Unit Award Scheme

120067 INDEPENDENT LIVING SKILLS: USING A BANK ACCOUNT (UNIT 2)

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	Student completed work
3	at least three types of identification that can be used to open a bank account	Student completed work
4	at least four bills a person would have to pay, if living independently	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 risks of paying by credit, hire purchase and borrowing, eg loans, from friends	Summary sheet and/or student completed work
7	at least three potential consequences of debt	Summary sheet and/or student completed work
8	how to open a bank account	Summary sheet and/or student completed work
demonstrated the ability to
9	list at least two incoming money and outgoing expenses for a young person within a given scenario	Student completed work
10	calculate the amount of disposable income after all the bills are paid.	Student completed work

All outcomes recorded on an AQA Summary Sheet

Approved 12 December 2023Level - Entry Level