Ascentis Level 1 Award in Managing Personal Finance

Aims

The aims of the qualification are to enable learners:

• To understand the sources of income and expenditure

• To understand the need to balance income and expenditure

• To know how to reduce expenditure

• To understand some of the products provided by banks and building societies and other similar financial institutions

• To understand the advantages and disadvantages of borrowing money

Assessment Method

This qualification is assessed through the completion of an Ascentis-devised multiple-choice test that is
carried out at the completion of the course.

The grading of this qualification is pass or did not achieve.