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Code: 1.4.2 · Adults

Financial Records

Descriptors

Knowledge

What you can do at this level

  • Kdigitallarge-majority

    Aware of the importance of keeping certain documents in a place where they can be referred to if necessary

  • Kdigitallarge-majority

    In the case of documents in electronic format, is aware of the existence of cloud storage and of the implications of storing documents on cloud storage facilities (e.g. security and cost implications)

Skill

What you can do at this level

  • Sdigitallarge-majority

    Can retrieve documents when necessary, including if they are stored on cloud storage facilities

  • Sdaily-lifelarge-majority

    Queries uncertainties relating to financial records and contracts and asks for any errors to be corrected

  • Sdaily-lifelarge-majority

    Asks for financial records and written contracts when not provided

  • Sdigitallarge-majority

    Keeps multiple backups of financial records, including in electronic format

Learning outcome types
K — What you need to know: theoretical understanding and factual information.
S — What you can do: practical and technical abilities.