1FUFI

Level 1 Futures and Finance

Option Description

Teacher in Charge: Mr M. Clyne.

This is a unit standard based course which aims to give students an introduction to financial literacy. 

This course is designed to give students the opportunity to develop a relationship with money they may receive, earn and inherit. Students will gain hands on money tips to make informed decisions that will equip them to meet their personal financial goals, and to enhance studying or job opportunities.

This is done through establishing what their money personality is, Needs v  Wants , development of a budget and cash flow forecast, information of services that banks and finance companies offer, money traps, how to avoid debt, loan sharks, taxation and other deductions relating to personal income and Investing.

This course will be assessed to a selection of Level One Financial Capability Unit Standards. 

Recommended Prior Learning

This is an open entry course.

Pathway

Credit Information

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

Total Credits Available: 19
Internal Assessed Credits: 19
External Assessed Credits: 0
Assessment
Description
Level
Internal or
External
Credits
L1 Literacy Credits
UE Literacy Credits
Numeracy Credits
U.S. 24697 v4
NZQA Info

Perform income-related calculations for personal finances


Level: 1
Internal or External: Internal
Credits: 2
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 24709 v5
NZQA Info

Produce a budget to manage personal finances


Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 26088 v3
NZQA Info

Explain regulatory compliance in boatbuilding


Level: 5
Internal or External: Internal
Credits: 5
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28087 v4
NZQA Info

Demonstrate knowledge of the effect of life stages on personal income


Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28088 v3
NZQA Info

Describe credit and debt and their impacts on personal finances


Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
U.S. 28091 v4
NZQA Info

Describe risks and select risk management strategies for personal finances


Level: 1
Internal or External: Internal
Credits: 3
Level 1 Literacy Credits: 0
University Entrance Literacy Credits: 0
Numeracy Credits: 0
Credit Summary
Total Credits: 19
Total Level 1 Literacy Credits: 0
Total University Entrance Literacy Credits: 0
Total Numeracy Credits: 0

Disclaimer

NCEA Levels 1, 2 & 3 courses will be made up of a selection of the stated standards. This will happen at the beginning of the year with the assigned teacher.