12FMGT

Level 2 Personal Financial Management

Course Description

Teacher in Charge: Mr L. Goh.


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.

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.

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


Recommended Prior Learning


Subject

Level 

Recommendations

Level 2 Personal Financial Management

2

Open entry.

Level 3 Personal Financial Management

3

Open entry.


Pathway

Credit Information

You will be assessed in this course through all or a selection of the standards listed below.

Total Credits Available: 18
Internal Assessed Credits: 18
External Assessed Credits: 0
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 28092 v4
NZQA Info

Explain the effect of significant life events on personal income at different life stages


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28093 v4
NZQA Info

Describe tertiary study funding options and potential financial consequences for future choices and responsibilities


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28094 v4
NZQA Info

Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28095 v4
NZQA Info

Explain personal financial savings and 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 v4
NZQA Info

Explain insurance products as financial risk management strategies for personal finances


Level: 2
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28097 v3
NZQA Info

Explain 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
Total Numeracy 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