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Financial Studies Level 3 certificate at Northampton Academy

Course description

As an Applied General qualification, the Certificate in Financial Studies (CeFS) 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. CeFS develops the knowledge and skills required for young people to make informed financial decisions by introducing them to the risks and challenges involved in personal finance and the tools for effective planning. Within this, it provides a solid basis for creating financial inclusion, by exploring social-economic trends and their relationship with an individual’s circumstances and attitudes.

Course content

Importance of financial capability in the immediate, short, medium and long term. Financial services and products, including sources of help and advice. Borrowing, budgeting, financial planning and cash flow forecasting. The impact of external influences at different stages in the personal life cycle. Risk and reward in managing personal finance.

Unit 1: Understand the value and purposes of money. Understand the concept of the personal life cycle and the impact of external influences. Understand the features of different types of financial services product. Understand the role of key stakeholders in financial services provision. Understand the characteristics of financial products for managing money. Understand how to manage finance in the short term and the impact of poor decision-making and unforeseen circumstances. Understand the impact of legislation and regulations on earnings and the key features of income tax and National Insurance. Understand an individual’s financial needs through the various life stages.

Unit 2: Understand the influence of values, needs, wants and aspirations on financial decision-making. Understand how to budget for future aspirations and life events. Understand how to plan for medium- and long-term financial needs. Understand the features of risks and rewards in managing personal finances. Understand the features of different types of financial services product. Understand how to make informed financial choices in the selection of financial services products. Understand when, where and how an individual can get financial help and advice.

Entry requirements

At least 5 A*-C GCSE’s including a minimum Grade 4 English Language and Mathematics


Two Exams in Yr. 12: Unit 1 – Financial Capability for the immediate short term. Unit 2 – Financial Capability for the medium and long term.

Future opportunities

This qualification is designed to support progression to higher education when taken as part of a programme of study that includes other appropriate BTEC or A Level qualification, as well as a valuable preparation for careers in any area of Business and Finance sectors.

How to apply

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

Last updated date: 15 August 2017
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