Statement of Intent:

The LIBF Diploma in the Business department helps promote a wide-ranging sixth form curriculum. The qualifications reflect the demands of a truly modern and evolving business environment. The subject intent is to inspire students to do their best. It is the department’s intention that while teaching Business and Finance, the teaching staff provide a safe, respectful nurturing working environment where students enjoy learning about Business and Finance. Business and Finance develop the students’ independence and life skills. To provide valuable career advice for students while studying Business and Finance. Regularly monitor the progress of students with SEND, checking that students are happy with their learning and progress. All work is well planned and organised. The department is well run and the objectives of the department are clearly aligned with those of the school.

Purpose:

As an Applied General qualification, the Diploma in Financial Studies (DipFS) is primarily designed for students aged 16–19 and provides an in-depth exploration of the key concepts of financial capability and how they are applied to achieve longer-term financial sustainability. Its purpose is to prepare students for further study through the development of the core skills of independent thinking, critical analysis and evaluation, synthesis, verbal communication (through classroom discussion) and written communication. DipFS builds on the skills and knowledge acquired through successful completion of the Certificate in Financial Studies and extends this to include areas such as financial sustainability within the wider financial services system, and the long-term impact of debt. Within DipFS the student explores the political, economic, social, technological, ethical and legal impacts of personal finance in the short, medium and longer terms. Through this, a greater understanding of the impact that global events can have upon consumers and the wider financial services industry is developed. DipFS therefore enhances the ability to make informed financial decisions through effective planning to manage the risks and challenges involved in personal finance.