ASSESSMENT #1 - #5 REVISION

Assessment #1
STEPS IN SPECIFYING THE RESEARCH TOPIC

1. What is your Track and Strand?

- Accountancy and Business Management
2. What is the specific lesson or issue in your track and
strand that has piqued your interest the most?
- Intellect and Financial management skills
3. What is the unanswered question or unresolved problem,
or issue involved in the lesson or issue?
- What is the level of knowledge of financial
management among accountancy, business and
management students?
4. Answer the question or problem based on the five
guidelines;
*Is it within your interest? -Yes
*Are there available data, resources, and evidence that will
support the topic? -Yes
*Is it timely and relevant? -Yes
*Will it contribute to your track and strand? -Yes
*Is it within your personal resources? -Yes
o If all your answer were yes, then write down your specific
research problem. If no, reevaluate your research
question or problem .

"KNOWLEDGE AND FINANCIAL MANAGEMENT SKILLS OF

THE ACCOUNTANCY, BUSINESS AND MANAGEMENT
SENIOR HIGH SCHOOL STUDENTS"
Assessment #2
Statement of the Problem

Research Problem: KNOWLEDGE AND FINANCIAL

MANAGEMENT SKILLS OF THE ACCOUNTANCY,
BUSINESS AND MANAGEMENT SENIOR HIGH SCHOOL
STUDENTS

Statement of the Problem

1. What is the level of knowledge of financial
management among accountancy, business and
management students?
2. What is the level of financial management skills
among accountancy, business and management
students?
3.Is there a significant relationship between the level
of knowledge and financial management skills of the
ABM students?

Assessment #3
Background of the study

Research Problem: KNOWLEDGE AND FINANCIAL

MANAGEMENT SKILLS OF THE ACCOUNTANCY,
BUSINESS AND MANAGEMENT SENIOR HIGH SCHOOL
STUDENTS

Background of the Study

Financial management skills and
knowledge are needed to help students match
their needs with their resources. Financial
knowledge includes understanding financial
activities such as the function of money and the
use of financial services. These skills allows people
to acquire the ability to deal with everyday
financial matters and make the right choices. The
ability to manage financial resources is essential
for everyday life activities. Well-informed and
financially educated people are able to make
better decisions for their families and, thus lead to
higher financial security and well-being (Hilgert and
Hogarth, 2018).
Financial management skills refers to the
ability to manage income, expenses, and debt in a
way that maximizes financial well-being and
minimizes financial stress (Mills & Musulin, 2018).
Brigham and Ehrhardt (2018) explained that
financial management is the process of planning,
organizing, directing, and controlling financial
resources to achieve organizational objectives
effectively and efficiently. They further stated that
it encompasses various activities such as financial
planning, budgeting, forecasting, cash flow
management, risk management, and financial
reporting. These skills are especially important for
students who want to achieve financial success
and stability in their personal and professional
lives, as they prepare to enter the workforce and
manage their personal finances (Fagan, 2018). By
taking advantage of the resources available to
them, students can develop strong financial
management skills that will benefit them
throughout their lives.

The development of financial management

skills requires a fundamental knowledge of
financial management concepts and principles
(Titman and Keown). According to Brealey et al.
(2019) financial management knowledge provides
the foundation for understanding how financial
decisions are made and how financial resources
are managed. Myers et al. (2019) emphasizes that
without this knowledge, individuals may make poor
financial decisions that can result in significant
losses. Students who seek to develop their
financial management skills must first acquire a
solid understanding of financial management
concepts and principles. They can do so by taking
courses, reading books, and seeking out other
resources that provide a comprehensive overview
of financial management

Knowledge in financial management refers

to the understanding and application of financial
management concepts, principles, and techniques
required to make sound financial decisions (Kumar,
2018). Individuals need to apply this knowledge
effectively to achieve their financial goals. This
involves developing critical thinking and analytical
skills to evaluate financial information,
understanding the limitations of financial analysis,
and making ethical and responsible financial
decisions (Gitman, 2018). Brigham and Houston
(2018) stated that individuals in various roles,
including marketing, operations, and human
resources, need to have a basic understanding of
financial management concepts to make informed
decisions that impact their financial performance.
They also emphasized that having a solid
understanding of financial management concepts
and principles is essential for financial success.

Moreover, enhancing students’ financial skills

would benefit the individual, finance services
providers, universities and the nation. The specific
objective of the present study is to assess
university students’ financial management skills
and to determine students’ financial management
literacy. Students are at a critical stage of their
lives where they are making important financial
decisions that will affect their future financial well-
being. Therefore, understanding their level of
financial management literacy and skills is crucial
for designing effective financial education
programs that can help them make informed
financial decisions.

Assessment #4
Significance of the study and Scope and Delimitation

Significance of the study

This study shows the significant

relationship of level of knowledge and
financial management skills of Accountancy
Business and Management
The following will benefit the underlying
success of the study:

To the Students. This study will help them

gain information and awareness about how
they spend their money which will also
usefully instruct them on how to manage
their finances.
To the Teachers. This study will assist
teachers in determining how their students
would use the knowledge they have imparted
to them in managing their allowances.
To the Researchers. The findings of this
study will provide them with new information
and serve as a future point of reference for
similar research.

Scope and Delimitation

Scope and Delimitation

This study will be focused on finding the relationship
of student knowledge and financial management
skills of grade 11 and 12 Accoutancy Business and
Management senior high school students in Dadiangas
North High School of General Santos City.
The respondents of these study will be focused on the
senior high school ABM students of Dadiangas North
High School of General Santos City in school year
2022-2023. A total of fifty-eight (58) students will be
obtained through slovin’s formula and e=0.05. They
are selected by means of stratified random sampling.
In this technique, the researcher will set a random
sample from the population of sixty-eight (68) senior
high school grade 11 and 12 ABM students. From each
grade level the sample size will be drawn
proportionately regardless of the gender. This study
will be conducted on the month of April 2023.
Assessment #5
Conceptual Framework , Hypothesis, and Definition of
terms

Conceptual Framework

Hypotheses

Test statistic will be used to decide whether

or not to reject the null hypothesis using 0.05
level of significance:
There is no significant relationship between
the level of knowledge of financial
management and the level financial
management skills of ABM Senior High
School.

Definition of terms

Knowledge. Conceptually, knowledge is

define as a combination of understanding,
skills, abilities, experiences, and contextual
factors that enable individuals to effectively
perform tasks, solve problems, and make
decisions Pendergrass and Pruitt (2019).
Operationally, knowledge is defined as the
level of understanding and familiarity that
senior high school students have regarding
financial management concepts, principles,
and practices.
Financial Management skills. Conceptually,
financial management skills refers to the
ability to analyze financial information,
develop and implement financial plans, and
make informed decisions that maximize
financial performance and minimize risk
(Shim & Siegel, 2019). Operationally,
financial management skills refer to the level
of the ability of senior high school students
to effectively manage financial resources
through the use of financial analysis,
budgeting, forecasting, risk management,
and investment management techniques.