Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT203 Mapping and Delivery Guide
Develop knowledge of debt and consumer credit
Version 1.0
Issue Date: June 2024
Qualification | - |
Unit of Competency | FNSFLT203 - Develop knowledge of debt and consumer credit |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to understand the functions and implications of different forms of credit, and the strategies and methods to make appropriate and effective decisions regarding management of personal debt and use of credit facilities. It has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations to build the financial literacy of learners. The unit may also be used as part of pre-vocational or new apprenticeship programs, or as part of services provided by counselling or advisory organisations.It applies to individuals who explore new ideas and techniques to build personal financial literacy knowledge.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
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 and discuss role of credit in society |
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Element: Identify and discuss range of credit options available |
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Element: Identify and compare costs of using credit |
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Element: Identify and discuss effective use of consumer credit |
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Element: Explain personal credit rating and history |
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