11FSK

Level 1 Financial Skills

Course Description

Teacher in Charge: Mr B. Megson

FINANCIAL SKILLS – YEAR 11
NCEA LEVEL 1
CODE: 11FSK

This course is designed for students who wish to develop some basic consumer financial skills.  On completion of the year’s course, students may be able to enter Level 1 Economics or Accounting or undertake the Level 2 Financial Skills course.

The knowledge and skills obtained from studying Financial Skills would be useful in any career as it deals with the management of money. Financial skills are used in managing your personal finances as well as in employment. Topics include budgeting, kiwisaver, insurance, banking, wise buying, credit and debt, personal financial goal setting, interpreting financial documents.

Students will also do a “Market Day” using real money to hopefully make a profit. This standard is worth 6 credits.




Pathway

Credit Information

Total Credits Available: 24 credits.
Internally Assessed Credits: 24 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 24705 v3
NZQA Info
Interpret and confirm accuracy of financial documents for personal financial capability
Level: 1
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 24709 v4
NZQA Info
Produce a balanced budget to manage personal finances
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28089 v3
NZQA Info
Demonstrate understanding of personal financial goal setting
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28090 v3
NZQA Info
Demonstrate knowledge of personal financial saving and investment options for given scenario(s)
Level: 1
Internal or External: Internal
Credits: 4
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28091 v3
NZQA Info
Explain risks and risk management strategies for personal finances
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90840 v3
NZQA Info
Business Studies 1.4 - Apply the marketing mix to a new or existing product
3
3
3
Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
A.S. 90842 v2
NZQA Info
Business Studies 1.6 - Carry out and review a product-based business activity within a classroom context with direction
Level: 1
Internal or External: Internal
Credits: 6
Level 1 Literacy Credits: Y
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 24
Total Level 1 Literacy Credits: 9
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

Disclaimer

Course availability is dependent on numbers and staffing, and course entry will be confirmed at the beginning of 2021. Students will be required to select additional back-up courses as part of this process.

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