Prudent Financial Management Practices among Malaysian Youth: The Moderating Roles of Financial Education

Bakar, Mohd Zamri Abu; Bakar, Saridan Abu

doi:10.13106/jafeb.2020.vol7.no6.525

Cited by 23 publications

(26 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The results showed that financial literacy was statistically related to collaborative skills, accountability, problem-solving, and decision-making. The results are consistent with the literature review of Bakar and Bakar (2020) and Compen et al (2020). It was discovered that financial literacy might well be improved through MOOCs and digital learning.…”

Section: Discussionsupporting

confidence: 89%

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

Yin

Watson

Yusof

2021

IJLTER

View full text Add to dashboard Cite

It is important to educate financial literacy to pre-service teachers to manage their money well and to disseminate the knowledge to their students. The study aimed to examine the effectiveness of MOOC in promoting financial literacy among pre-service teachers. This paper also examines the correlation among the variables of financial literacy, collaborative skills, problem-solving, accountability, and decision-making. Pre-service teachers' views were discussed after attending the MOOC. The study adopted a mixed-method research design. A total of 100 pre-service teachers were selected through a random-sampling technique to participate in the survey. A purposive sampling technique was used to pick five of the participants for the follow-up interview. The quantitative data were analyzed with descriptive and inferential statistics, while the qualitative data were analyzed on the basis of content analysis. The quantitative method yielded favourable descriptive statistics; and they also showed a significant relationship between financial literacy and MOOC. The variables indicated some correlations. The qualitative results also revealed the positive responses of financial literacy, collaborative skills, problem-solving, accountability, and decision-making. The course design and participants' engagement are the key factors of the success of MOOCs. Future research should emphasize the incorporation of financial literacy into different subjects. Educators and researchers could well provide more online learning in addition to those activities that combine financial literacy in other courses.

show abstract

Section: Discussionsupporting

confidence: 89%

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

Yin

Watson

Yusof

2021

IJLTER

View full text Add to dashboard Cite

show abstract

“…In addition, an autonomous person should also be able to analyze social issues related to his expertise. Accounting graduates are required to have knowledge such as financial statement analysis, financial accounting, financial reporting standards, including the basic principles and concepts of accounting (Bakar & Bakar, 2020) to increase competencies prior to the uptake in the job market (Tresnaningsih et al, 2020). Therefore, before applying for a job, accounting graduates should prepare themselves by developing and deepening accounting knowledge while studying in college.…”

Section: Skillsmentioning

confidence: 99%

Students’ Perceptions and Expectation Gap on the Skills and Knowledge of Accounting Graduates

Aryanti

Adhariani²

2020

JAFEB

View full text Add to dashboard Cite

This study aims to describe the perceptions of accounting students and expectations of employers towards the skills and knowledge needed by accounting graduates in Indonesia. Quantitative method using survey is employed to analyze 103 questionnaires from students and 51 questionnaires from employers. The results showed that students' perceived honesty, continuous learning, and work ethics are important skills, while employers stress the importance of work ethics, teamwork, and time management. Knowledge needed by accounting graduates in the perception of students includes financial accounting, financial reporting, and financial statement analysis, whereas employers perceived the importance of financial statement analysis, knowledge of Microsoft Office program, and financial accounting. Further analysis showed that there is an expectation gap between the perceptions of students and the expectations of employers towards skills -not knowledge -needed by accounting graduates. Although investigations of students' perceptions and employers' expectations have been conducted in previous studies, the information should be updated continuously to reflect the current conditions. This study offers the recent perceptions from students and employers to identify the current expectation gap. This study points to the importance of skills development in the university curriculum in order to develop the skillful human resources in accounting and meet the expectations of employers.

show abstract

“…(BPS Indonesia, 2021). [1] Provinces with the most significant percentage of poor people are in Papua, West Papua, East Nusa Tenggara (NTT), and Maluku. The rate of poor people in Papua was 26…”

Section: Diagram 1: Number and Percentage Of Poor Population 1970 -20...mentioning

confidence: 99%

Poverty Alleviation Strategies Through Sharia Microfinance Institutions Politico-Economics Study With Tawhidi Approach

Heriyanto

Mariyanti

2022

ATM

View full text Add to dashboard Cite

This research aims to formulate a poverty alleviation strategy in Indonesia by empowering Islamic Microfinance Institutions (IMFI) based on political-economic studies. The Indonesian political-economic system is stipulated in Article 33 of the 1945 Constitution and its Explanatory Paragraph, making the people the center of attention for national economic development. The research uses the Analytic Network Process (ANP) method developed by Saaty. The ANP construction uses a model consisting of 3 main clusters, namely Problems, Solutions, and Strategies. The qualitative-quantitative assessment data is determined based on the Saaty Scale obtained through an in-depth interview of 9 expert respondents and practitioners in Islamic economics and finance. The results show that poverty alleviation strategies need to be carried out through cultural and structural approaches. The cultural approach includes revitalizing the concept of the people's economy as stated in the 1945 Constitution, campaigning for using the domestic product, socialization to increase literacy about waqf and zakat, improving the practices of bureaucratic ethics, and strengthening the values of togetherness and anti-monopoly. The strategy at structural approach is carried out by implementing policies to enhance the role of cooperatives in the national economy; increasing the education budget for the poor and needy; increased coordination between authorities; bureaucratic reform; and honest and fair law enforcement against corruption. For the micro-level at the LKMS institution, the cultural approach is carried out by strengthening literacy on Islamic financial instruments, increasing financial inclusion programs, social inclusion programs, and strengthening methods for obtaining funding sources from Islamic financial instruments. On the structural side, it is necessary to improve the professionalism and capability of supporting LKMS, institutional strengthening, internal control and supervision system, improvement of supporting infrastructure, and enhancing service convenience.

show abstract

Prudent Financial Management Practices among Malaysian Youth: The Moderating Roles of Financial Education

Cited by 23 publications

References 51 publications

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

The Efficacy of Promoting Financial Literacy with MOOC among Economics Pre-Service Teachers

Students’ Perceptions and Expectation Gap on the Skills and Knowledge of Accounting Graduates

Poverty Alleviation Strategies Through Sharia Microfinance Institutions Politico-Economics Study With Tawhidi Approach

Contact Info

Product

Resources

About