Explain the importance of establishing and maintaining a financial and production record-keeping system for an agricultural enterprise.
DefinitionExplanation should include
- types of records
- financial records
- production records
- the importance of record keeping
- Internal Revenue Service (IRS) (e.g., proof of income, expenses, inventory, and depreciation on tax returns)
- balance sheets
- cash flow statements
- income statements
- institutional requirements
- environmental regulations
- selecting an applicable record-keeping system
- comparing paper and digital record-keeping systems
- importance of analyzing the agricultural enterprise’s records
- creating a production record-keeping system using computer software
- evaluating the enterprise using financial and production records.
- What could be some of the consequences of not maintaining records for an animal enterprise?
- What are some of the record-keeping categories for health, breeding, and production?
- What systems are available to assist producers in maintaining records?
Related Standards of Learning
The student will read, interpret, analyze, and evaluate nonfiction texts.
- Analyze text features and organizational patterns to evaluate the meaning of texts.
- Recognize an author’s intended audience and purpose for writing.
- Skim materials to develop an overview and locate information.
- Compare and contrast informational texts for intent and content.
- Interpret and use data and information in maps, charts, graphs, timelines, tables, and diagrams.
- Draw conclusions and make inferences on explicit and implied information using textual support as evidence.
- Analyze and synthesize information in order to solve problems, answer questions, and generate new knowledge.
- Analyze ideas within and between selections providing textual evidence.
- Summarize, paraphrase, and synthesize ideas, while maintaining meaning and a logical sequence of events, within and between texts.
- Use reading strategies throughout the reading process to monitor comprehension.
The student will read, interpret, analyze, and evaluate a variety of nonfiction texts including employment documents and technical writing.
- Apply information from texts to clarify understanding of concepts.
- Read and correctly interpret an application for employment, workplace documents, or an application for college admission.
- Analyze technical writing for clarity.
- Paraphrase and synthesize ideas within and between texts.
- Draw conclusions and make inferences on explicit and implied information using textual support.
- Analyze multiple texts addressing the same topic to determine how authors reach similar or different conclusions.
- Analyze false premises, claims, counterclaims, and other evidence in persuasive writing.
- Recognize and analyze use of ambiguity, contradiction, paradox, irony, sarcasm, overstatement, and understatement in text.
- Generate and respond logically to literal, inferential, evaluative, synthesizing, and critical thinking questions about the text(s).
History and Social Science
The student will apply social science skills to understand the social, political, and cultural movements and changes in the United States during the second half of the twentieth century by
- explaining the factors that led to United States expansion;
- evaluating and explaining the impact of the Brown v. Board of Education decision, the roles of Thurgood Marshall and Oliver W. Hill, Sr., and how Virginia responded to the decision;
- explaining how the National Association for the Advancement of Colored People (NAACP), the 1963 March on Washington, the Civil Rights Act of 1964, the Voting Rights Act of 1965, and the Americans with Disabilities Act (ADA) had an impact on all Americans;
- analyzing changes in immigration policy and the impact of increased immigration;
- evaluating and explaining the foreign and domestic policies pursued by the American government after the Cold War;
- explaining how scientific and technological advances altered American lives; and
- evaluating and explaining the changes that occurred in American culture.
The student will design and apply computer programs to solve practical problems in mathematics arising from business and applications in mathematics.
The student will select and call library functions to process data, as appropriate.