As an Applied General qualification, delivered as part of the enrichment suite of courses at Salter Sixth, the Certificate in Financial Studies (CeFS) is primarily designed for students aged 16–19 and 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 and confident 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. The main topics studied are:
LIBF – London Institute of Banking & Finance
Level 3 Certificate in Financial Studies (CeFS)
Ofqual qualification number - 600/8537/X
Students will have one double period of this subject per week. The course is very interactive and uses a mixture of front of class teaching combined with flipped learning and online resources from the LIBF website. Students, once registered onto the course, will receive their own unique login account name and password. Support will also be provided via TEAMS.
Level 3 – Equivalent to one A Level. Unit 1: Exam (50%) Unit 2: Exam (50%)
Re-sit attempts- Students are allowed one resit attempt for each component of the unit in accordance with the published qualification regulations. Students should be aware that the resit opportunity will contain different questions and case studies as appropriate. The result that gives students the highest mark in terms of UMS is used.
For students who wish to develop a wider understanding of the socio-economic impacts of personal finance, the skills and knowledge developed in CeFS can be extended by taking two further units to complete the Diploma in Financial Studies CeFS therefore provides both a valuable qualification in its own right and an early exit point if students wish to gain a foundation for study in financial services without developing or extending this knowledge further to include areas such as financial sustainability and the long-term impact of debt.
As a free-standing qualification, CeFS provides a platform for progression through further or higher education and has letters of support from universities. The financially related content of this qualification provides a foundation for continued study within the finance sector and a wide range of other business-related disciplines; many students go on to study subjects such as accounting, business, finance and banking at university or through further vocational training. This qualification is not a professional qualification and does not constitute a licence to practice.
The transferable skills developed are also valuable for further study in unrelated disciplines. The financial capability content and skills support students in making informed financial decisions about employment and further study options. This qualification carries the maximum UCAS points available. Also this foundation is across a wider range of opportunities than would be found within a single apprenticeship framework.
Mrs R Odedra: [email protected]