Business : Certificate in Financial Education (CeFE)
About the qualification
The Level 2 Certificate in Financial Education (CeFE) provides an introduction to, and preparation for, further study through developing an understanding of the economy, financial management skills, employability and enterprise. CeFE introduces the student to the impact of finance on the economy and encourages them to consider how this can affect business and the individual. Through this it develops knowledge and a valuable range of applied and transferable skills and provides a foundation for further study in business and finance-related disciplines, as well as a wide range of other fields that are encapsulated in programmes of study related to social enterprise and vocational professional development (eg self-employed hairdressers, taxi drivers, garden landscapers).
Key content areas
Public finance and the economy, including how these relate to:
· social, political and cultural factors;
· political institutions and processes;
· impacts on individuals, businesses and society.
Financial management, including:
· personal financial planning;
· budgeting and financial management tools for managing money;
· spending and borrowing.
Employability, enterprise and business, including how these relate to:
· business financial management;
· benefits to, and consequences for, businesses, individuals and society
All components and units are mandatory and assessed. Each unit is assessed via the following method:
Unit 1: 20 stand-alone multiple-choice questions and 5 sets of stimulus material each with 3 associated questions (total marks 35);
Unit 2: 15 stand-alone multiple-choice questions and 5 sets of stimulus material each with 4 associated questions (total marks 35).
Unit 3: pre-release case study requiring written responses (total marks 27).
Spelling, punctuation and grammar to be marked through the written responses (total marks 3)