FINANCIAL LITERACY

Course Description

This topic focuses on the ability to understand and manage business finance matters in an efficient manner, and it includes the knowledge of making appropriate decisions about business finance such as income, expenses, assets, liabilities and financial reporting.

Key concepts covered include:

• INTRODUCTION
• BENEFITS OF FINANCIAL LITERACY
• PILLARS OF FINANCIAL LITERACY
• BUSINESS EXPENSES
• BUSINESS CASHFLOW
• ASSETS
• LIABILITIES
• BALANCE SHEET
• INCOME STATEMENT
• COST VS. EXPENSES