Unpacking director financial literacy

Bettington, Jacqueline J. (2015) Unpacking director financial literacy. Masters by Research thesis, Queensland University of Technology.


The social and economic effects of high profile governance scandals such as the National Safety Council, HIH and Centro have triggered much debate, reform and research into predicting and preventing future failures. While this has meant director financial literacy is now recognised as a core capability required of each individual director, there has been little guidance on what this capability involves other than the very general statement of being able to 'read and understand financial statements'. This thesis presents the results of a Delphi study aimed at identifying the core concepts a director needs to master to be financially literate. Thirty-five experts drawn from accounting, education and practice agreed that to be financially literate a director must have a conceptual understanding of 24 basic accounting concepts and be able to independently apply this understanding to a strategic evaluation of the finances of the organisation they serve.

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ID Code: 86056
Item Type: QUT Thesis (Masters by Research)
Supervisor: Nicholson, Gavin & Bezemer, Pieter-Jan
Keywords: Director Financial Literacy, Board of directors, Board composition, Board roles, Directors duties, Board effectiveness, Conceptual framework, Corporate governance, Accounting
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Institution: Queensland University of Technology
Deposited On: 21 Sep 2015 23:09
Last Modified: 23 Sep 2015 02:54

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