Financial Education

GCSE

Option Subject - Category B

Examination Board: IFS University College

Specification Code: CeFE

Why Take This Course?

The Certificate in Financial Education (CeFE) is a qualification designed to equip students for effective decision-making in financial encounters within a broad social and economic context and linking these to employment.
 
This course provides an understanding of the role student’s play in the economic system and assists students to manage their personal finances.
 
Following a finance related course will assist progression on to a full range of post-16 pathways such as A levels, apprenticeships and college courses.
 

Aim Of The Course

To prepare students to take their place in society as responsible citizens by providing them with the skills and knowledge to manage their money well and make sound financial decisions.
 

Course Structure And Content

The Certificate in Financial Education consists of three mandatory units:
 
Unit 1 – Finance, the Individual and Society (FIS)
Students will understand the role of the citizen in the UK, the values held by citizens and the impact they have on personal finance.  FIS will also provide students with an understanding of the contribution of an individual to the economy of a country and the impact of external factors on personal financial plans.
 
Unit 2 – Practices of Managing Money (PMM)
When studying PMM, students will gain an understanding of the concept of financial planning and personal financial budgets.  The unit will also provide an understanding of the impact on both the individual and society of spending and borrowing.
 
Unit 3 – Financial Capability, Work and Enterprise (FCWE)
FCWE has been designed to provide learners with an understanding of how businesses manage money and the relationship between personal money management and business money management.  Students will be provided with knowledge on the inter-relationship between the individuals and business.
 

Assessment

Unit 1 and Unit 2 will be assessed by multiple-choice questions:
Unit 1 – Finance, the Individual and Society (FIS)
Is assessed by a single 35 minute test that is made up of 35 questions.
 
Unit 2 – Practices of Managing Money (PMM)
Is assessed by a single 35 minute test that is made up of 35 questions.
 
Unit 3 will be a written examination:
Unit 3 – Financial Capability, Work and Enterprise (FCWE)
Is assessed using a pre-release case study and then a written examination made up of five questions.  To achieve a pass grade, 50% is needed in all assessments.  The course is graded A*-C only.
 

Entry Requirements

There are no specified entry requirements; however students need to have reasonable IT, Numeracy and Literacy skills.

  1. GCSE Certificate in Financial Education