ABSTRACT

Financial management is indispensible for all companies. Having, reaching and analysing financial information is a vital issue for all succesful businesses. Managers should understand the meaning of financial data and follow the regulations which effect financial statement of the company. Most of the studies state that woman entrepreneur make a decision on financial issues by asking her husband, families and friends. Financial decision should be taken according to financial management science. All companies and its financial statements have their own characteristics so decisions should be taken by financial consultants. The aim of this study is to measure the level of financial knowledge of women entrepreneurs in small and medium enterprised (SMEs) managing by women. In Turkey, new Turkish Trade Code (TTC) will be implemented after 2012 which will effect especially accounting and finance applications in SMEs very deeply. In this study, women entrepreneurship who are the owners of SME and member to Women Enterpreneurs Board of Chamber of Trade in Edirne were asked questions about financial management and new trade code by using "face to face interview method". Findings show that women entrepreneurs have an incompetent about new trade code and financial management issues and there is a need for "continuous trade education" for women entrepreneurs.