Accessibility links

Financial Studies IFS level 3 Certificate at Francis Combe Academy

Course description

Learners are encouraged to become responsible borrowers, sensible savers, and have an appreciation of the need for financial planning throughout their life.

The purpose of the qualification 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 consists of two mandatory units. The recommended guided learning hours (GL) for the average student to complete is 187 hours. 

The skills and knowledge developed in CeFS can be extended by taking two further units to form LIBF Level 3 Diploma in Financial Studies (DipFS).

Entry requirements

General entry requirement for a 2 year programme of vocational courses is a mostly C/D grade profile at GCSE.

General entry requirement for a 2 year programme of 3 A levels, or a combination of A levels and vocational qualifications, is a mostly B/C profile at GCSE including 5 A* - C grades, including grade 4 English.

Although there are no specified entry requirements, the level of achievement required to obtain CeFS is equivalent to that of GCE level qualifications. Applicants need to be satisfied of their ability to study, in English, at this level. Therefore students should have English and Maths at Grade 4. 

Assessment

Both units will be assessed by paper-based examination or via the IFS e-test electronic testing system. Each unit is assessed through a combination of Multiple Choice Questions (Part A) and a written paper (Part B). 

A total of 200 marks are available from both units comprising 100 marks per unit. 

  • Part A: 35 multiple choice questions in a 45-minute examination. 
  • Part B: pre-release case study requiring essay responses to 5 questions in a 105-minute examination. Part B will also assess spelling, punctuation and grammar (SPAG) through the essay responses. 

Future opportunities

The skills and knowledge developed in CeFS can be extended by taking two further units to form LIBF Level 3 Diploma in Financial Studies (DipFS), or by other options for Further or Higher Education study. CeFS offers maximum 70 UCAS points which can contribute to your university entry. 

The transferable skills developed are also valuable for further study in unrelated disciplines and the financial capability content and skills support students in making informed decisions about the value of personal, employment and study options and budgeting whilst studying. 

How to apply

If you want to apply for this course, you will need to contact Francis Combe Academy directly.

Last updated date: 03 November 2017
Provider logo

Key information

Venues