Today, July 31, 2020, the Ministry of Digital Transformation of Ukraine in partnership with the International Finance Corporation (IFC), a member of the World Bank Group, presented the educational series “Financial Literacy for Entrepreneurs” on the platform “Diya. Business “.
The educational series consists of 20 episodes and covers the following topics:
Choosing the legal form of the company and the tax system. What is revenue. We discuss operating expenses. What is EBITDA of an enterprise and why it is important. “Cash gaps”. What is balance and why is it important. Why do you need a financial model and its various scenarios. What is a break-even point.
During the presentation of the project, Deputy Minister of Digital Transformation for European Integration Valeria Ionan noted the problem of the lack of comprehensive knowledge among entrepreneurs on the effective management of personal finances during the crisis period.
“Last month, the Ministry of Digital Development and partners launched the first National Online Schools for Entrepreneurs on the Diya platform. Business. Today we are taking the next important step by presenting a large-scale course “Financial Literacy for Entrepreneurs”, stressed Valeria Ionan.
In turn, the head of IFC activities in Ukraine, Elena Voloshina, noted that the better an entrepreneur has financial literacy, the better the results of his business.
“Business must communicate in the same language with financial institutions. It is the language of financial reporting. But it is even more important for a business to understand its own financial performance. Therefore, understanding financial vocabulary is absolutely essential. ”
The educational series “Financial Literacy for Entrepreneurs” is available on the “Diya. Business “at the following link.
The preparation of the educational series was made possible by the support of international partners in the framework of the IFC four-year project “Financial Inclusion for Economic Growth in Ukraine”, which is being implemented in partnership with the Swiss State Secretariat for Economic Affairs (SECO) and the UK Good Governance Foundation (GGF).
Recall that in early July this year, the Ukrainian educational platform Prometheus launched an online course “Fundamentals of Finance and Investment”.
Source: Ministry of Digital Transformation