Financial Competence of Non-Accounting Graduates in the Department of Education in Cabanatuan City

( Vol-9,Issue-5,May - June 2023 )

Author(s): Sheena H. Banting, Mary Rose M. Bayacsan, Hannah Joma M. Bencalo, Julianne Marie V. Cunanan, Maria Alexa J. Roca, Alma Pia G. Reyes

Total View : 258
Downloads : 193
Page No: 001-006
DOI: 10.22161/ijaems.95.1

Keywords:

Assessment, Department of Education. financial competence, performance, qualification and skill mismatch

Abstract:

This study sought to evaluate the financial acumen of Department of Education graduates who did not major in accounting. Second, how it impacts their ability to perform at work. The relationship between financial competence and performance rating was described and examined in this study using a descriptive correlation research design. The study's findings indicate that most respondents were females in the age range of 31 to 40, college graduates, and mostly administrative officers with two to three years of experience. They received a score of 39% for knowledge, 53% for skills, 74% for attitude, and 72% for behavior. The average score is 60%, indicating that their level of financial competence is average. The findings indicate a strong positive correlation between financial competence and performance rating, with a correlation coefficient of 0.724. This implies that a person's performance will increase in direct proportion to his level of financial competence. It is necessary to take into account their mediocre level of skill and limited knowledge. Programs for financial education may assist employees in achieving and maintaining a high level of financial competence at work, which will lead to good performance.

Received: 30 Mar 2023; Received in revised form: 29 Apr 2023; Accepted: 06 May 2023; Available online: 16 May 2023

Cite This Article:

Share: