Enhancing the Financial Literacy of SMAS Asshomadiyah Bangkalan Students through Empirical Learning-Based MSME Valuation Training

Abstract

The economic potential of Bangkalan from the basic sector shows an increase through the GRDP indicator, especially in the agricultural and manufacturing sectors, with potential in the basic and non-basic sectors. SMAS Asshomadiyah as one of the Islamic-based educational institutions in Madura, has potentials to produce graduates who will have parts in maintaining and improving the regional economy. The purpose of this program is to improve the financial literacy of the younger generation and improve strategic skills based on the competitiveness of MSMEs. The methods used in this activity are in the form of cooperation between institutions, the implementation of short seminars and practical activities, final tests with post-training communication, publication of mass media articles, and publication of articles in national journals. The results of this activity are the implementation of seminars and short training on business valuation literacy materials including total asset value (firm size), book value of debt and equity, sustainable growth rate. The material for analyzing the business competitiveness index includes presence in international and domestic markets, online presence through the web and marketplace, and capabilities in the decision-making process. The activities were carried out well, with potential improvements to the quality of similar activities next year