Unit Award Scheme

118011 INDEPENDENT LIVING SKILLS: PERSONAL FINANCE

In successfully completing this unit, the Learner will have		Evidence needed
shown knowledge of
1	at least two different types of bank account	Student completed work
2	at least two potential barriers to opening a bank account	Summary sheet and/or student completed work
3	at least two types of identification needed to open a bank account	Summary sheet and/or student completed work
4	at least four bills a person would have to pay, if living independently	Summary sheet and/or student completed work
5	at least two key terms used for common banking transactions, eg direct debit, standing order	Student completed work
6	at least three potential consequences of debt	Summary sheet and/or student completed work
demonstrated the ability to
7	list all incoming money and outgoing expenses for a young person within a given scenario	Student completed work
8	calculate the amount of disposable income for the young person after all the bills are paid.	Student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 2 November 2022Level - Entry Level