L1 Financial Capability

L1FICA
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.



Pathway

L2 Financial Capability

Required Prior Learning

Entry is open.


Course Credit Information
Assessment
Level
Internal or
External
Credits
L1 Literacy Credits UE Literacy Credits Numeracy Credits
U.S. 24709 v4 Produce a balanced budget to manage personal finances
1
I
3
U.S. 28087 v3 Demonstrate understanding of the effect of life stages on personal income
1
I
3
U.S. 28088 v2 Demonstrate understanding of credit and debt on personal finances
1
I
3
U.S. 28089 v3 Demonstrate understanding of personal financial goal setting
1
I
3
U.S. 28090 v3 Demonstrate knowledge of personal financial saving and investment options for given scenario(s)
1
I
4
U.S. 28091 v3 Explain risks and risk management strategies for personal finances
1
I
3
Total Credits

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

Related Videos
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