2. Financial literacy refers to the
skills and knowledge required
to make effective and efficient
decisions with financial resources.
3. Some of these may include:
• Accounting
• Asset management
• Financial Reporting
• Pricing
• Financial Analysis
• Cash flow management
4. In the business world insufficient financial
training can slow productivity and prevent
organisations from operating efficiently.
In fact, many business failures and bankruptcies
over the past few years can be attributed to
poor financial decisions.
5. The Solution
Financial literacy depends on the proper
education and training.
It is essential to establish a solid foundation
based on sound financial understanding and
core principles of money.