Enrichment - Financial Capability Certificate in Financial Studies Level 3 (CeFS)

Course summary

As an Applied General qualification, the Certificate in Financial Studies (CeFS) is primarily designed for students aged 16–19 and provides a comprehensive introduction to personal finance. Its purpose is to prepare students for further study through the development of the core skills of critical analysis and evaluation, synthesis, verbal communication (through classroom discussion) and written communication. CeFS develops the knowledge and skills required for young people to make informed financial decisions by introducing them to the risks and challenges involved in personal finance and the tools for effective planning. Within this, it provides a solid basis for creating financial inclusion, by exploring social-economic trends and their relationship with an individual’s circumstances and attitudes. Course content 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. It is important for students to consider that there will be examinations in January and May so they must be completely dedicated to the course from the outset. Key skills developed: The qualification will encourage students to: ·Analyse financial information, financial 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