Factors Affecting Financial Literacy among Undergraduate Students of Accounting Education in the Faculty of Economics of Universitas Negeri Medan

The aim of the research is to explore financial literacy related-aspects among students in the
Accounting Education department of Faculty of Economics at Universitas Negeri Medan
(UNIMED). The bottom line of this study is that a good financial management requires a good
financial knowledge in place. This research aims to help students in developing a complete
understanding and knowledge of financial literacy toward implementing the knowledge into their
daily personal finance management. The data was analyzed using the logistic regression test
indicating that there is a significant effect of financial education, financial, income, experience and
family-heritage and demographics on the knowledge investment. Cox and Snell R-Square is 0.706
(70,6%) and Nagelkerke R-Square is 0.a indicating that financial education, financial, income,
experience and family-heritage and demographics are good predictors for knowledge investment
among students in the Accounting Education department of Faculty of Economics at UNIMED.