Financial Studies Certificate and Diploma

Level 3

Duration: 2 Years

Contact: Mrs C Cox

Entry Requirements

5 GCSE or equivalent grades at 4 or above including Maths and English.

Course Content

The CEFS qualification is designed to help individuals understand finances and the influence that they have on everyday life. Essential topics such as debt, loans, credit cards and budgeting are covered to give individuals the confidence to make important financial decisions.

There are two units, unit 1 is called Financial Capability for the Immediate and Short Term and unit 2 is called Financial Capability for the Medium and Long Term.

There is one written examination (65% of the mark) and one multiple choice examination (35% of the mark) in January on unit 1. There is also a written examination and multiple choice examination in May on unit 2 (same percentages). All 4 exams can be retaken if necessary (March/June).

The total score is made up from all four examinations. The course is graded A*-E.

The Diploma in Financial Studies (DIPFS) carries on in the second year and is an A Level equivalent. The qualification is designed to help individuals make financial plans for the future; understand financial services from the provider’s perspective and enhance their financial capabilities. The course covers essential topics such as product mix, cash flow, product development, product positioning, factors influencing the marketplace, corporate success criteria, stakeholder’s perceptions and effects on the environment. There are two units. Unit 1 is called Sustainability of an Individual’s Finances and unit 2 is called Sustainability of the Financial Services System.

This course gives full-time learners the opportunity to enter employment in the finance sector. It can also be taken as a degree at university should students want to study it further.

University Success

In 2019 96% of Homewood Sixth Form students were accepted by their first or second choice university.

Red Hot Progress

In 2019, Homewood’s Sixth Form was graded “Red Hot” for progress across academic and applied subjects by the ALPs organisation.