Financial Studies Certificate/Diploma at Darrick Wood School
These are fully accredited qualifications. The Certificate in Financial Studies (CeFS) qualification is completed in Year 12 and has been designed to cover the core disciplines of financial capability. Learners are encouraged to become responsible borrowers, sensible savers, and have an appreciation of the need for financial planning throughout their life.The Diploma in Financial Studies (DipFS) is completed in Year 13 and builds on the skills and knowledge acquired through successful completion of the Certificate in Financial Studies and extends this to include areas such as financial sustainability within the wider financial services system, and the long-term impact of debt. In the interests of balance, we would not recommend a student choosing more than two of their options from the range offered by the Business Studies Department.
There are two levels to this course. Year 12: Achievement of a pass in both units leads to the award of the LIBF level 3 Certificate in Financial Studies (CeFS). Year 13: Achievement of a pass in both units of the Certificate in Financial Studies (CeFS) and both units of the LIBF level 3 Diploma in Financial Studies (DipFS).
Grade 4 in GCSE English Language and GCSE Mathematics.
Unit 1 - Financial Capability for the Immediate and Short Term will be assessed by a multiple choice question paper and an additional written paper, based on pre-release case study material. This will take place during January in Year 12. Unit 2 - Financial Capability for the Medium and Long Term is assessed using the same format as Unit 1 and these examinations with take place during the end of April/early May in Year 12. Unit 3: Sustainability of an Individual's Finances will be assessed by a multiple choice question paper and an additional written paper, based on a pre-release case study material. This examination will take place the following January in Year 13. Unit 4: Sustainability of the Financial Services System is assessed using the same format as Unit 3. These examinations with take place during May in Year 13.
The financially-related content of the course serves as a strong grounding for undergraduate study within finance and business-related disciplines, with many students going on to study accounting, finance and business or working within the finance and banking sector. It also equips participants with important life skills which will fit well with any subject combination.
How to apply
If you want to apply for this course, you will need to contact Darrick Wood School directly.