Integrating Financial Literacy Concepts into the Introductory Financial Accounting Course

C. Andrew Lafond () and Bruce Leauby ()
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C. Andrew Lafond: Assistant Professor of Accounting, La Salle University, United States,
Bruce Leauby: Associate Professor of Accounting, La Salle University, United States,

International Journal of Business and Social Research, 2014, vol. 4, issue 5, 12-24

Abstract: Financial illiteracy is a growing problem in this country and college students are amongst those not knowing enough about personal finance. However, few colleges and universities require or offer a course in personal finance; nonetheless we believe accounting educators are uniquely qualified to improve their students’ financial literacy. This paper describes an effective and efficient way to introduce some basic personal finance concepts to freshman business students in a Financial Accounting course while minimizing class time. In addition, the assignments require an active writing learning approach which addresses the numerous calls for incorporation of writing assignments into the business school curriculum. The assignments improved students’ interest in personal finance, make connections to the Financial Accounting course creating a more interesting and relevant course, and provides a rewarding teaching experience for instructors.

Keywords: Financial Literacy; Introductory Financial Accounting Course (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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