As an Applied General qualification, 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 and written communication.
Key content areas
•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.
All components and units are mandatory and assessed. Each unit is assessed through a combination of multiple choice questions (Part A) and a written paper (Part B). A total of 200 marks are available from both units comprising 100 marks per unit.
The structure of the assessment ensures that all aspects of the course content are subject to external examination.
The written paper for each unit synoptically assesses a student’s ability to integrate the skills, concepts and knowledge from the unit.
Unit 2 builds upon Unit 1 and the content of Unit 2 has been designed to combine concepts, skills, techniques and factual content from across the units in order to enable students to demonstrate an integrated understanding of concepts, theories, and knowledge from across the syllabus.
A combination of classroom study, self study and enrichment activities.
GCSE English and Mathematics grade 5 or above