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Animal Science- Animal Science- Small Animal Small Animal Unit A Unit A Leadership Leadership

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Page 1: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Animal Science- Small Animal Science- Small AnimalAnimal

Unit AUnit A

LeadershipLeadership

Page 2: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Essential Standard 1.00Essential Standard 1.00

Demonstrate leadership qualities Demonstrate leadership qualities through participation in the small through participation in the small animal care instructional program.animal care instructional program.

Page 3: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Objective 1.01Objective 1.01

Discuss leadership qualities desired Discuss leadership qualities desired by the small animal care industry.by the small animal care industry.

Page 4: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Define LeadershipDefine Leadership

Assignment:Assignment:– Take a few moments to quietly write a Take a few moments to quietly write a

definition of leadership in your definition of leadership in your notebook.notebook.

– After writing a definition of leadership After writing a definition of leadership list all the traits you think are necessary list all the traits you think are necessary for someone that is considered a good for someone that is considered a good leader.leader.

Page 5: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Leadership QualitiesLeadership Qualities

IntegrityIntegrity– HonestyHonesty

CourageCourage– Willing to go forward under difficult Willing to go forward under difficult

circumstancescircumstances ManagementManagement

– Using people, resources, process to Using people, resources, process to reach a goalreach a goal

Page 6: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Leadership QualitiesLeadership Qualities

UnselfishnessUnselfishness– Placing the desires and welfare of Placing the desires and welfare of

others above yourselfothers above yourself LoyaltyLoyalty

– Reliable support for an individual, Reliable support for an individual, group or causegroup or cause

EnthusiasmEnthusiasm– Energy to do a job and the inspiration Energy to do a job and the inspiration

to encourage othersto encourage others

Page 7: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Leadership QualitiesLeadership Qualities

PlanPlan– Able to think through, determine Able to think through, determine

proceduresprocedures KnowledgeKnowledge

– Awareness, understandingAwareness, understanding TactTact

– Saying and doing the right thing without Saying and doing the right thing without offendingoffending

Page 8: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Leadership QualitiesLeadership Qualities

Assignment:Assignment:– In a group of no more than three people In a group of no more than three people

please rank the 9 leadership qualities please rank the 9 leadership qualities discussed in class with 1 being the most discussed in class with 1 being the most important and 9 being the least important and 9 being the least important trait of a good leader. Write important trait of a good leader. Write you answers on a sheet of notebook you answers on a sheet of notebook paper and be ready to defend your paper and be ready to defend your response.response.

Page 9: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Components of the Instructional Components of the Instructional ProgramProgram

Supervised Agricultural Experience Supervised Agricultural Experience (SAE)(SAE)– Provides opportunities to explore Provides opportunities to explore

interests, gain work experiences, and interests, gain work experiences, and keep records.keep records.

Page 10: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Components of the Instructional Components of the Instructional ProgramProgram

Classroom InstructionClassroom Instruction– Studying and learning subject matter in Studying and learning subject matter in

the classroom.the classroom. Laboratory InstructionLaboratory Instruction

– Learning by demonstrations and Learning by demonstrations and practice in shops, greenhouses, practice in shops, greenhouses, nurseries, and other settings. nurseries, and other settings.

Page 11: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Components of the Instructional Components of the Instructional ProgramProgram

FFAFFA– The organization that develops The organization that develops

leadership, citizenship skills, and leadership, citizenship skills, and student ability in parliamentary law.student ability in parliamentary law. Includes Career Development Events (CDE) Includes Career Development Events (CDE)

for students.for students.Communication skills are developed through Communication skills are developed through

speaking and CDEs such as public speaking, speaking and CDEs such as public speaking, creed, parliamentary procedure, agricultural creed, parliamentary procedure, agricultural sales and oral reasons. sales and oral reasons.

Page 12: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Other Agricultural AgenciesOther Agricultural Agencies

Cooperative Extension ServiceCooperative Extension Service– Educational agency of the USDA and Educational agency of the USDA and

part of the university systempart of the university systemSponsors 4-H clubs to enhance personal Sponsors 4-H clubs to enhance personal

development and provide skill development development and provide skill development for agricultural youth.for agricultural youth.

Page 13: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Objective 1.02Objective 1.02

Use public speaking techniques to Use public speaking techniques to deliver a speech.deliver a speech.

Page 14: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Types of SpeechesTypes of Speeches

InformativeInformative– Provides knowledge or informationProvides knowledge or information

PersuasivePersuasive– Convince people to believe in or move Convince people to believe in or move

to actionto action IntegrateIntegrate

– Pep talks, welcome speeches, Pep talks, welcome speeches, introductionsintroductions

Page 15: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Methods of PresentationsMethods of Presentations

PreparedPrepared– The speech is written and learnedThe speech is written and learned

ExtemporaneousExtemporaneous– Little or no formal preparation Little or no formal preparation

Page 16: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Variables to ConsiderVariables to Consider

PurposePurpose– Why are you giving a speech?Why are you giving a speech?

AudienceAudience– What group is hearing the speech?What group is hearing the speech?

OccasionOccasion– What is the event?What is the event?

Page 17: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Variables to ConsiderVariables to Consider

ContentContent– What is in the speech?What is in the speech?

CompositionComposition– How is the speech written or organized?How is the speech written or organized?

Page 18: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Variable in Oral DeliveryVariable in Oral Delivery

VoiceVoice– Pitch, quality, articulation, Pitch, quality, articulation,

pronunciation, forcepronunciation, force Stage presenceStage presence

– Appearance, poise, attitude, Appearance, poise, attitude, confidence, ease before audience, confidence, ease before audience, personality, posturepersonality, posture

ExpressionExpression– Sincerity, emphasis, directnessSincerity, emphasis, directness

Page 19: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Variable in Oral DeliveryVariable in Oral Delivery

Response to questionsResponse to questions– accurateaccurate– ability to think quicklyability to think quickly

General EffectGeneral Effect– InterestingInteresting– UnderstandableUnderstandable– ConvincingConvincing– PleasingPleasing– Holds attentionHolds attention

Page 20: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Speech OutlineSpeech Outline

IntroductionIntroduction– Used to create interestUsed to create interest– Gets the audience’s attentionGets the audience’s attention– Sets the stage for the speechSets the stage for the speech

BodyBody– Most of the contentMost of the content– Largest partLargest part

Page 21: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Speech OutlineSpeech Outline

ConclusionConclusion– Summary of the speechSummary of the speech– Restates major pointsRestates major points

Page 22: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Choosing a TopicChoosing a Topic

Should be of interest to the audience Should be of interest to the audience where the speech will be given.where the speech will be given.

Takes into consideration the needs of Takes into consideration the needs of the audience and the reason the the audience and the reason the speech should be important to the speech should be important to the audience.audience.

Page 23: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Objective 1.03Objective 1.03

Use Robert’s Rules of Order to Use Robert’s Rules of Order to conduct an orderly transaction of conduct an orderly transaction of business.business.

Page 24: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

What is Parliamentary What is Parliamentary Procedure?Procedure?

Parliamentary procedure is a Parliamentary procedure is a systematic way of organizing systematic way of organizing meetings meetings

Parliamentary procedure is Parliamentary procedure is

governed by Robert’s Rules governed by Robert’s Rules

of Orderof Order

Page 25: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Parliamentary LawParliamentary Law

Robert’s Rules of OrderRobert’s Rules of Order– Rules for conducting a meetingRules for conducting a meeting– Assures that all sides are treated fairly Assures that all sides are treated fairly

and that everyone has the opportunity and that everyone has the opportunity to discuss and voteto discuss and vote

Page 26: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Parliamentary LawParliamentary Law

Main Objective:Main Objective:1.1. Focus on one item at a timeFocus on one item at a time

2.2. Extend courtesy to everyoneExtend courtesy to everyone

3.3. Observe the rule of the majorityObserve the rule of the majority

4.4. Ensure the rights of the minorityEnsure the rights of the minority

Page 27: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Methods of VotingMethods of Voting

VoiceVoice– Aye (pronounced “I”) or “No”Aye (pronounced “I”) or “No”

RisingRising– Standing or show of handsStanding or show of hands

Secret BallotSecret Ballot– Often used for elections or nominationsOften used for elections or nominations

Roll CallRoll Call– Each member is asked to state voteEach member is asked to state vote

Page 28: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

VotingVoting

Single majoritySingle majority– one vote more than 50% or ½ of the one vote more than 50% or ½ of the

votes castvotes cast Two-thirds majorityTwo-thirds majority

– 2/3 of the members must be for the 2/3 of the members must be for the motionmotion

– usually used when the rights of the usually used when the rights of the members are limited members are limited

Page 29: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

VotingVoting

QuorumQuorum– number of members required to conduct number of members required to conduct

businessbusiness

Page 30: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

GavelGavel

Symbol of authoritySymbol of authority Meaning of the tapsMeaning of the taps

– 1 tap means to be seated1 tap means to be seated– 2 taps means the meeting is called to 2 taps means the meeting is called to

orderorder– 3 taps means that members should 3 taps means that members should

standstand– Series of tapsSeries of taps

““be quiet and orderly”be quiet and orderly”

Page 31: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Rank of MotionsRank of Motions

Most motions are made when the Most motions are made when the floor is open.floor is open.

Motions must be higher ranking or Motions must be higher ranking or arise out of the motion to be made arise out of the motion to be made when a motion is on the floor. when a motion is on the floor. – Adjourn is the highest ranking motionAdjourn is the highest ranking motion

Can be made at any time Can be made at any time

Page 32: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

MotionsMotions

Page 33: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Main MotionMain Motion

Used to get group approval for a new Used to get group approval for a new project or some other course of project or some other course of actionaction

Wording: “I move” NOT “I make a Wording: “I move” NOT “I make a motion”motion”

Page 34: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Main MotionMain Motion

Requires secondRequires second DebatableDebatable AmendableAmendable Majority vote requiredMajority vote required Can be reconsideredCan be reconsidered

Page 35: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AmendmentsAmendments

Used to change a main motionUsed to change a main motion 3 ways to amend: addition, 3 ways to amend: addition,

substitution, striking outsubstitution, striking out Wording: “I move to amend the Wording: “I move to amend the

motion”motion”

Page 36: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AmendmentsAmendments

Requires secondRequires second DebatableDebatable AmendableAmendable Majority vote requiredMajority vote required Can be reconsideredCan be reconsidered

Page 37: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AdjournAdjourn

Used to end a meetingUsed to end a meeting Wording: “I move to adjourn”Wording: “I move to adjourn”

Page 38: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AdjournAdjourn

Cannot be debatedCannot be debated Cannot be amendedCannot be amended Cannot be reconsideredCannot be reconsidered Requires secondRequires second Majority vote requiredMajority vote required

Page 39: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AppealAppeal

Changes a decision made by the Changes a decision made by the chairchair

Wording: “I appeal the decision of Wording: “I appeal the decision of the chair”the chair”

InterruptibleInterruptible– You may interrupt another person who is You may interrupt another person who is

currently assigned the floorcurrently assigned the floor

Page 40: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

AppealAppeal

Requires a secondRequires a second DebatableDebatable Can be reconsideredCan be reconsidered Not amendableNot amendable Majority vote requiredMajority vote required

Page 41: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Point of OrderPoint of Order

Used when one believes a Used when one believes a parliamentary error has been madeparliamentary error has been made

Wording: “I rise to a point of order”Wording: “I rise to a point of order” InterruptibleInterruptible

Page 42: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Point of orderPoint of order

Not debatableNot debatable Not AmendableNot Amendable Does not require Does not require

secondsecond Cannot be Cannot be

reconsideredreconsidered No vote requiredNo vote required

Page 43: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Division of the HouseDivision of the House

Calls for a counted voteCalls for a counted vote Wording: “I call for a division of the Wording: “I call for a division of the

house.”house.” InterruptibleInterruptible

Page 44: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Division of the HouseDivision of the House

Not debatableNot debatable Not AmendableNot Amendable Does Does notnot require second require second Cannot be reconsideredCannot be reconsidered No vote requiredNo vote required

Page 45: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Lay on the tableLay on the table

To postpone a motion to the next To postpone a motion to the next meetingmeeting

Motion must be taken from the table Motion must be taken from the table at the next meeting to be discussedat the next meeting to be discussed

Wording: “I move to lay this motion Wording: “I move to lay this motion on the table”on the table”

Page 46: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Lay on the tableLay on the table

Requires secondRequires second Not debatableNot debatable Not amendableNot amendable Cannot be Cannot be

reconsideredreconsidered Majority voteMajority vote

Page 47: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Previous questionPrevious question

Used to stop debate and voteUsed to stop debate and vote Wording: “I move to previous Wording: “I move to previous

question”question”

Page 48: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Previous questionPrevious question

Second requiredSecond required Not debatableNot debatable Not amendableNot amendable Can be reconsidered before voteCan be reconsidered before vote 2/3 vote required2/3 vote required

Page 49: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Refer to committeeRefer to committee

Used to gain more information on a Used to gain more information on a motion before votingmotion before voting

Wording: “I move to refer this Wording: “I move to refer this motion to a committee to report at motion to a committee to report at our next meeting.”our next meeting.”

Page 50: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Refer to committeeRefer to committee

Second requiredSecond required DebatableDebatable AmendableAmendable Can be Can be

reconsideredreconsidered Majority voteMajority vote

Page 51: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Essential Standard 2.00Essential Standard 2.00

Develop career objectives by Develop career objectives by implementing a Supervised implementing a Supervised Agricultural Experience ProgramAgricultural Experience Program

Page 52: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Objective 2.01Objective 2.01

Explore types of SAE programs.Explore types of SAE programs.

Page 53: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Factors to Consider when Selecting Factors to Consider when Selecting a Careera Career

Standard of Living-Pay, locationStandard of Living-Pay, location Personal Contact-working more with Personal Contact-working more with

people or with thingspeople or with things Educational RequirementsEducational Requirements Practice experiences or skills Practice experiences or skills

requiredrequired Location of employmentLocation of employment

Page 54: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Your interests, likes and dislikesYour interests, likes and dislikes Working conditionsWorking conditions Working hours and time for leisure Working hours and time for leisure

activitiesactivities Retirement benefitsRetirement benefits Your health and happinessYour health and happiness

Factors to Consider when Selecting Factors to Consider when Selecting a Careera Career

Page 55: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Steps in Choosing a CareerSteps in Choosing a Career

1.1. Consider your interests, abilities, Consider your interests, abilities, and other characteristics.and other characteristics.

2.2. Narrow the field of jobs.Narrow the field of jobs.

3.3. Study the requirements of the job—Study the requirements of the job—get good informationget good information

4.4. Plan for alternative occupations—Plan for alternative occupations—the first choice may not work out.the first choice may not work out.

Page 56: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Steps in Choosing a CareerSteps in Choosing a Career

5.5. Develop a plan for career Develop a plan for career preparation—early career planning preparation—early career planning can help you take the right courses can help you take the right courses in high schoolin high school

6.6. Be willing to pay the price for Be willing to pay the price for success—education, dedicationsuccess—education, dedication

7.7. Get work experience—SAE, Get work experience—SAE, cooperatives, part-time jobcooperatives, part-time job

Page 57: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

School-to-workSchool-to-work

For a school-to-work plan to be For a school-to-work plan to be effective, it must be implemented.effective, it must be implemented.

Page 58: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Objective 2.02Objective 2.02

Use an appropriate SAE record Use an appropriate SAE record system to substantiate SAE activities.system to substantiate SAE activities.

Page 59: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Elements of a Financial (Net Worth) Elements of a Financial (Net Worth) StatementStatement

Current Assets-items that can be Current Assets-items that can be quickly converted into cash or that will quickly converted into cash or that will be sold within 12 monthsbe sold within 12 months– Cash on handCash on hand– Checking and savings accountsChecking and savings accounts– StocksStocks– Bonds and cash value of life insuranceBonds and cash value of life insurance– Money others owe youMoney others owe you– Current non-depreciable inventoryCurrent non-depreciable inventory

Page 60: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Non-current assets-items that have a Non-current assets-items that have a useful life of more than one year and useful life of more than one year and are used in the businessare used in the business– Non-current, non-depreciable inventoryNon-current, non-depreciable inventory– LandLand

Total assets=current assets + non-Total assets=current assets + non-current assetscurrent assets

Elements of a Financial (Net Worth) Elements of a Financial (Net Worth) StatementStatement

Page 61: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Current liabilities-accounts and notes Current liabilities-accounts and notes payable, this year’s part of non-payable, this year’s part of non-current liabilitiescurrent liabilities– Bill for animal feedBill for animal feed– Power billPower bill– This year’s portion of a tractor loanThis year’s portion of a tractor loan

Elements of a Financial (Net Worth) Elements of a Financial (Net Worth) StatementStatement

Page 62: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Non-current liabilities-mortgages and Non-current liabilities-mortgages and other debts not due this yearother debts not due this year

Total liabilities=current liabilities + Total liabilities=current liabilities + non-current liabilitiesnon-current liabilities

Elements of a Financial (Net Worth) Elements of a Financial (Net Worth) StatementStatement

Page 63: Animal Science- Small Animal Unit A Leadership. Essential Standard 1.00 Demonstrate leadership qualities through participation in the small animal care

Net worth or owner’s equity=total Net worth or owner’s equity=total assets minus total liabilitiesassets minus total liabilities

Debt-to-equity ratio=total assets/net Debt-to-equity ratio=total assets/net worthworth– Often used in determining whether to Often used in determining whether to

grant a loangrant a loan

Elements of a Financial (Net Worth) Elements of a Financial (Net Worth) StatementStatement