L2FIN Level 2 Financial Capability


Level 2 Financial Capability


This course is a unit standard based course designed to give students the skills needed to function effectively in todays society. It aims to contribute to the students ability to manage their own lives by making educated and informed life decisions. It serves as a preventive measure of indebtedness, fraud and exploitation. We all have a responsibility to educate ourselves about these important life skills.


  • What is needed to become a financially capable citizen
  • An understanding of personal financial planning and management
  • The implications of living alone
  • The impacts life events can have on our standard of living
  • Your rights and responsibilities as a consumer


There are no prerequisites for this course.


Below is a suggested course outline. However built into this course is the option for students to explore particular areas of interest and strength. Options will be explored in conjunction with the student and teacher at the start of each year.

Title Credit Value Internal / External UE Literacy R/W
24695 Explain taxation and other deductions relating to personal income. 2 Internal X
24699 Make an informed decision relating to personal income and explain its impacts. 2 Internal X
28092 Analyse the effect of significant life events at different life stages on personal financial income. 3 Internal X
28094 Produce a balanced household budget and adjust the budget to reflect changing financial circumstances.    3     Internal X
28095 Analyse personal financial investment options 3 Internal X
8556 Identify legal and financial implications of buying a house 2 Internal X
8555 Describe the objectives and application of consumer lax 3 Internal X




The internal achievement standards will be assessed after the appropriate topics have been taught. There will be no reassessment opportunity for these standards.  Instead you will be given the opportunity to improve on your efforts if you get small things wrong that you can fix with no further teaching or  learning occurring (resubmission).  Because there is no reassessment, if you do not submit the assessment on the due date you have failed the standard.

The externally assessed achievement standards will be formatively assessed using tests and exams during the year. The results from these assessments will count towards class placings and any derived grade applications if you are unable to sit final examinations.

It is vital that you read and understand the rules relating to NCEA in the section on NZQA Information.  The following rules are emphasised here:

Late Work

Work submitted late for the internally assessed standards will score a “Not Achieved” . If you have a genuine reason why you are unable to submit work by the due date, then you are able to apply for an extension.  This should occur prior to the due date, not after.  Approach your subject teacher and make your case.  Read the NCEA Student Handbook for more detail.

 Authenticity and Appeals

The work you do must be your own.  Copied work or work attributed to you that is actually someone else’s (e.g. downloaded from the Internet) will not be marked.The school has policies which clearly state what happens in these cases.

You have the right to appeal your teacher’s assessment decision.  This must be done within 7 days. These issues are dealt with by the college’s assessment procedures.  Read your NCEA Student Handbook for details.

 Computer Failure:

Many of your assignments will be computer based. Ensure you have a back-up system in place. Using an external hard drive, a USB or email the work to yourself to guard against computer failure. Computer and printer failures are not valid excuses for handing work in late


Out into the world as an informed citizen and/or into Level 3 Financial Capability.


There are no course costs for 2021.