Personal Financial Statements

COURSE DESCRIPTION

While everyone wants to live a life of luxury, not everyone knows what goes into building a personal finance plan to get there. Most people are left wondering what types of investments would be best for them, how they should pay off their debt, and how to budget their money effectively. This course will provide you with the basic knowledge of your own financial income statements and balance sheet so that you can start planning for a better future today.It will give you the knowledge needed to set your financial goals and give you a viewpoint of your current financial status. Ask yourself this: Do you know how much you spend each month on things which is not important? If you do not know the answer, then ask yourself if you truly are in control of your finances?

This course aims to give you an idea of how much your net worth is. It looks at your own Debt to Equity Ratios, helps you set savings goals, and gives you the tools to see if you are on track to a more stable financial future. After all, how can you invest in anything if you do not know what is going on in your very own bank account?

CERTIFICATION

All of the courses on FinLitSA is geared to give knowledge and understanding that is not taught by traditional education systems. It is geared for those who want to widen their knowledge base just a little further or open them to completely new concepts. As FinLit SA is a financial literacy course, it is by no means providing financial advice. The aim is to strengthen financial literacy.

LEARNING OUTCOMES

• Understanding what an Income Statement and Balance Sheet is.
• Identify “good” and “bad” expenses.
• Do your own personal financial statement.
• Basic personal financial ratios to help set goals.
• Improve financial decision-making.
• Identify potential financial risks.