Financial literacy

Financial literacy
The ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security.

[edit] Financial Literacy
Financial literacy is an important tenet of business acumen, but is not a synonym. Ram Charan suggests that financial knowledge is the foundation of business acumen,[6] and has described business acumen as, ".

Financial literacy can be defined as the ability to understand finance. The skills are usually in a set which allow an individual to come up with informed and effective decisions through the understanding of finance.

Financial Literacy
The possession of knowledge and understanding of financial matters. Financial literacy is mainly used in connection with personal finance matters.

Barefoot Investor A popular Australian radio program focused on teaching young people financial literacy. Barefoot pilgrim A slang term for an unsophisticated investor who has lost everything on the stock market.

Financial Literacy and Education Commission
The Fair Credit Reporting Act (FCRA) and the Privacy of Your Credit Report Electronic Privacy Information Center (EPIC) ...

Sadly, it has been reported that financial literacy is declining with each generation. This suggests that as our children grow up and go off to college, they haven't been adequately trained on good money management skills.

Barefoot Investor definition :
A popular Australian radio program focused on teaching young people financial literacy.
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With an uncertain economy and an increasingly complex financial system, we think financial education is more important than ever before. At the end of the day, financial literacy is not only an important public service, ...

Useful Links
Ethics & Regulation
Peer Review
Risk Mgt. & Liability Guidebook
Society Comment Letters
Exposure Drafts
360 Degrees Financial Literacy
Prof. Ethics Resource Center
IFRS Information ...

See also: Ethics, Comment letter, Expense, Fraud, Saving