Broadening generic skills development: improving financial literacy of university students

Paper


Palm, Chrisann, de Zwaan, Laura and Chardon, Toni. 2015. "Broadening generic skills development: improving financial literacy of university students." RMIT Accounting Educators’ Conference 2015: Responding to Challenges: The Future of Accounting Education. Melbourne, Australia 23 Nov 2015 Australia.
Paper/Presentation Title

Broadening generic skills development: improving financial literacy of university students

Presentation TypePaper
AuthorsPalm, Chrisann (Author), de Zwaan, Laura (Author) and Chardon, Toni (Author)
Journal or Proceedings TitleProceedings of the RMIT Accounting Educators’ Conference 2015
Number of Pages1
Year2015
Place of PublicationAustralia
Conference/EventRMIT Accounting Educators’ Conference 2015: Responding to Challenges: The Future of Accounting Education
Event Details
RMIT Accounting Educators’ Conference 2015: Responding to Challenges: The Future of Accounting Education
Parent
RMIT Accounting Educator's Conference
Event Date
23 Nov 2015
Event Location
Melbourne, Australia
Abstract

Research has demonstrated the importance of financial literacy as one of the key life skills for sound financial decision-making. Despite the vast availability of educational resources,young adults were consistently found to have low levels of financial capability. Of particular concern is that many of these young people do not have adequate money skills to manage their freedom during university time, which may contribute to suboptimal financial behaviours. This study surveyed university students by assessing their financial literacy and perception of the financial education they received in school. Illiteracy across different domains of financial topics was evident. Results also indicate that majority of respondents viewed that high school has not taught them financial knowledge that will prepare them for adult life. Accordingly, it is proposed that graduate skills development in higher education should be broadened to incorporate financial literacy to help university students to navigate the financial maze.

Keywordsfinancial literacy; money skills; graduate skills development
ANZSRC Field of Research 2020350199. Accounting, auditing and accountability not elsewhere classified
390103. Economics, business and management curriculum and pedagogy
Public Notes

Files associated with this item cannot be displayed due to copyright restrictions.

Byline AffiliationsQueensland University of Technology
School of Law and Justice
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q3531/broadening-generic-skills-development-improving-financial-literacy-of-university-students

  • 1713
    total views
  • 10
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

Avoiding the accountability 'sham-ritual': An agonistic approach to beneficiaries' participation in evaluation within nonprofit organisations
Kingston, Kylie L., Furneaux, Craig, de Zwaan, Laura and Alderman, Lyn. 2023. "Avoiding the accountability 'sham-ritual': An agonistic approach to beneficiaries' participation in evaluation within nonprofit organisations." Critical Perspectives on Accounting. 92. https://doi.org/10.1016/j.cpa.2020.102261
From monologic to dialogic: accountability of nonprofit organisations on beneficiaries’ terms
Kingston, Kylie L., Furneaux, Craig W., de Zwaan, Laura and Alderman, Lyn. 2019. "From monologic to dialogic: accountability of nonprofit organisations on beneficiaries’ terms." 9th Asia-Pacific Interdisciplinary Research in Accounting Conference (APIRA 2019). Auckland, New Zealand 01 - 03 Jul 2019
The multi-modality of downwards accountability to beneficiaries within nonprofit organisations
Kingston, Kylie L., Furneaux, Craig W., de Zwaan, Laura and Alderman, Lyn. 2018. "The multi-modality of downwards accountability to beneficiaries within nonprofit organisations." 14th Australian and New Zealand Third Sector Research Conference 2018. Sydney, Australia 29 - 30 Nov 2018 Australia.
From monologic to dialogic: accountability of nonprofit organisations on beneficiaries' terms
Kingston, Kylie L., Furneaux, Craig, de Zwaan, Laura and Alderman, Lyn. 2019. "From monologic to dialogic: accountability of nonprofit organisations on beneficiaries' terms." Accounting Auditing and Accountability Journal. 33 (2), pp. 447-471. https://doi.org/10.1108/aaaj-01-2019-3847
Tax literacy of Australian small businesses
Freudenberg, Brett, Chardon, Toni, Brimble, Mark and Belle Isle, Melissa. 2017. "Tax literacy of Australian small businesses." Journal of Australian Taxation. 18 (2), pp. 21-61.
Overconfidence in financial literacy: implications for planners
de Zwaan, Laura, Lee, Chrisann, Liu, Yulin and Chardon, Toni. 2017. "Overconfidence in financial literacy: implications for planners." Financial Planning Research Journal. 3 (2), pp. 31-46.
Tax and superannuation literacy: Australian and New Zealand perspectives [Part 2]
Chardon, Toni, Brimble, Mark and Freudenberg, Brett. 2017. "Tax and superannuation literacy: Australian and New Zealand perspectives [Part 2]." Taxation Today.
Tax and superannuation literacy: Australian and New Zealand perspectives [Part 1]
Chardon, Toni, Brimble, Mark and Freudenberg, Brett. 2017. "Tax and superannuation literacy: Australian and New Zealand perspectives [Part 1]." Taxation Today.
Are Australians under or over confident when it comes to tax literacy, and why does it matter?
Chardon, Toni, Freudenberg, Brett and Brimble, Mark. 2016. "Are Australians under or over confident when it comes to tax literacy, and why does it matter?" eJournal of Tax Research. 14 (3), pp. 650-682.
Tax and superannuation literacy: Australian and New Zealand perspectives
Chardon, Toni, Brimble, Mark and Freudenberg, Brett. 2016. "Tax and superannuation literacy: Australian and New Zealand perspectives." New Zealand Journal of Taxation Law and Policy. 22, pp. 327-345.
University students and tax literacy: opportunities and lessons for tax teaching
Chardon, Toni, Lee, Chrisann, de Zwaan, Laura and Liu, Yulin. 2016. "University students and tax literacy: opportunities and lessons for tax teaching." Journal of the Australasian Tax Teachers Association. 11 (1), pp. 85-102.
Tax literacy in Australia: not knowing your deduction from your offset
Chardon, Toni, Freudenberg, Brett and Brimble, Mark. 2016. "Tax literacy in Australia: not knowing your deduction from your offset." Australian Tax Forum: a journal of taxation policy, law and reform. 31 (2), pp. 321-362.
The importance of understanding student learning styles in accounting degree programs
Cameron, Robyn, Clark, Pat, de Zwaan, Laura, English, Diane, Lamminmaki, Dawne, O'Leary, Conor, Rae, Kirsten and Sands, John. 2015. "The importance of understanding student learning styles in accounting degree programs." Australian Accounting Review. 25 (3), pp. 218-231. https://doi.org/10.1111/auar.12065
Taxation and superannuation literacy in Australia: what do people know (or think they know)?
Chardon, Toni. 2014. "Taxation and superannuation literacy in Australia: what do people know (or think they know)?" JASSA. 2014 (1), pp. 42-48.
Legal educators' perceptions of lifelong learning: conceptualisation and practice
Hammer, Sara Jeanne, Chardon, Toni, Collins, Pauline and Hart, Caroline. 2012. "Legal educators' perceptions of lifelong learning: conceptualisation and practice." International Journal of Lifelong Education. 31 (2), pp. 187-201. https://doi.org/10.1080/02601370.2012.663803
Criterion referenced assessment as a form of feedback: student and staff perceptions in the initial stages of a new law degree
Chardon, Toni, Collins, Pauline, Hammer, Sara and Hart, Caroline. 2011. "Criterion referenced assessment as a form of feedback: student and staff perceptions in the initial stages of a new law degree." International Journal of Pedagogies and Learning. 6 (3), pp. 232-242. https://doi.org/10.5172/ijpl.2011.6.3.232
Academics and assessment: the forgotten meat in the sandwich in the current higher education environment?
Collins, Pauline, Brackin, Toni and Hart, Caroline Lydia. 2010. "Academics and assessment: the forgotten meat in the sandwich in the current higher education environment?" Harris, Bruce (ed.) 65th Conference of the Australasian Law Teachers' Association (ALTA 2010): Power, Regulation and Responsibility: Lawyers in Times of Transition. Auckland, New Zealand 04 - 07 Jul 2010 Sydney, Australia.
The real deal: using authentic assessment to promote student engagement in the first and second years of a regional law program
Hart, Caroline, Hammer, Sara, Collins, Pauline and Chardon, Toni. 2011. "The real deal: using authentic assessment to promote student engagement in the first and second years of a regional law program." Legal Education Review. 21 (1), pp. 97-121.
Weathering the storm: tax as a component of financial capability
Chardon, Toni. 2011. "Weathering the storm: tax as a component of financial capability ." Australasian Accounting Business and Finance Journal. 5 (2), pp. 53-68.
Rocky rhetoric and hard reality: the academic's dilemma surrounding assessment
Collins, Pauline, Brackin, Toni and Hart, Caroline. 2010. "Rocky rhetoric and hard reality: the academic's dilemma surrounding assessment." Legal Education Review. 20 (1-2), pp. 129-164.
Tax havens and the Australian tax system - are we 'match fit'?
Brackin, Toni. 2006. "Tax havens and the Australian tax system - are we 'match fit'?" 2006 Australasian Tax Teachers Association Conference. Melbourne, Australia 30 Jan - 01 Feb 2006 Melbourne, Australia.
Overcoming tax complexity through tax literacy – an analysis of financial literary research in the context of the taxation system
Brackin, Toni. 2007. "Overcoming tax complexity through tax literacy – an analysis of financial literary research in the context of the taxation system." 2007 Australasian Taxation Teachers Association Conference. Brisbane, Australia 22 - 24 Jan 2007