Unpacking director financial literacy : a Delphi study from Australia
Bettington, Jacqueline, Bezemer, Pieter-Jan, & Nicholson, Gavin (2014) Unpacking director financial literacy : a Delphi study from Australia. In 'Reshaping Management for Impact' : 28th Australian and New Zealand Academy of Management (ANZAM) Conference, Sydney 2014, Australian and New Zealand Academy of Management (ANZAM), Sydney, Australia.
The ‘Centro case’ confirmed that each individual director is responsible for financial governance and must be able to ‘read and understand’ financial statements. Despite the centrality of director financial literacy to directors duties, practitioner and academic literature have failed to clearly define or provide evidence-based reliable measures of director financial literacy. This paper seeks to address this weakness by presenting the initial results of a Delphi study on unpacking the conceptualisation of director financial literacy. We have found that director financial literacy involves more than reading and understanding financial statements. Rather, it encompasses capabilities in applying accounting concepts to the analysis and evaluation of financial statements. As such director financial literacy may be more accurately described as ‘director accounting literacy’.
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|Item Type:||Conference Paper|
|Keywords:||Accountability, Agency, Board composition, Board of directors, Board effiectiveness, Board roles, Corporate governance|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Accounting Auditing and Accountability not elsewhere classified (150199)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Corporate Governance and Stakeholder Engagement (150303)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2014 Please consult the authors|
|Deposited On:||06 Oct 2014 23:28|
|Last Modified:||23 Feb 2016 11:30|
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