12FMGT

Level 2 Personal Financial Management

Course Description

Teacher in Charge: Mr P. Cowley

The standards offered in this course may be altered at the discretion of the Head of Department.

This course uses Unit Standards for assessment. Students can gain grades of Achieved, Achieved with Merit and Achieved with Excellence that can contribute to their Level 2 NCEA Certificate endorsement. It is currently not possible to gain a subject endorsement in Personal Financial Management as it is fully internally assessed.

Personal Financial Management explores the themes of: managing money and income, setting financial goals, and managing financial risk, at Level 7 of the Financial Capabilities Framework. Successful students will be able to: compare different ways of making payments, describe the consequences of good and bad debt decisions, explain interest payments and investment options, and make informed decisions about personal income and wealth.


Recommended Prior Learning

Open Entry

Pathway

Credit Information

Total Credits Available: 18 credits.
Internally Assessed Credits: 18 credits.

Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 28092 v3
NZQA Info
Analyse the effect of significant life events at different life stages on personal financial income
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28093 v3
NZQA Info
Describe the financial responsibilities and consequences of tertiary study funding options
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v3
NZQA Info
Produce a balanced household budget and adjust the budget to reflect changing financial circumstances
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28095 v3
NZQA Info
Analyse personal financial investment options
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28096 v3
NZQA Info
Demonstrate understanding of insurance products for personal financial capability
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28097 v2
NZQA Info
Analyse and select banking products and services in relation to personal finances
Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 18
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
TotalNumeracy Credits: 0

Disclaimer

Courses will only run based on minimum entries

Selecting a course does not guarantee entry into this course

You may apply for an exemption if you do not meet the prerequisites of a course or if the course requires this for entry

Standards offered can be altered at the discretion of the HOF or HOD of the Department

Some standards in NCEA courses might be optional depending on student strengths 

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