Certificate in Financial Studies

What will I learn?

The Certificate in Financial Studies (CeFS) has been designed to encourage individuals to be inspired to meet their lifestyle aspirations. This will be achieved by teaching them to apply the appropriate solution(s) from the wide range available within the evolving financial services marketplace.

Students who wish to learn how to make informed and confident decisions regarding their finances should consider the Certificate in Financial Studies. It will help students to become responsible borrowers, sensible savers and have an appreciation of the need for financial planning throughout their life. 

You will learn about managing your money, how it will impact on your life and the choices that you will have to make. Financial services products (such as credit cards, loans and mortgages) will be explained to you along with how they can help you meet your individual lifestyle needs. 

Unit 1:
This unit highlights the importance of financial capability in meeting immediate and short-term financial needs. It introduces students to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. Students will gain an understanding of cash flow to meet immediate and short-term financial needs through balancing income against expenditure and will also gain an appreciation of the differentiation of financial products for savings and the key features of interest and charges on borrowing. Students will understand their key responsibilities in terms of earning, income tax, National Insurance and other personal financial considerations depending on the stage of their life cycle whilst also gaining an appreciation of why money is important through focusing on what money is; attitudes to it; and how it can affect life choices.

Unit 2:
This unit highlights the importance of planning for medium- and long-term financial needs, with particular reference to the importance of the need to budget for future aspirations and life events. It introduces students to the features of risks and reward in managing personal finances. Students will consider the changing priorities attached to needs, wants and aspirations as individuals progress through the personal life cycle and the role of financial services in assisting lifelong financial planning and will gain an understanding of the personal approaches that individuals take towards risk and rewards and the impact of foreseen and unforeseen influences on financial budgeting. Students will understand the features of different types of financial services product, how to make informed choices about these financial services products, and when, where and how they can get financial help and advice whilst gaining an appreciation of the differentiation of financial products for investment and borrowing, and the charges attached to them. Students will gain insight into Islamic banking and will also consider the validity of data and information as a means of assisting in the financial decision-making process.

What can I do next?
This qualification will clearly give you a head start to a career in the financial services industry. However rather than focusing on any particular career, this qualification is intended to teach you what you need to know about managing your money. If you are worried about becoming financially independent at university or when you start fulltime work this could be the course for you. 

Level: IFS Level 3 Certificate (AS equivalent) 
Duration: 1 year

Qualification: CeFS - IFS Level 3 Certificate in Financial Studies 

Entry Requirements: Five Level 4 grade GCSEs, including English and Maths. 

Further course content
The Certificate in Financial Studies is graded A*-E and can attract up to 28 UCAS tariff points which contribute towards university entry.

Certificate in Financial Studies: Assessment
Unit 1 - Financial Capability for the Immediate and Short Term. A two paper examination: Part A 35 multiple choice questions [45 mins] and Part B consisting of questions based on a pre-release case study requiring essay responses to 5 questions [1 hr 45 mins],

Unit 2 - Financial Capability for the Medium and Long Term. A two-paper examination: Part A 35 multiple choice questions [45 mins] and Part B consisting of questions based on a pre-release case study requiring essay responses to 5 questions [1 hr 45 mins].

The overall qualification will be graded A*- E. To achieve a pass, students must achieve a pass of 40% in all four units. Units will be graded with pass / fail only. 

Students are allowed one resit attempt for each component of a unit in accordance with the published qualification regulations

How do I get more information about the course?
If you have any questions or wish to discuss the course contact me via the school on 01379 642424 ext.207 or via e-mail on; 


Financial Studies

Diss High School

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