Domain - Financial Capability
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| 0 Qualifications | 24 Assessment Standards (24 Units) | View Education Organisations with Consent to Assess |
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Assessment Standards
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Level 1
Perform income-related calculations for personal finances
Version 4
24697 Unit Standard 2 Credits
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People credited with this unit standard are able to: calculate gross income for personal finances; describe factors that affect net pay; and determine accuracy of net pay for personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Interpret and confirm accuracy of personal financial documents
Version 4
24705 Unit Standard 2 Credits
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People credited with this unit standard are able to: interpret information contained in personal financial documents for management of personal finances; and confirm accuracy of the information contained in personal financial documents, and describe actions required to correct financial inaccuracies.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Produce a budget to manage personal finances
Version 5
24709 Unit Standard 3 Credits
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People credited with this unit standard are able to: demonstrate knowledge of budgeting terms, services and tools; and produce a budget, to manage personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Demonstrate knowledge of the effect of life stages on personal income
Version 4
28087 Unit Standard 3 Credits
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People credited with this unit standard are able to demonstrate knowledge of the effect of life stages on personal income.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Describe credit and debt and their impacts on personal finances
Version 3
28088 Unit Standard 3 Credits
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People credited with this unit standard are able to describe credit and debt and their impacts on personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Demonstrate knowledge of personal financial goal setting
Version 4
28089 Unit Standard 3 Credits
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People credited with this unit standard are able to demonstrate knowledge of personal financial goal setting.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Demonstrate knowledge of selected personal financial saving and investment options that provide financial benefits
Version 4
28090 Unit Standard 3 Credits
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People credited with this unit standard are able to demonstrate knowledge of selected personal financial saving and investment options that provide financial benefits.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Describe risks and select risk management strategies for personal finances
Version 4
28091 Unit Standard 3 Credits
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People credited with this unit standard are able to describe risks and select risk management strategies for personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Demonstrate knowledge of personal credit history
Version 2
29558 Unit Standard 3 Credits
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People credited with this unit standard are able to demonstrate knowledge of personal credit history.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Level 2
Explain taxation and other deductions relating to personal income
Version 4
24695 Unit Standard 2 Credits
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People credited with this unit standard are able to explain taxation and other deductions relating to personal income.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Make an informed decision relating to personal income and explain its impacts
This standard has expired and is no longer available.
Version 4
24699 Unit Standard 2 Credits
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People credited with this unit standard are able to make an informed decision relating to personal income and explain its impacts.
Standard-setting body:
Explain the effect of significant life events on personal income at different life stages
Version 4
28092 Unit Standard 3 Credits
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People credited with this unit standard are able to explain the effect of significant life events on personal income at different life stages.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Describe tertiary study funding options and potential financial consequences for future choices and responsibilities
Version 4
28093 Unit Standard 3 Credits
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People credited with this unit standard are able to describe tertiary study funding options and potential financial consequences for future choices and responsibilities.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Produce a household budget, set a financial goal and review and adjust the budget to achieve the goal
Version 4
28094 Unit Standard 3 Credits
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People credited with this unit standard are able to produce a household budget, set a financial goal and review and adjust the budget to achieve the goal
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Explain personal financial savings and investment options
Version 4
28095 Unit Standard 3 Credits
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People credited with this unit standard are able to explain personal financial savings and investment options.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Explain insurance products as financial risk management strategies for personal finances
Version 4
28096 Unit Standard 3 Credits
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People credited with this unit standard are able to explain insurance products as financial risk management strategies for personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Explain and select banking products and services in relation to personal finances
Version 3
28097 Unit Standard 3 Credits
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People credited with this unit standard are able to explain and select banking products and services in relation to personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Level 3
Evaluate options to increase personal income
Version 4
28098 Unit Standard 3 Credits
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People credited with this unit standard are able to evaluate options to increase personal income.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Evaluate credit options and select debt management strategies to manage personal finances
Version 3
28099 Unit Standard 3 Credits
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People credited with this unit standard are able to evaluate credit options and select debt management strategies to manage personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Develop a plan to show how a budget contributes to achieving a long-term personal financial goal
Version 4
28100 Unit Standard 4 Credits
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People credited with this unit standard are able to develop a plan to show how a budget contributes to achieving a long-term personal financial goal.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Evaluate savings and investment options and make a plan to create a long-term personal investment portfolio
Version 4
28101 Unit Standard 4 Credits
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People credited with this unit standard are able to evaluate savings and investment options and make a plan to create a long-term personal investment portfolio.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Demonstrate understanding of risk and return on investment for a personal financial investment portfolio
This standard has expired and is no longer available.
Version 4
28102 Unit Standard 4 Credits
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People credited with this unit standard are able to demonstrate understanding of risk and return on investment for a personal financial investment portfolio.
Standard-setting body:
Analyse and select personal financing options for purchasing a property
Version 3
28103 Unit Standard 4 Credits
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People credited with this unit standard are able to analyse and select personal financing options for purchasing a property.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Analyse external risk factors and select strategies to manage their impact on personal finances
Version 3
28104 Unit Standard 3 Credits
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People credited with this unit standard are able to analyse external risk factors and select strategies to manage their impact on personal finances.
Consent & Moderation Requirements:
CMR 226
Standard-setting body:
Data as at 07 December 2024