L1FICA

L1 Financial Capability

Course Description

Teacher in Charge: Mrs N. Poffley

This course is designed to give students the opportunity to develop a relationship with money they may receive, earn and inherit. Students will gain hands on money tips to make informed decisions that will equip them to meet their personal financial goals, and to enhance studying or job opportunities.

This is done through establishing what their money personality is, Needs v  Wants , development of a budget and cash flow forecast, information of services that banks and finance companies offer, money traps, how to avoid debt, loan sharks, taxation and other deductions relating to personal income and Investing.

This course will be assessed to a selection of Level One Financial Capability Unit Standards. Assessment is a combination of both graded and ungraded standards. Students will have the opportunity to gain up to 19 credits at L1.



Required Prior Learning

Entry is open.

Pathway

Course Credit Information

Total Credits Available: 19 credits.
Internally Assessed Credits: 19 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 24709 v4
NZQA Info
Produce a balanced budget to manage personal finances

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28087 v3
NZQA Info
Demonstrate understanding of the effect of life stages on personal income

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28088 v2
NZQA Info
Demonstrate understanding of credit and debt on personal finances

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28089 v3
NZQA Info
Demonstrate understanding of personal financial goal setting

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28090 v3
NZQA Info
Demonstrate knowledge of personal financial saving and investment options for given scenario(s)

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28091 v3
NZQA Info
Explain risks and risk management strategies for personal finances

Further assessment opportunities will not be offered for this standard inline with NZQA guidelines

Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 19
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

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