RESEARCH TITLE: THE FINACIAL LITERACY LEVEL OF 1 ST YEAR AND 5TH YEAR

ACCOUNTANCY STUDENTS: AN ANALYSIS

INTRODUCTION
BACKGROUND OF THE STUDY
Financial literacy is the ability to understand how money works in the world: how someone
manages to earn or make it, how that person manages it, how he/she invests and how that person donates
it to help other. It has become increasingly important not just for businessmen or for the investors. It is
becoming essential to everyone for them to make sound financial decisions and to efficiently manage
their financial resources.
Learning how to manage finances is said to be something that college students should learn as
early as they can. Because the financial decisions made early in life create habits that are difficult to break
and affect students ability to become financially secure adults. However, the dilemma is that most of the
college students are not equipped with much knowledge regarding managing finances. Since financial
literacy classes are not given much attention in schools, college students are not receiving the financial
knowledge necessary to be successful in todays fast paced economy. Due to our increasingly complex
marketplace, college students need to gain more knowledge about their personal finances and the
economy.
The researcher conducted this study to assess the level of financial literacy among the students
and to identify the factors that affect their financial literacy level. The result of the study would be a help
to the respondents to be more aware of their financial literacy level and as well as to gain more
knowledge about financial literacy.
OBJECTIVES
The study attempts to analyze the Financial Literacy Level of the First Year and Fifth Year
Students in Sorsogon State College Sorsogon City Campus.
Specifically, it sought to answer the following sub problems:
1. What is the Year Level of the BS Accountancy Students?
2. What is the level of financial literacy among BS Accountancy Students in terms of:
3.1 General Knowledge
3.2
3.3
3. Is there a significant relationship between the financial literacy level of students and students
year level?
HYPOTHESIS OF THE STUDY
The researcher provides in this study the null hypotheses.
1. There is no significant relationship between financial literacy level of students and students
year level.

SIGNIFICANCE OF THE STUDY

Findings of this study are expected to be of great help to the following:
BSA Students. This study may provide awareness to the BSA Students about their financial
literacy level and that they may give importance in gaining more knowledge about financial education.
Sorsogon State College Faculty. The study may motivate the teachers to focus on teaching
particularly in financial education to produce globally competitive students.
Future Researchers. This study may pave the way for a new research concerning financial
literacy among BS Accountancy Students.
EXPECTED OUTPUT AND DERIVABLE:
It is expected that through the gathered facts and data, BS Accountancy Students would be more
aware of their financial literacy level and would give more attention in gaining more knowledge about
financial education.
DEFINITION OF TERMS:
Financial Literacy knowledge or ability of students in handling finances.
Year Level is the knowledge of BSA Students acquired from their learning, as their year level increases.

THEORETICAL BCKGROUND OF THE STUDY

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