The core theme of the article is that financial literacy is a challenging goal, but an achievable one. Contrary to popular belief, finance is a diverse subject and the meaning of “financial literacy” varies on a business-by-business, job-by-job basis. Practically speaking, “financial literacy” is interwoven with “business literacy”, i.e., understanding the transactions, processes, markets, stakeholders, etc., that together comprise a business. This makes it hard to deploy generic educational solutions. Some managers need more than others. Some need different than others. My recommendation is not to look for a universal definition of literacy, but rather to treat your company as a collection of communities, each with its own need for financial knowledge and education. Using this approach, financial literacy programs can then be developed pragmatically, efficiently, and economically.
Malet, Edwin I.
"Financial Literacy after Sarbanes-Oxley: Building It; Sustaining It,"
Journal of Executive Education:
1, Article 1.
Available at: http://digitalcommons.kennesaw.edu/jee/vol3/iss1/1