Level 1 Financial Skills

11FSK
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

Level 1 Accounting, Level 1 Economics and Business Studies, Level 2 Financial Skills

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

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

Pathway Tags

Accountant, Actuary, Finance Manager, Debt Collector, Managing Director/Chief Executive, Civil Engineer, Quantity Surveyor, Economist, Game Developer, Insurance Agent, Mortgage Broker, Payroll Officer, Project Manager, Management Consultant, Data Analyst


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.