Key content areas
- Importance of financial capability in the immediate, short, medium and long term.
Financial services and products, including sources of help and advice.
- Borrowing, budgeting, financial planning and cash flow forecasting.
- The impact of external influences at different stages in the personal life cycle.
- Risk and reward in managing personal finance.
Key skills developed
The qualification will encourage students to:
- analyse financial information, financial services products and services and begin to make judgements about suitability for people in different circumstances;
- develop an understanding of financial concepts and terminology to enhance financial literacy;
- analyse, synthesise, evaluate and reflect;
- demonstrate numeracy skills, including the ability to manipulate financial and other numerical data to reflect the conceptual activity of financial maths;
- select appropriate data and information to make arguments;
- structure and communicate ideas logically and coherently; and
- increase their ability to work and learn independently.