THEORITICAL LENS

Finance Literacy Among Senior High School. Although the concept has been
defined in various contexts in the literature, the definitions however differ in relation to
what the definition seeks to achieve. This implies that there is no specific definition for
financial literacy or there is few generally-accepted definitions and conceptual
framework of personal finance. According to (Noctor, Stoney, and Stradling; 1992),
financial literacy is the ability to make sound decisions regarding the use and
management of money. Thus, effective decisions taken in relation to the use and control
of money (Schagen and Lines 1996). Defining the concept in this context suggests that
the definition is narrowed as emphasis is placed on management of money. The
concept can also be looked at from a broader perspective as OECD (2005) defines
financial literacy as “the process by which individuals improve their thought about
financial concepts through communication and instruction to make individuals confident
and aware of financial risks and opportunities so as to achieve financial well-being.
Remund (2010) tries to conceptualize the definition of personal financial literacy into five
categories which include; knowledge of financial concepts, ability to communicate about
financial concepts, aptitude in managing personal finances, and skill in making
appropriate financial decisions, and confidence in planning effectively for future financial
needs. This implies that financial literacy goes beyond the effective use and
management of money and considers other important areas in finance.

Financial Management Practices of Senior High School in the Techiman

Municipality. In every economic structure, it is very necessary to have individuals or a
group of people who are responsible for the authorization of use and management of
finances throughout the entity. The success or failure of an entity that runs on funds
depends heavily on how strong or weak its financial management tools are. It is for this
reason that Ghana as a nation has established a department in charge of the
management in public finances in the country known as the Controller and Accountant
General department and the passing of financial Administration act 654(2003). In the
same vein, schools and for that matter senior high schools need to adopt proper
financial management practice to be able to run the day to day activities of the
institutions. Manners (1988) defined financial management as the “study of acquisition
of and enhancing values and wealth”. He further explained that the financial
management or corporate finance deals with proper acquisition of cash and the efficient
allocation of that cash within the organization. Unfortunately, various sectors of public
service are battling with generation and management of funds in Ghana.

Financial Literacy. In every economic structure, it is very necessary to have individuals

or a group of people who are responsible for the authorization of use and management
of finances throughout the entity. The success or failure of an entity that runs on funds
depends heavily on how strong or weak its financial management tools are. It is for this
reason that Ghana as a nation has established a department in charge of the
management in public finances in the country known as the Controller and Accountant
General department and the passing of financial Administration act 654(2003). In the
same vein, schools and for that matter senior high schools need to adopt proper
financial management practice to be able to run the day to day activities of the
institutions. Manners (1988) defined financial management as the “study of acquisition
of and enhancing values and wealth”. He further explained that the financial
management or corporate finance deals with proper acquisition of cash and the efficient
allocation of that cash within the organization. Unfortunately, various sectors of public
service are battling with generation and management of funds in Ghana.
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https://www.scribd.com/document/372259858/Armstrong-Opoku Armstrong Opoku

Cristy L. Balaba This is all about financial literacy Full description

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https://www.researchgate.net/publication/332318987_ INCREASING

https://www.accaglobal.com/.../pi-financial-management-entrepreneurs.pdf 

https://www.managementstudyguide.com/financial-management.htm

https://www.investopedia.com/terms/s/strategic-financial-management.asp