INFORMAL LEARNING AS THE FORM OF EXTENDING KNOWLEDGE IN THE AREA OF FINANCIAL MANAGEMENT

Iva Buljubasic (), Ivana Bestvina Bukvic () and Bojan Bodrazic ()
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Iva Buljubasic: Ph.D. Candidate, A.C. Buljubasic Ltd, Osijek, Republic of Croatia
Ivana Bestvina Bukvic: Zagrebacka banka JSC, Zagreb, Republic of Croatia
Bojan Bodrazic: Promo-media Ltd, Osijek, Republic of Croatia

Interdisciplinary Management Research, 2013, vol. 9, 493-502

Abstract: In time of crises, the financial management knowledge proved to be one of the fundamental elements of preserving businesses from weakening. The part of the business owners and managers at the right time identified their gaps in knowledge in the field of financial management. Considering their awareness of the potential consequences of inadequate financial management skills, part of them tried to gain additional knowledge by attending various courses and seminars in this field. The question is, are these common channels of informal education sufficient to enable entrepreneurs to acquire a level of knowledge which will secure their companies adequate fi nancial decision making. The authors carried out a research with the aim of gathering the information and drawing conclusions on actual usability of courses and seminars in financial management organized by various training centers for their targeted groups. For that reason trough this study the authors explored the scale of difference in the level of knowledge before and after attending learning courses in the area of financial management and other business categories. In addition to the above, the authors tried to determine usability, in business reality, of knowledge that managers acquired trough informal education channels. Th e study was carried with the purpose of improvement of existing informal education models in area of financial management and with the aim to strengthen the companies and, indirectly, economy in general.

Keywords: financial management; knowledge; lifelong learning; upgrade; opportunities; education (search for similar items in EconPapers)
JEL-codes: D83 (search for similar items in EconPapers)
Date: 2013
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