Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSFLT203A Mapping and Delivery Guide
Develop understanding of debt and consumer credit
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSFLT203A - Develop understanding of debt and consumer credit |
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Description | This unit describes the performance outcomes, 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 the management of personal debt and the use of credit facilities.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 has wide application and may be used in workplaces, schools, adult and community learning organisations or registered training organisations in order 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. | ||
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 the role of credit in society |
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Element: Identify and discuss the range of credit options available |
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Element: Identify and discuss costs of using credit |
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Element: Analyse and discuss the effective use of consumer credit |
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Element: Manage personal credit rating and history |
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