Financial Studies

Financial Studies IFS Diploma

Examination Board: The London Institute of Banking & Finance

Introduction: As an Applied General qualification Financial Studies explores, in depth, the key concepts of financial capability and how they are applied to achieve long-term financial sustainability. It develops and extends the knowledge and skills required for young people to make informed financial decisions through understanding the risks and challenges involved in personal finance and the importance of effective planning. Through developing core skills of critical analysis and evaluation, synthesis and written-communication, DipFS provides strong foundations for further study in business and finance-related disciplines, as well as a wide range of other fields.

Where does it lead? The financially-related content of this qualification serves as a strong grounding for undergraduate study within finance and business-related disciplines, with many students going on to study accounting, business, finance and banking. The skills developed and enhanced during the course provide valuable study skills appropriate for these disciplines and others, and students have pursued a wide range of other undergraduate courses following this qualification.

Course Details: This qualification carries up to 140 UCAS points. Each unit can be retaken once and you have to pass each examination to continue on the course. Examinations are in January and April with retakes in March and June/July.

Certificate Unit: 1st year of study

Assessment

Unit 1

Financial Capability for the Immediate and Short Term

1x Multiple Choice Exam, 35 marks-45 mins

1x Written Exam, 60 Marks + 5 SPAG 1hr 45 mins

Unit 2

Financial Capability for the Medium and Long Term

1x Multiple Choice Exam, 35 marks-45 mins

1x Written Exam, 60 marks + 5 SPAG 1hr 45 mins

 

Diploma Units: 2nd year of study

Assessment

Unit 3

Sustainability of an Individuals Finances

1x Multiple Choice Exam, 35 marks-1 hour

1x Written Exam, 60 marks + 5 SPAG 2 hours

Unit 4

Sustainability of the Financial Services System

1x Multiple Choice Exam, 35 marks- 1 hour

1x Written Exam, 60 marks +5 SPAG 2 hours

 

Key Contact: Curriculum Leader for Financial Studies- Mr Dan Dighorker (dan.dighorker@slougheton.com)