Examination of Financial Statement Literacy Level in Terms of Bank Credit Representatives, Accountants and Business Authorities

Sefa Onut; Mehmet Demir

Makale detayları

Examination of Financial Statement Literacy Level in Terms of Bank Credit Representatives, Accountants and Business Authorities

Yazarlar:

Sefa Onut | Mehmet Demir

Yayıncı:

Hitit University

Ana Başlıklar:

Finansal Muhasebe

Dergi:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 3, pp.482-501

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001331351

pISSN:

2757-7449

Anahtar kelimeler:

Özet:

 Financial statement literacy involves understanding the information presented in the balance sheet and income statement and interpreting the results for their intended purpose. There are many studies in the literature on financial literacy, which is confused with financial statement literacy. However, the same does not apply to financial statement literacy. There are very few studies that focus solely on financial statement literacy, and the scope of the studies is not wide. Business managers, owners, accountants, and bank loan officers are involved in almost all decisions, whether strategic or ordinary. No studies have been found to determine the levels of financial statement literacy among these three segments. It can be concluded that there is a gap in the literature. Therefore, this study is expected to enhance the literature and generate interest in financial statement literacy within the academic community. The study aims to emphasize the importance of financial statement literacy, differentiate it from financial literacy, and evaluate the degrees of financial statement literacy among information users such as business managers-owners, accountants, and bank loan representatives. In order to accomplish this objective, a survey was conducted in July 2022 among 378 individuals from the aforementioned three segments in Sivas. The questionnaire form contains statements regarding the meanings of the information presented in the balance sheet and income statement, as well as the relationships between the accounts and how the results will impact the business. The language used is clear, objective, and value- neutral, with a formal register and precise word choice. The structure is logical and follows a clear progression, with causal connections between statements. The text is free from grammatical errors, spelling mistakes, and punctuation errors. No changes in content have been made. The Cronbach Alpha coefficient of the questionnaire was found to be 0.885. The data was analyzed using the SPSS 25 software package. The arithmetic mean x and standard deviation SD of the participants opinions for each statement were calculated. The level of conformitynon-conformity of the opinions to the theory was determined, and the results were interpreted. Finally, the authors of the study have developed a score scale to determine the financial statement literacy levels of the participants in terms of points. According to the research findings, bank loan representatives demonstrated a high level of financial statement literacy. On the other hand, accountants showed a medium level of financial statement literacy, while business managers-owners had a very low level, as determined by their score values. According to the study, the opinions of accountants and bank loan representatives were found to be more consistent with the theory than those of business managers-owners. It is important to note that information held by managers and owners of enterprises, which is not reflected in financial statements, may have a negative impact on the significance of such statements and could potentially hinder comprehension.

 Financial statement literacy involves understanding the information presented in the balance sheet and income statement and interpreting the results for their intended purpose. There are many studies in the literature on financial literacy, which is confused with financial statement literacy. However, the same does not apply to financial statement literacy. There are very few studies that focus solely on financial statement literacy, and the scope of the studies is not wide. Business managers, owners, accountants, and bank loan officers are involved in almost all decisions, whether strategic or ordinary. No studies have been found to determine the levels of financial statement literacy among these three segments. It can be concluded that there is a gap in the literature. Therefore, this study is expected to enhance the literature and generate interest in financial statement literacy within the academic community. The study aims to emphasize the importance of financial statement literacy, differentiate it from financial literacy, and evaluate the degrees of financial statement literacy among information users such as business managers-owners, accountants, and bank loan representatives. In order to accomplish this objective, a survey was conducted in July 2022 among 378 individuals from the aforementioned three segments in Sivas. The questionnaire form contains statements regarding the meanings of the information presented in the balance sheet and income statement, as well as the relationships between the accounts and how the results will impact the business. The language used is clear, objective, and value- neutral, with a formal register and precise word choice. The structure is logical and follows a clear progression, with causal connections between statements. The text is free from grammatical errors, spelling mistakes, and punctuation errors. No changes in content have been made. The Cronbach Alpha coefficient of the questionnaire was found to be 0.885. The data was analyzed using the SPSS 25 software package. The arithmetic mean x and standard deviation SD of the participants opinions for each statement were calculated. The level of conformitynon-conformity of the opinions to the theory was determined, and the results were interpreted. Finally, the authors of the study have developed a score scale to determine the financial statement literacy levels of the participants in terms of points. According to the research findings, bank loan representatives demonstrated a high level of financial statement literacy. On the other hand, accountants showed a medium level of financial statement literacy, while business managers-owners had a very low level, as determined by their score values. According to the study, the opinions of accountants and bank loan representatives were found to be more consistent with the theory than those of business managers-owners. It is important to note that information held by managers and owners of enterprises, which is not reflected in financial statements, may have a negative impact on the significance of such statements and could potentially hinder comprehension.

 Financial statement literacy involves understanding the information presented in the balance sheet and income statement and interpreting the results for their intended purpose. There are many studies in the literature on financial literacy, which is confused with financial statement literacy. However, the same does not apply to financial statement literacy. There are very few studies that focus solely on financial statement literacy, and the scope of the studies is not wide. Business managers, owners, accountants, and bank loan officers are involved in almost all decisions, whether strategic or ordinary. No studies have been found to determine the levels of financial statement literacy among these three segments. It can be concluded that there is a gap in the literature. Therefore, this study is expected to enhance the literature and generate interest in financial statement literacy within the academic community. The study aims to emphasize the importance of financial statement literacy, differentiate it from financial literacy, and evaluate the degrees of financial statement literacy among information users such as business managers-owners, accountants, and bank loan representatives. In order to accomplish this objective, a survey was conducted in July 2022 among 378 individuals from the aforementioned three segments in Sivas. The questionnaire form contains statements regarding the meanings of the information presented in the balance sheet and income statement, as well as the relationships between the accounts and how the results will impact the business. The language used is clear, objective, and value- neutral, with a formal register and precise word choice. The structure is logical and follows a clear progression, with causal connections between statements. The text is free from grammatical errors, spelling mistakes, and punctuation errors. No changes in content have been made. The Cronbach Alpha coefficient of the questionnaire was found to be 0.885. The data was analyzed using the SPSS 25 software package. The arithmetic mean x and standard deviation SD of the participants opinions for each statement were calculated. The level of conformitynon-conformity of the opinions to the theory was determined, and the results were interpreted. Finally, the authors of the study have developed a score scale to determine the financial statement literacy levels of the participants in terms of points. According to the research findings, bank loan representatives demonstrated a high level of financial statement literacy. On the other hand, accountants showed a medium level of financial statement literacy, while business managers-owners had a very low level, as determined by their score values. According to the study, the opinions of accountants and bank loan representatives were found to be more consistent with the theory than those of business managers-owners. It is important to note that information held by managers and owners of enterprises, which is not reflected in financial statements, may have a negative impact on the significance of such statements and could potentially hinder comprehension.

 Mali tablo okuryazarlığı özellikle bilanço ve gelir tablosundaki bilgileri anlama, amaç doğrultusunda kullanma ve çıkan sonuçları yorumlama olarak ifade edilebilir. Mali tablo okuryazarlığı ile karıştırılan finansal okuryazarlık konusunda literatürde çok fazla sayıda çalışmaya rastlanmaktadır. Ancak aynı durum mali tablo okuryazarlığı için geçerli değildir. Salt mali tablo okuryazarlığı konusunun ele alındığı çalışmalar çok az, çalışmaların kapsamları ise geniş değildir. İster stratejik olsun isterse de olağan olsun çoğu kararlarda işletme yönetici-sahiplerinin, SMMMlerin ve banka kredi yetkililerinin söz hakkı bulunmaktadır. Bu üç kesimin mali tablo okuryazarlık düzeylerini belirlemeye yönelik bir çalışmaya ise tarafımızca rastlanmamıştır. Bu açıdan literatürde bir eksikliğinboşluğun olduğunu söylemek mümkündür. Dolayısıyla bu çalışmanın literatüre katkı sağlayacağı ve mali tablo okuryazarlık konusuna akademik çevrenin ilgisini artıracağı düşünülmektedir. Araştırmanın amacı, mali tablo okuryazarlığının önemini, finansal okuryazarlıktan farklılığını vurgulamak ve bilgi kullanıcılarının işletme yönetici-sahipleri, SMMMler ve banka kredi temsilcileri mali tablo okuryazarlık düzeylerini belirlemektir. Bu amaca ulaşmak için 2022 yılı Temmuz ayında, Sivasta, bu üç kesimden oluşan 378 kişiye anket uygulanmıştır. Anket formunda bilanço ve gelir tablosundaki bilgilerin anlamları; hesaplar arasındaki ilişkilerin neyi ifade ettiği; çıkan sonuçların işletmeyi ne yönde etkileyeceği vb. konularla ilgili ifadelere yer verilmiştir. Anketin Cronbach Alpha katsayısı 0,885 olarak hesaplanmıştır. Elde edilen verilerin analizi için SPSS 25 paket programı kullanılmıştır. Katılımcıların her bir ifade için belirttikleri görüşlerin standart sapması ss ve aritmetik ortalaması x hesaplanmış; görüşlerin teoriye uygunlukuygunsuzluk düzeyleri belirlenmiş ve sonuçlar yorumlanmıştır. Son olarak katılımcıların mali tablo okuryazarlık düzeylerinin puan cinsinden belirlenmesi amacıyla çalışmada bir puan skalası geliştirilmiştir. Araştırmanın sonucunda, aldıkları puan değerlerine göre mali tablo okuryazarlık düzeyinin banka kredi temsilcilerinde yüksek, SMMMlerde orta ve işletme yönetici-sahiplerinde ise çok düşük olduğu görülmüştür. SMMM ve banka kredi temsilcilerinin ifadelere ait görüşlerinin işletme yönetici-sahiplerine kıyasla teoriye daha uygun olduğu saptanmıştır. İşletme yönetici-sahiplerinin mali tablolara yansımayan bilgilere de sahip olmaları onların mali tabloları önemsemelerini ve bu tabloları anlama gayreti göstermelerini olumsuz etkilediği değerlendirilmiştir.

Makale detayları

Examination of Financial Statement Literacy Level in Terms of Bank Credit Representatives, Accountants and Business Authorities

Yazarlar:

Sefa Onut | Mehmet Demir

Yayıncı:

Hitit University

Ana Başlıklar:

Finansal Muhasebe

Dergi:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 3, pp.482-501

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001331351

pISSN:

2757-7449

Financial Statements

Financial Statement Literacy

Financial Literacy

Financial AnalysisMali Tablolar

Mali Tablo Okuryazarlığı

Finansal Okuryazarlık

Finansal Analiz

Sayı

Makale detayları

Yazarlar: Sefa Onut | Mehmet Demir

Yayıncı: Hitit University

Ana Başlıklar: Finansal Muhasebe

Dergi: Hitit Sosyal Bilimler Dergisi Vol.17 Issue 3, pp.482-501

Belge Tipi: Makale

Yayın Tarihi: 12/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001331351

pISSN: 2757-7449

Sayı

Yazarlar:

Sefa Onut | Mehmet Demir

Yayıncı:

Hitit University

Ana Başlıklar:

Finansal Muhasebe

Dergi:

Hitit Sosyal Bilimler Dergisi Vol.17 Issue 3, pp.482-501

Belge Tipi:

Makale

Yayın Tarihi:

12/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001331351

pISSN:

2757-7449