Financial Studies Certificate at Woodroffe School
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.
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.
English and Maths GCSE at Grade 5 or above.
Both units will be assessed by paper-based exam or via the ifs e-test™ electronic testing system. They will be made up of the following components: Part A - 35 multiple choice questions in a 45 minute exam (total marks: 35 / 100) Part B - pre-release case study requiring essay responses to five questions in a 105 minute examination (total marks: 60 / 100). Spelling, puctuation and grammar equates to 5/100
How to apply
If you want to apply for this course, you will need to contact Woodroffe School directly.