Financial Management and Budgeting Skills Among Accounting Students: Basis for an Enhanced Financial Management Program
Year: 2026
Type: article
Study design: Observational Study
Abstract: This quantitative descriptive–correlational study examined financial management and budgeting skills among 141 students enrolled in accountancy and accounting information systems programs at two campuses of Arellano University in the Philippines. A researcher-developed questionnaire assessed five financial-management domains (knowledge, behavior, attitude, capability, and planning) and three budgeting-skill domains (budget planning, expense tracking, and financial goal setting). Responses were summarized using frequency, percentage, and weighted means; the original thesis reported a Pearson correlation between the composite constructs. Financial attitude had the highest financial-management domain mean (M = 3.50), whereas budget planning had the highest budgeting-skill mean (M = 3.53). Expense tracking had the lowest budgeting-skill mean (M = 3.20), particularly the use of financial tools for daily expense tracking (M = 3.08). Financial management and budgeting skills were strongly positively associated, r(139) = .815, with the original study reporting p = .001. The findings suggest that favorable financial attitudes and planning intentions coexist with comparatively less consistent expense-tracking practices. An enhanced financial management program is proposed, incorporating applied budgeting simulations, expense-recording routines, digital and paper-based tracking, and measurable learning outcomes. Because the study is cross-sectional and based on self-report, findings should not be interpreted causally. The reported inferential statistics and instrument reliability require confirmation against original analytical records before submission.
Institutions: Arellano University, AMA Computer University
Language: English
Subfield: Accounting
Domain: Social Sciences
SDG: Quality education
Open Access status: diamond
OpenAlex ID: W7225313984