Financial Literacy for the Trades

Financial Literacy for the Trades will provide learners with the ability to assess and update balance sheets and income statements, which are essential for trades professionals to effectively manage their business, helping them make informed financial decisions, and achieve long-term financial success. The microcredential includes budgeting, bookkeeping, and accounting basics such as taxation and financial risk management. By effectively managing revenue, expenditures, and taxes, participants of the program will be able to contribute to the growth and long-term financial success of their small business. Learning Outcomes: 1. Apply financial principles used to manage a balance sheet and an income statement 2. Apply financial knowledge and principles to make decisions and solve problems 3. Evaluate financial documents for accuracy 4. Design a comprehensive financial plan, developing strategies for budgeting, cost management and risk management Total class hours - 24