All students are required to choose either the Certificate of Financial Studies (CeFS) or the Extended Project Qualification (EPQ)
The course encourages students to become responsible borrowers and sensible savers, and to appreciate the need for financial planning throughout their life. It prepares them for further study by developing the core skills of critical analysis and evaluation, verbal communication (through classroom discussion) 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.
The qualification will encourage students to:
- analyse financial information, financial services products and services and begin to make judgments about suitability for people in different circumstances;
- develop an understanding of financial concepts and terminology to enhance financial literacy;
- analyse, synthesise, evaluate and reflect;
- demonstrate numeracy skills, including the ability to manipulate financial and other
- numerical data to reflect the conceptual activity of financial maths;
- select appropriate data and information to make arguments;
- structure and communicate ideas logically and coherently; and
- increase their ability to work and learn independently.
There are 2 units which are assessed through a combination of multiple choice questions and a paper-based written response.
Part A: 35 Multiple Choice Questions (45 minute examination)
Part B: pre-release case study (105 minute examination)
GCSE grade 4-9 including Math. and English
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.
CeFS is an Applied General qualification that is primarily suited to the development of a solid
foundation in personal finance that underpins employment in any field of employment.