Budgeting Applicaton For Personal Financial Planning Among Students Majoring In Accounting

Abstract

This study aimed to explain about the implementation of budgeting course in personal financial planning among the students majoring in accounting. It is very important, since most of the students frequently spend a lot of money after they receive pocket money from their parentsand will be very frugal at the end of the month. This phenomenon might happen because of the lack of knowledge on budgeting. This study used a qualitative method involving 18 students from varying levels of knowledge. The findings showed that students of "Excellent" group were interested in and highly mastered the budgeting course, thereby most of them made a budget and performed a simple variance analysis. On the contrary, students of the "Adequate" group were less interested in learning the course so they did not get the benefits of its learning. Limitation of this study actually lies in participants who are living in boarding houses. Recommendations are seen only from the students’ point of view. Further studies can be carried out by increasing the variability of participants and the improvement in learning methods can be done by observing the views of various parties.