Section A: Demographic
Please check the appropriate circle.
1. Category
o Accountancy Student
o Accounting Professional
2. Age
o 18 – 24
o 25 – 30
o 31 – 40
o 41 – 50
o Above 50
3. Sex
o Male
o Female
4. Monthly Personal Income/Allowance
o Below PHP 10,000
o PHP 10,000 – PHP 30,000
o PHP 30,001 – PHP 50,000
o Above PHP 50,000
o Other: _____________
Section B: Educational Characteristics
Please check the appropriate circle.
5. For College Students:
Year Level:
o 1st Year
o 2nd Year
o 3rd Year
o 4th Year
o 5th Year
6. For Accounting Professionals:
Current Position (Check all that apply):
o Accounting Instructor (Teaching Accounting Subjects)
o CPA in Practice
o Doctoral Students
o Master’s Degree Holder in Accounting or Related Field
o Other: _____________
7. Have you taken any formal financial education aside from your accounting courses
(e.g., personal finance workshops, investment training, financial management courses,
CPC courses)?
o Yes
o No
Section 3: Personality Characteristics
PART 1: FINANCIAL ATTITTUDE
8. How sure do you feel about your ability to manage your own finances?
o Not sure at all - I wish I knew a lot more about money management
o Not too sure - I wish I knew more about money management
o Somewhat sure - I understand most of what I'll need to know
o Very sure - I understand money management very well
9. How interested are you in increasing your financial knowledge?
o Very uninterested
o Somewhat uninterested
o Not sure
o Somewhat interested
o Very interested
10. Why? (Explain your answer in the previous number)
________________________________________________
11. Would you attend a professional financial literacy workshop if offered?
o Yes
o No
12. Why or why not? (Explain your answer in the previous number)
________________________________________________
13. Which topics would be of interest to you? (Check all that apply)
o Budgeting
o Investing
o Taxes
o Credit
o Wills
o Life Insurance
o Loans/debt
o Credit cards
o Saving
o Interest rates
o Other: _____________
14. Using the scale given below, rate the importance of items to you.
1 - Not important
2 - Somewhat unimportant
3 - Not sure
4 - Somewhat important
5 - Very important
1 2 3 4 5
Maintaining adequate financial records
Spending less than your income
Planning and implementing a regular
savings/investment program
15. Rate the following items on a scale of 1-5.
1 – Not at all true of me
2 – Slightly true of me
3 – Somewhat true of me
4 – Mostly true of me
5 – Completely true of me
1 2 3 4 5
I feel in control of my financial situation.
I feel capable of using my (future) income to achieve
my financial goals.
My finances are a significant source of worry or
"hassle" for me.
I am uncertain about where my money is spent.
I feel credit cards are safe and risk free.
Purchasing things is very important to my happiness.
I feel capable of handling my financial future (e.g.
buying insurance or investments).
I am afraid of credit and credit cards.
I feel the cost of using a credit card is too high.
I feel putting away money each month for savings or
investments is important.
I feel having life insurance is an important way to
protect loved ones.
I feel it is important to understand apartment leases
and loan agreements before I sign.
I enjoy thinking about and have interest in reading
about money management.
I enjoy talking to my peers about money management
issues (i.e. taxes, investing, credit cards).
I am comfortable with not paying my credit card bills
in full each month as long as I make the minimum
payment.
I feel disability insurance is less important than life
insurance.
I feel being covered by homeowner's or renter's
insurance is important.
Part 2: FINANCIAL INFLUENCE
16. Rate the following influences on a scale of 1-5.
1 – None
2 – Not much
3 – Not applicable
4 – Some
5 – A lot
1 2 3 4 5
Parents
Friends
School
Mentors
Books
Media
Job
Industry/Professional experience
Life experiences
Internet
Informal public seminar or class
Financial planner or counselor
17. Which of the following items did you learn about in your home while growing up? (Check
all that apply)
o Budgeting
o Investing
o Taxes
o Credit
o Wills
o Life Insurance
o Disability Insurance
o Auto Insurance
o Renter’s/Homeowner’s Insurance
o Loans/debt
o Credit cards
o Saving
o Giving to charities
o Interest rates
o Keeping records
o Being honest in all dealings
o Work for what you receive
o Other: _____________
18. Where do you expect to learn/increase your financial knowledge? (Check all that apply)
o Parents
o Friends
o School
o Books
o Media
o Job
o Life experience
o Financial planner or counselor
o Other: _____________
PART 3: FINANCIAL BEHAVIOR
19. Some people tend to be very thrifty, saving money whenever they have the chance while
others are spending-oriented, buying whenever they can and even borrowing to
consume more. How would you classify yourself?
o Very thrifty, saving money whenever I can
o Somewhat thrifty, often saving money
o Neither thrifty nor spending oriented
o Somewhat spending-oriented, seldom saving money
o Very spending-oriented, hardly ever saving money
20. What kind of financial accounts do you have? (Check all that apply)
o Savings
o Checking
o Money market
o Certificate of deposit
o Stocks
o Bonds
o Mutual funds
o IRA
o Other: _____________
21. How much do you estimate you owe on all debts including credit cards, student loans
and other debts? (Do not include mortgage)
o PHP 0
o PHP 1 - 249,999
o PHP 250,000 – 499,999
o PHP 500,000 – 999,999
o PHP 1,000,000 – 1,999,999
o PHP 2,000,000
Respond to the following questions on credit cards: (if you have no credit cards skip the
question)
22. How many credit cards do you have?
_____________
23. How do you usually pay your monthly credit card bills?
o I pay the minimum
o I pay between the minimum and full amount
o I pay credit bills in full
o My parents pay my credit card bill
24. In what manner do you maintain financial records?
o Maintain no records
o Maintain minimal records
o Maintain very detailed records
25. Do you set aside money specifically for emergencies?
o Yes
o No
o Not sure
26. What percentage of your income do you save regularly?
o None
o 1% – 10%
o 11% – 20%
o 21% or more
o Other: _____________
27. What prevents you from budgeting or saving more? (Check all that apply)
o Low income
o High expenses
o Lack of financial knowledge
o Impulsive spending habits
o Other: _____________
28. Rate the following items on a scale of 1-5.
1 – Not at all true of me
2 – Slightly true of me
3 – Somewhat true of me
4 – Mostly true of me
5 – Completely true of me
1 2 3 4 5
I budget and track spending.
I compare my receipts of purchases to my monthly
statement.
I use credit cards to make purchases that I can’t
afford, and I don’t have the money in the bank to pay
the bill.
I get cash advances from my credit card.
I work extra hours (in excess of 20 hours a week) to
meet bills and expense (for students only).
I have my parents "bail me out" of credit card debt (for
students only).
I contribute to a savings account regularly.
I miss class to work extra hours to meet bills and
expenses (for students only).
I find legal ways to lower my taxes.
I compare prices when shopping for purchases.
I have a life insurance policy.
I read to increase my financial knowledge.
I read over and understand apartment leases and loan
agreements before I sign them.
I contribute to an investment account.
I have a disability insurance policy.
I am covered by a homeowner's or renter's insurance
policy.
PART 4: FINANCIAL KNOWLEDGE
29. Net worth is:
o The difference between expenditures and income
o The difference between liabilities and assets
o The difference between cash inflow and outflow
o The difference between borrowing and savings
o None of the above
30. Which account usually pays the MOST interest?
o Certificate of deposit (CD)
o Savings account
o Checking account
o Money Market account
31. Rob and Molly are the same age. At age 25 Rob began saving $2,000 a year for 10 years
and then stopped at age 35. At age 35, Molly realized that she needed money for
retirement and started saving $2,000 per year for 30 years and then stopped at age 65.
Now they are both 65 years old. Who has the most money in his or her retirement
account (assume both investments had the same interest rate)?
o Molly, because she saved more money overall
o Rob, because his money has grown for longer period of time
o They would each have about the same amount
o Unable to determine with information provided
32. If you signed a 12-month lease for $300 /month but never occupied the apartment, you
legally owe the landlord
o Your security deposit
o Your first month's rent of $300
o Your twelve month's rent of $3600
o Nothing
o Whatever the landlord wants
33. If you co-sign a loan for a friend, then you
o Become eligible to receive part of the loan principal
o Vouch for the friend's reliability but have no legal obligation for the loan
o Are responsible for repaying the loan if the friend defaults
o Are in a better position to get a personal loan
34. If a consumer fails to pay personal debts, a creditor is allowed to do all of the following
EXCEPT:
o Discuss the consumer's debts with his or her employer
o Bring suit against the consumer
o Tell a credit bureau that the account is delinquent
o Turn the account over to a professional debt collector
35. All of the following are TRUE of bankruptcies EXCEPT:
o It is more difficult to get a low-interest rate loan
o It will stay on your credit for ten years
o Any loan you receive will have a higher interest rate due to the bankruptcy
o For all types of bankruptcies, you are released from all your debt
