Certificate in Financial Studies (Level 3)

Exam Board: The London Institute of Banking and Finance

Course Outline

The LIBF Certificate in Financial Studies (CeFS) is a Level 3 course comprised of 2 Units.

Unit 1 Financial Capability for the Immediate and Short Term (FCIS) You will gain an appreciation of why money is important through focusing on what money is; attitudes to it; and how it can affect life choices. The Unit introduces you to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. You will also consider how your needs for money will change as you go through life.

Unit 2 Financial Capability for the Medium and Long Term (FCML) develops skills to plan and manage your financial needs in the medium and long term with particular reference to the importance of the need to budget and save for future aspirations and life events.

Content & Assessment

Each Unit is assessed by 2 exams. One multiple choice exam which takes 45 minutes and a pre-released case study requiring essay type responses to 5 questions over 1 hour 45 minutes. 4 exams in total. Spelling, punctuation and grammar are awarded 5% of the marks.


This will help you to manage your money as you progress into adult life. It will give you an insight into the financial services sector, enabling you to consider a future career in finance. This is equivalent to an AS level and offers the same UCAS points towards University entrance.

You can progress on to achieve the Diploma (A level equivalent) by completing a further 2 Units in Year 13 with a similar exam structure.

Staff Contact: Mrs A Murray-Smith amurraysmith@bucksgfl.org.uk

Entrance Requirements


  • GCSE Maths and English 5 or above.