Important School News

1 / 3

Telephone : 01474 814646 :

Finance

KS5 Financial Studies Curriculum Intent

The curriculum is designed to prepare and assess students throughout the two year course. These examinations are challenging in terms of content and skill. Students will need to have knowledge of the sustainability of finance in both the short-medium term and the medium-long term. Students will have the opportunity to apply their understanding of personal finance into the 8 exams spread over the two years.

Students  will develop their skills and knowledge to apply their understanding of personal financial sustainability to a range of given scenarios. These decisions will consider the personal needs and wants  of an individual in addition to other external factors. This in turn, allows students to make justified recommendations throughout their assessments. 

In the first year, the Students are taught the following 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.  

In the second year, the Students are taught the following areas:

  • Importance of financial capability in the immediate, short, medium and long term.  
  • The impact of external influences at different stages in the personal life cycle. 
  • Risk and reward in managing personal finance.  
  • Personal and external factors that lead to change.  
  • Maintaining financial sustainability and avoiding long-term debt.  
  • The financial services system and financial sustainability (individual and general).  
  • Marketing techniques.  
  • unseen texts from the crime genre

Due to the nature of the course, students will study the most up-to-date financial products and trends relating to the financial sector. Students will be given the opportunity to investigate a whole range of areas allowing a greater understanding of the financial industry. Students will be assessed on their understanding during a combination of multiple choice questioning and essay style questioning based on a pre-released case study.

To fully prepare students for the examinations requirements, students will have access to, and show application of, the mark scheme and assessment objectives from the London Institute of Banking and Finance to familiarise themselves with the key words and trigger words. In turn, teachers will use this dialogue in their feedback for the students, both verbally and in written form. 

As well as preparing students for the examination, this course will allow students to gain vital skills that they can use across their A level subjects and in their future qualifications. Students will be encouraged to develop their own writing style, making a transition between their writing for GCSE and A level. They will be encouraged to employ a more critical eye to analysis to become more perceptive, and they will be taught the valuable skills of approaching the extended writing questions.

In terms of character, the course aims to develop students to become rounded individuals as they apply their understanding of the day to day news and how this impacts on individuals and their finances. Students are encouraged to read beyond the curriculum requirements to develop this interest further, with the continuous links made to the news, financial documentaries and magazines. Moreover, Students participate in discussions and debates meaning their oracy skills will develop, and they will be competent speakers for their future endeavours. Students take part in national competitions to give a practical element to the stock market and visitors coming into the school to encourage students to develop their passion for the subject.

At KS5, students have the opportunity to study the LIBF Level 3 Certificate in Financial Studies (CeFS) in year 12 and then naturally progress into the LIBF Level 3 Diploma in Financial Studies (DipFS) in year 13.

CeFS has been designed to encourage students to be inspired to meet their lifestyle aspirations and teaches students to become responsible borrowers, sensible savers and have an appreciation of the need for financial planning throughout their lives.

DipFS has been designed to inspire students to meet their lifestyle aspirations through applying appropriate solutions from the wide range available within the evolving financial services marketplace. 

How will I be assessed

Unit 1: Financial Capability for the Immediate and Short term (FCIS)

  • 45 hour multiple choice paper
  • 1:45 hour pre release case study 

Unit 2: Financial Capability for the Unit  Medium and Long Term (FCML)

  • 45 hour multiple choice paper
  • 1:45 hour pre release case study 

Unit 3: Sustainability of an Individual's Finances (SIF)

  • 1 hour multiple choice paper
  • 2 hour pre release case study 

Unit 4: Sustainability of the Financial Services System (SFS)

  • 1 hour multiple choice paper
  • 2 hour pre release case study 

What is the name of the examination board?

London Institute of Banking & Finance

Useful links

https://www.libf.ac.uk