THIS COURSE IS RUN IN PARTNERSHIP AT FULSTON MANOR SCHOOLWHY TAKE THIS COURSE? ? Higher education – college courses related to finance or finance with business. ? Financial services – vocational area including employment in banks, building societies, insurance companies and other financial providers. ? A lifeskill – topics covered on this course are very relevant to the life experience of young people. Taking this course will enable students to make both informed decisions in their own finances now and in the future. AIMS OF THE COURSE The courses in Financial Studies have been designed to enable individuals to be informed, confident and interested in meeting their lifestyle aspirations by applying the appropriate solution(s) from the wide range available within the evolving financial services market place. The subject is available at both AS and A2 levels. Students will be successful by: 1. Appreciating the role financial services solutions are able to provide in enabling individuals to achieve their personal lifestyle needs, wants and aspirations. 2. Understanding the concept of ‘money’ in all its forms and how it is used. Appreciating that the value of money varies across different places and different times. 3. Developing an awareness and appreciation of risk, reward and its obligations associated with the use of financial solutions. 4. Understanding the scope of the financial services industry, the diverse players and how they interact with the individual. 5. Appreciating that there are external factors that may impact directly and indirectly upon individuals’ finances. COURSE STRUCTURE AND CONTENT CeFS Unit 1: AS Why Money Matters - This introduces students to the three central themes of personal finance, money and the financial services environment. CeFS Unit 2: AS Risks and Rewards – This unit will help students to develop their initial ideas through exposure to more complex issues surrounding financial services. They will begin to analyse the features of risk and reward and contrast obligation with consumer protection. CeFS Unit 3: AS Making Judgements – The conclusion to the AS programme brings together (within the wider environment) how students relate to ethical funds, the money markets and the changing nature of the financial services industry. DipFS Unit 1: A2 Financing the Future – In this Unit, financial services are studies from the point of view of customers. People need to recognise their circumstances, identify their needs and must realize the importance of taking personal financial responsibility. People choose financial products which meet their personal needs under the headings of money transmission, saving, loans and insurance. Different kinds of people make different choices and so their product mixes are different, according to their personality, background and culture. DipFS Unit 2: A2 Financial Services: The providers Perspective – In this Unit, financial services are studied from the point of view of the providers. Financial services providers develop and sell their products to provide necessary services and to make money; profits are the income of banks and insurance companies. DipFS Unit 3: A2 Enhancing Financial Capability – In this Unit, the financial services industry is studied as a whole and issues are looked at from a long-term perspective. There are many stakeholder groups with an interest in financial services providers; each group has its own interest and claims on the providers and some people have multiple identities. ASSESSMENT All units will be examined, Unit 1 and 2 of both qualifications are multiple-choice and are completed on-line, whilst Unit 3 is a written paper. Papers are not evently weighted.
No specific subject requirements but an interest in money matters and personal finance is important and the decision to select this course should involve consideration for advancement in the financial services world.
? Higher education – college courses related to finance or finance with business. ? Financial services – vocational area including employment in banks, building societies, insurance companies and other financial providers.