Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSCRD503A Mapping and Delivery Guide
Promote understanding of the role and effective use of consumer credit
Version 1.0
Issue Date: June 2024
Qualification | - |
Unit of Competency | FNSCRD503A - Promote understanding of the role and effective use of consumer credit |
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Description | This unit describes the performance outcomes, skills and knowledge required to explain the functions and implications of different forms of consumer credit as part of developing the financial skills of clients.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit may have particular application in lending institutions prior to accepting loan applications received by those with minimal financial awareness especially the young, recent school leavers, unemployed, senior citizens and those from non-English speaking backgrounds. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Identify range and type of consumer credit options |
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Element: Identify and discuss costs of using credit |
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Element: Promote effective use of consumer credit |
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Element: Provide client with information regarding credit reference reports |
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