Accounting Literacy

To make wise financial decisions and get ready for future financial obligations, people need to be financially literate. This study examines the disparities in financial literacy across genders among the Eastern University of Sri Lanka students at the Trincomalee Campus. The study intends to identify possible gaps and increase understanding of variables impacting financial knowledge in this educational context by comparing the financial literacy skills of male and female students. The study looks at several financial literacy-related topics, such as insurance, investments, savings, individual finances, and financial literacy in general. Results show that there are gender differences in financial literacy, with male students usually having mean scores that are somewhat higher than those of female students in all areas. Nonetheless, significant variation exists within each gender Original Research Article category, suggesting variations in personal literacy skills. Overall, the study emphasizes how critical it is to implement focused interventions to raise financial literacy and guarantee that everyone has fair access to financial education, enabling them to make better financial decisions and maintain better financial health.

To make wise financial decisions and get ready for future financial obligations, people need to be financially literate. This study examines the disparities in financial literacy across genders among the Eastern University of Sri Lanka students at the Trincomalee Campus. The study intends to identify possible gaps and increase understanding of variables impacting financial knowledge in this educational context by comparing the financial literacy skills of male and female students. The study looks at several financial literacy-related topics, such as insurance, investments, savings, individual finances, and financial literacy in general. Results show that there are gender differences in financial literacy, with male students usually having mean scores that are somewhat higher than those of female students in all areas. Nonetheless, significant variation exists within each gender Original Research Article category, suggesting variations in personal literacy skills. Overall, the study emphasizes how critical it is to implement focused interventions to raise financial literacy and guarantee that everyone has fair access to financial education, enabling them to make better financial decisions and maintain better financial health.

To make wise financial decisions and get ready for future financial obligations, people need to be financially literate. This study examines the disparities in financial literacy across genders among the Eastern University of Sri Lanka students at the Trincomalee Campus. The study intends to identify possible gaps and increase understanding of variables impacting financial knowledge in this educational context by comparing the financial literacy skills of male and female students. The study looks at several financial literacy-related topics, such as insurance, investments, savings, individual finances, and financial literacy in general. Results show that there are gender differences in financial literacy, with male students usually having mean scores that are somewhat higher than those of female students in all areas. Nonetheless, significant variation exists within each gender Original Research Article

• Enterprises are one of the main components of the economic system and they are indispensable for maintaining the sustainability of economic activities. The majority of these enterprises are small and mediumsized enterprises (SMEs). Sustainability of SMEs depends on their good financial management. Inadequate financial literacy causes SMEs' owners to make inaccurate financial decisions. The forest products sector is mostly composed of micro-scale enterprises in which financial problems are common. Therefore, this study aims to reveal the financial literacy status of the owners of micro-scale and wood-processing enterprises. For this purpose, 78 enterprises were selected as study population. Data were collected by applying a structured questionnaire to 43 of these companies by the face-to-face interview method. The structured questionnaire consisted of multiple-choice and open-ended questions and statements prepared on the Five Likert scales. Data were analysed by using the Independent-Sample T-Test, Mann-Whitney U-Test and correlation test. The reliability coefficient of the data was found to be 0.791. Of the enterprises, 58 % produced in the furniture sub-sector and 42 % in the wood products sub-sector. This study provides evidence that there was no statistically significant difference between the knowledge means of economics and financial behaviour of the furniture and wood products sectors. However, the enterprise owners' knowledge of financial analysis positively affected their financial literacy and financial behaviour.

Enterprises are one of the main components of the economic system and they are indispensable for maintaining the sustainability of economic activities. The majority of these enterprises are small and medium-sized enterprises (SMEs). Sustainability of SMEs depends on their good financial management. Inadequate financial literacy causes SMEs’ owners to make inaccurate financial decisions. The forest products sector is mostly composed of micro-scale enterprises in which financial problems are common. Therefore, this study aims to reveal the financial literacy status of the owners of micro-scale and wood-processing enterprises. For this purpose, 78 enterprises were selected as study population. Data were collected by applying a structured questionnaire to 43 of these companies by the face-to-face interview method. The structured questionnaire consisted of multiple-choice and open-ended questions and statements prepared on the Five Likert scales. Data were analysed by using the Independe...

It is commonly known that any business work caused by deliberate or intentional actions is recorded in business books and has a positive or negative impact on business. That is why business management should know with accounting and financial terms as well as their business performance in order to make optimal business decisions. It does not imply that managers need to be financial and accounting experts and know accounting techniques rather than know the financial effects of their business decisions. Many public sector managers in accounting and finance services are considered a legal obligation, not a necessary system based on which to make business plans, as well as monitoring their execution by responsible management. Public sector managers must be aware that their financial and accounting literacy is a business advantage that will enable them to make high-quality and responsible business decisions that are of public interest. The paper presents an empirical test of the relation between the accounting and financial literacy of the managers of the public sector and the efficiency of the business.