Youth Entrepreneurs in St. Lucia Complete Bookkeeping Training
Introduction
Forty-two young entrepreneurs in St. Lucia have completed an Introduction to Bookkeeping training course with the Youth Economy Agency (YEA). This achievement demonstrates the demand for building capacity in entrepreneurship in the region.
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The Training
The training, held under the theme "Building Financial Confidence — The Power of Accurate Bookkeeping," was part of the broader support from the Taiwan Technical Mission (TTM) and the YEA. The training was designed with practical application in mind, focusing on essential paper-based methods that are the cornerstone of sound business management.
Certificate Ceremony
At the certificate ceremony, H.E. Peter Chia-Yen Chen, Taiwan’s Ambassador to Saint Lucia, congratulated the participants for taking the bold step to advance their financial knowledge. He commended the YEA for its tireless dedication to delivering transformative programs.
Keynote Address
Mr. Thomas Leonce, Chairperson of the YEA, congratulated the participants for completing the course, emphasizing the importance of perseverance, persistence, patience, and passion in entrepreneurship. He shared his own professional career, highlighting how he turned his hobbies into entrepreneurship and skills into business.
Words of Wisdom
Leonce shared crucial words of advice with the participants, emphasizing the importance of keeping records, saving data, and tracking data to generate information for decision-making.
Program Structure
The program consisted of four weeks of intensive training, with participants receiving 42 hours of training. The training covered essential skills, including Understanding Fundamental Bookkeeping Concepts, Applying Double Entry Accounting Principles, Creating and Interpreting Financial Statements, Performing Bank Reconciliations, and Making Informed Decisions Based on their Financial Records.
Conclusion
The completion of this training course is a significant achievement for the young entrepreneurs in St. Lucia. The program has equipped them with practical skills that can be immediately applied to their businesses, enhancing their financial confidence and decision-making abilities.
FAQs
Q: What was the theme of the training program?
A: The theme was "Building Financial Confidence — The Power of Accurate Bookkeeping."
Q: How many participants completed the training?
A: Forty-two participants completed the training.
Q: What was the duration of the training program?
A: The program consisted of four weeks of intensive training.
Q: What skills did the participants learn?
A: Participants learned essential skills, including Understanding Fundamental Bookkeeping Concepts, Applying Double Entry Accounting Principles, Creating and Interpreting Financial Statements, Performing Bank Reconciliations, and Making Informed Decisions Based on their Financial Records.
Q: What was the purpose of the training program?
A: The purpose was to equip young entrepreneurs in St. Lucia with practical skills in bookkeeping and financial management, enhancing their financial confidence and decision-making abilities.
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