IMPACT OF FINANCIAL PROBLEM ON ACADEMIC PERFORMANCE OF GRADE 12 ACCOUNTANCY, BUSINESS, AND MANAGEMENT STUDENTS

Abstract

This study aimed to examine the impact of financial problems on the academic performance of Grade 12 Accountancy, Business, and Management (ABM) students at Immaculada Concepcion College. The researchers collected responses from 171 students, ensuring participation from all sections, ABM 1 to 8. This study employed a snowball sampling technique and used a descriptive-correlational research design. The results showed that 37.4% of the students earned 5,000 to 10,000, while 29.8% had incomes below 5,000. The majority of students had a general average of 86-90 in their first semester. The study also found that a lack of financial resources and high living expenses significantly affected students' academic performance. The r value of 0.039 and -0.069, and its p value is 0.613 and 0.370 indicating that financial problems have a negative impact on academic performance of respondents. The researchers recommend encouraging students to plan for their future early, implementing financial literacy programs, and conducting further research to explore additional factors influencing their financial status and academic performance.