Teaching financial literacy in introductory accounting course: A reflection and proposal

Janet Mack, Chrisann Lee, Laura de Zwaan

Research output: Contribution to conferencePaper

Abstract

Numerous financial literacy studies have consistently identified young adults to have low levels of financial capability. Of particular concern is that many of these young people do not have adequate money skills to ride their freedom during university time which may contribute to suboptimal financial behaviours. Prior research into university students’ financial literacy and financial education in school suggests that many students are not confident about money matters with many preferring to learn about financial literacy in university . Accordingly, an initiative including workshops on basic budgeting and saving topics , and a seminar delivered by a financial guru during university orientation week was trialled. However, attendance to these workshops and the seminar were disappointingly low. The experience prompted the researchers to consider other approaches to help students improve their financial literacy. This paper provides a reflection of the orientation week initiative , as well as proposes ways to incorporate financial literacy in introductory accounting course .
Original languageEnglish
Publication statusPublished - 2016
EventRMIT Accounting Educators' Conference - Melbourne, Australia
Duration: 21 Nov 201621 Nov 2016

Conference

ConferenceRMIT Accounting Educators' Conference
CountryAustralia
CityMelbourne
Period21/11/1621/11/16

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Mack, J., Lee, C., & de Zwaan, L. (2016). Teaching financial literacy in introductory accounting course: A reflection and proposal. Paper presented at RMIT Accounting Educators' Conference, Melbourne, Australia.