Financial Literacy Resource Centre

The tables used in the Audit show the coverage each resource has of the Adult Literacy and Numeracy Core Curricula and the Adult Financial Capability Framework. These free documents can all be ordered from the DfES suppliers, Prolog, tel. 0800 60 222 60.

The keys below explain the references used by these documents.

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Literacy through Finance – the Adult Literacy Core Curriculum

Speaking and Listening

SLIr

Listen and respond

SLc

Speak to communicate

SLd

Engage in discussion

Reading

Rt

Text

Rs

Sentence

Rw

Word

Writing

Wt

Text

Ws

Sentence

Ww

Word

Note:

• Text focus looks at the overall meaning of the text, the ability to read critically and write in different styles and forms
• Sentence focus deals with grammar and sentence structure
• Word focus looks at the individual words themselves e.g. their structure and spelling

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Numeracy through Finance – the Adult Numeracy Core Curriculum

Number

N1

Whole numbers

N2

Fractions, decimals and percentages

Measure, shapes and space

MSS1

Common measures

MSS2

Shape and space

Handling data

HD1

Data

HD2

Probability

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Financial Literacy – the Adult Financial Capability Framework

Financial knowledge and understanding

a

Different types of money and payment

b

Income generation

c

Income disposal

Financial skills and competence

d

Gathering financial information and record keeping

e

Financial planning – saving, spending, budgeting

f

Risk and return

Financial responsibility

g

Personal choices and the financial implications

h

Consumer rights, responsibilities and sources of advice

i

Implications of finance

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Levels

The levels that are referred to within the tables are shown below with a comparison to the National Curriculum levels used in schools.

Levels		Adult Financial Capability Framework	Adult Literacy/Language and Numeracy	National curriculum
Entry	Survival level	Basic	Entry 1	Key Stage 1 NC level 1
			Entry 2	NC level 2 (age 7)
			Entry 3	Key Stage 2 NC level 3 (age 8/9/10)
Level 1	Functional level	Developing	Level 1	Key Stage 3 NC level 4 GCSE D-G (age 11)
Level 2	Operational level	Extending	Level 2	Key Stage 4 GCSE A*-C (age 16)