Money management
FSMQ Level 1 scheme of work
A suggested work scheme for this AQA Level 1 (Foundation) FSMQ is given below. This recommends a total of 60 guided learning hours (such as 2 hours per week for 30 weeks, 4 hours per week for 15 weeks, or 5 hours per week for 12 weeks). There is plenty of scope for varying the order and time allocation, as many of the mathematical techniques can be covered in several different topic areas.
Some techniques should be introduced as soon as possible and used throughout the course. These include:
 money calculations (+, –, x, ÷ with and without a calculator) rounding values as appropriate (such as nearest pence, pound, £100)
 checking calculations using estimates, inverse operations and different methods (such as arriving at a total in different ways)
 using tables to record results
 using spreadsheets to carry out calculations and display results in tables and statistical charts and graphs.
Note that the AQA assessment of this FSMQ is by examination only and you should disregard any references to Coursework Portfolio requirements in the assignments which have not yet been updated. These have been included for possible use as classroom activities but will not form part of the AQA assessment of this FSMQ.
Topic area 
Content 
Nuffield resources 
Best buys 
Use decimals to make comparisons (putting in order of size). Convert between fractions, decimals and %.
= 33%, = 0.1 = 10%,
= 0.2 = 20%, and multiples of these. Use % to make comparisons.
Select the best buy in a range of contexts. (May also require conversion of units such as kg to g, litres to ml) 
Best buys 
Party time (assignment) 

Fractions, decimals and percentages 

The best buy (assignment) 

Ratio bingo and matching cards 

Currency 
Use British coins and notes to make amounts and give change. Use exchange rates to convert amounts between currencies. 
Convert currency 
Order forms 
Read and use information given in tables. Express one quantity as a fraction of another (in its simplest terms). Express one quantity as a percentage of another. Calculations involving finding fractions and percentages of quantities (such as discounts, VAT) 
Find per cent 
Work out VAT 

Have a holiday (assignment) 

Ordering from a catalogue (assignment) 
Topic area 
Content 
Nuffield resources 
Bills and invoices 
Calculations involving finding fractions and percentages of quantities Use pictograms, pie charts and bar charts to illustrate costs in different categories (drawn by hand and/or spreadsheet). 
Mobile phone tariffs 
Calculating VAT 

Bills (assignment) 

Invoices 





Savings 
Read and use information given in tables (leaflets from banks, building societies and so on) Calculate increases and decreases given a starting value and the percentage rate (using AER – annualised equivalent rate). Calculate new values given a starting value and the percentage rate. Calculate simple interest over a single time period. Calculate interest compounded over at least two time periods. 

Savings and interest 

Simple and compound interest 

Earning interest (assignment) 
Topic area 
Content 
Nuffield resources 
Money increases and decreases 
Calculations involving finding fractions and percentages of quantities Calculate new values given a starting value and the percentage rate. Use tables to record values. Use spreadsheets to calculate and record values. 
Sale 
Wages and overtime 

Firefighters’ pay 



Recording financial transactions 
Credits, debits and running totals, using both positive and negative numbers. Drawing line graph by hand to show how balance varies over time. Writing one quantity as a fraction or % of another. Use a spreadsheet to carry out and record financial calculations (including the use of negative numbers). Classify transactions (eg debits) into different categories (using tally charts). Illustrate results on a spreadsheet with pie charts, bar charts and line graphs (using the scatter graph facility) 
Student budgets 
Car costs (assignment) 

Create a bank statement 

Bank balance 

Spot the errors 

Bank statement (assignment) 

Timetables

Read and use timetables given in 24 and 12 hour clock Find the length of time of journeys. 
Day out 
Every second counts (AMP activity) 

Revision

Revise topics and try past papers. Discuss data sheet – make up and try questions based on it. 
Bills, Have a holiday and Car costs

Page last updated on 20 March 2012