three members with "a certain basic 'financial literacy'. Such 'literacy' signifies the ability to read and understand fundamental financial statements, including a company's balance sheet, income statement and cash flow statement." Academic researchers have explored the relationship between financial literacy and accounting literacy. In this context Roman L. Weil defines financial literacy as "the ability to understand the important accounting judgments management makes, why management makes them, and how management can use those judgments to manipulate financial statements". Critical financial literacy Some financial literacy researchers have raised questions about the political character of financial literacy education, arguing that it justifies the shifting of greater financial risk (e.g. tuition fees, pensions, health care costs, etc.) to individuals from corporations and governments. Many of these researchers argue for a financial literacy education that is more critically oriented and broader in focus: an education that helps individuals better understand systemic injustice and social exclusion, rather than one which understands financial failure as an individual problem and the character of financial risk as apolitical. Many of these researchers work within social justice, critical pedagogy, feminist and critical race theory paradigms. See also Financial deepening Financial ethics Financial inclusion Financial literacy curriculum Financial Literacy Month Financial regulation Financial social work Information literacies References Further reading External links Money Smart Financial Education Program from the Federal Deposit Insurance Corporation, available at Wikimedia Commons Personal finance education Financial economics OECD