was then. Today, those in agriculture may find themselves competing against lower-risk businesses for the services of a lender.

College of Agricultural Sciences and Natural Resources Online Courses

Barcode Label Generator

MANAGING YOUR FARM S FINANCIAL RISK

Introduction. XactContents Database. Page 3

MobileAsset Users Manual Web Module

Range Livestock Industry

Employee Training Plan Farm A

Transcription:

Example Entries for Project This example is focused on the entries needed to develop a complete set of records as well as illustrate how to make these entries in TheAET. Teacher Instructions: a. In this example, the goals are how to develop a research question and then have journal entries that are the steps to complete the research. The example time frame for this is to begin in the September and end in November. YOUR YEARS HAVE TO BE SET FOR ENTRIES IN THE CURRENT YEAR OR PRIOR; no future dates will work. b. To set this exercise, complete the base years for this example as: My Beginning Year is (a- ex 9/2012) to Ending Year is (b, ex 11/2012) * Since this is a short, these years may the same year, so beginning year (a) may also be the same as be a ending year (b) c. Encourage the students to use your set dates of a &b to complete the date sections of this example prior to them entering the work in Practice AET Student Instructions: This example is a student with a research that features: ü An example that starts in year (a) and ends in year (b) ü Creating a wildlife research project in the area of quail management in the areas of forage management on a ranch. To get started: ü Use your the years a & b above & complete all date blanks in the exercise. ü Once completed, follow the steps below using the Practice AET Account located on www.theaet.com & write your name & password for Practice AET below: Practice User Name Password ü When you log back into this to complete and edit your entries, make sure to log in using the Practice AET menu and NOT your normal log in area of AET Step 1 Log into Practice AET on www.theaet.com in the left upper menu & Set your practice class. a. Log into practice AET or create an account by completing the required information b. All students in AET have a first agricultural class, so once logged in, select PROFILE and choose to add your example starting September 1, (a)

Step 2 Creating your, Plan and Budget in AET using the Experience Manager a. Choose PROFILE and then to create this practice (Wildlife ) and select ADD NEW, then: Choose Natural Resource System, subtype as Nat. Resource Sys., type is and named as Wildlife Quail Project Develop a logical description, choose Quail Project, each, no management module, 100% ownership, and then hit SAVE b. Once created, your AET Experience Manager has a PLAN, which includes the following tabs to be completed <Add your own words to make this complete, and make sure to hit SAVE each time>: Description My to complete a research project in quail habitat is driven by my interest in wildlife and from the courses I have taken in agricultural education. My abstract of research is that grass availability is directly related to quail population, which is supported by many research findings (Hernandez and Ballard, 2011; Kuvlesky, 2010). My research question is: Is forage management for pasture a negative management practice to improve quail habitat? My research project is started by financial help from the ranch owner that will provide $1,200 in funding for this project. Time Investment My project starts at the beginning of school (September) and ends by November of (b). Supervision of my project is from my teachers and my parents. My project involves weekly labs at the ranch and research work. When I am working at the ranch I usually... My time planned to research involves... Learning Outcomes The completed research showed that native natural pastures are significantly higher in terms of quail volume and frequency of population during the inspections. Forage growth was actually less than improved pasture, but again population was higher. I also learned about wildlife management and this has increased my interest in this area. I do need more information about pasture management, which would come from classes in soils and maybe chemistry. Also, reproduction and habitat management would be of interest and I need more classes in biology and more wildlife management courses, which I plan to take in high school as well as in college. c. Once saved, you have set your plan.

Step 3 Now your financial entries, choose FINANCES menu for all of the following: a. We have begin by recording research funding by entering: CASH INCOME & EXPENSES to record our research funding by Selecting New cash income and Select CASH INCOME & enter the following: Date Vendor Experience Type $ Value Memo 9/1/ (a) Ewell $1,200.00 Funded research Ranches Funding for quail study b. Choose your menu, and select CASH INCOME & EXPENSES to record cash entries by choosing: Choosing CASH EXPENSES and enter the following: Date Vendor Expense Type $ Memo Value 9/1/ (a) Feed Store (Choose)- Supplies $150 Snake boots Next line Quail Proj. (Choose)- Supplies $50 Journal and Next line Quail Proj items (Choose)- Quail Proj Supplies $100 Grain for plots Save Cash $900 Current Inventory $0 Once you have entered these expenses, this will create current your amount of cash, which is $900. our 1200 minus 300 in expenses. c. Your project needs capital assets to operate, so choose to record your purchase of capital items (computer to work on the project) New Capital Item purchase, see details below: Date Vendor Type $ Cost 9/22/ (a) Best Buy Machinery & Equipment Cap. Items $740 $ Salvage Value Descr. Depreciation Owner $800 $500 Laptop computer Choose (5yr) 100% Capital items are non-current inventory values that are used to operate your other enterprises. In this case we purchased an item worth $800, but valued after 1 year of depreciation at $740, shown in the left menu balance sheet.

Step 4 Your financials are done, so record a JOURNAL entry to record your time Date Activity Type Descr. Hours Supervision 9/01/ (a) Purchase Purchasing my items needed to complete this research Items project 9/11/ (a) Scouting Quail pastures and ranches I visited several ranches this weekend to find a landowner that was willing to help me with a rent-free deal, great habitat and good variety of landscape. My teacher also accompanied me to review operations and meet landowners. 12 Yes, 9/15/ (a) Establish research plots Choosing Ewell ranches, I developed two pastures that I use as natural areas with no mowing or herbicide with the other pasture being managing as a livestock pasture. 4 None 10/15/ (a) Sample 1 Monitor test areas, count quail, rain gauges, measure pasture length and other work area. Also, did some repair work on 4 wheeler and trailer I am using from the ranch. 10/20/ (a) Sample 2 Second collection of data from sample plots 11/01/ (a) Sample 3 Collection of data 3, which is my final collection of research data 11/5/ (a) Data analysis Compiling data from collection sheets into MS Excel in order to summarize data and obtain preliminary results. My teacher also helped me with this process 5 Yes, 11/10/ (a) Data Reports Using the two test areas, each area had a total of 4 zones that served as the collection point. Each zone had measures such as quail population, rainfall, forage height and general assessment such as ants, other animals and fence condition. Each zone was approximately 5 acres, for a total of 20 acres per test area, which is a total of 40 acres. In this effort I summarized the average value data for each zone, total test area and across the entire sample. 11/20/ (a) Reports Once the data was analyzed, I developed tables and figures and placed in an MS Word file for the final report. This effort took over 2 weeks and represent the time from November 10 to 20th. 15 Yes, ü All done now review the following AET reports to make sure your entries match the values. You should run these reports in your AET Practice Entries, the menu for reports reports: and then choose these

1. Single Experience Report - - & choose Complete Report (pdf) - which will bring in all your entries (i.e. your plan, your journal entries, your expenses and income as well as profit and loss statement. b. *** Note, in your Profit and Loss Statement, you will see a few items to note: a. Your project used a laptop and that is a capital item, which creates depreciation. Depreciation is based on the cost of the item your set salvage value, then divided by useful life, which were all set when you purchased in this case your laptop. b. You will see this, though all about research but because of funding over your cost and the fact that your project allowed you to purchase an asset, this project also creates a profit. Review your complete reports and compare your AET Practice report to the key reports attached to these instructions.