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Financial Studies Certificate in Financial Services (CeFS) at John Cabot Academy

Course description

The Certificate in Financial Services (CeFS) has been designed to provide students with a challenging qualification covering the core disciplines of financial capability and the ability to apply specialised, current knowledge of financial choices and issues. This will be achieved by students learning to evaluate and apply the appropriate solution(s) from the wide range available within the evolving financial services marketplace.

On completion of CeFS students will be able to: Understand the concept of money in all its forms, and how its value is subject to time and circumstance; appreciate the benefits that can be derived from financial services products, and how these can contribute to achieving their personal aspirations, develop an awareness of risk and reward, and the obligations associated with different financial solutions, explain their understanding of the monetary and financial system, appreciate how different external factors impact upon the bodies that regulate it, understand the scope of the financial services industry and the bodies that regulate it. CeFS consists of two units

Unit 1 – Financial Capability for the Immediate and Short Term (FCIS)

By studying FCIS students will gain an appreciation of why money is important through focusing on what money is, attitudes to it, and how it can affect life choices. The unit introduces students to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. They will gain an appreciation of the differentiation of financial products for savings and the key features of interest and charges on borrowing.

Unit 2 – Financial Capability for the Medium and Long Term (FCML)

By studying FCML students will gain the ability to plan and manage their financial needs in the medium and long term, with particular reference to the importance of the need to budget for future aspirations and life events. Learners 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. Students 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.

Both units will be assessed by e-test / written paper made up of the following components: Part A – 45-minute multiple-choice examination & Part B – 105-minute examination based on a pre-released case study requiring essay responses to 5 questions.

Entry requirements

GCSE Maths and English - C grade

How to apply

If you want to apply for this course, you will need to contact John Cabot Academy directly.

Last updated date: 20 May 2014

Key information

  • Start date: Next September
  • Duration: 2 years