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Australian Financial Literacy Assessment

The Australian Financial Literacy Assessment (AFLA) is a free and voluntary national online assessment available to Australian students in Years 9 and 10. AFLA is an initiative of the Commonwealth Bank Foundation and is developed and delivered by Educational Assessment Australia (EAA). AFLA offers information for students, teachers and parents on students’ financial literacy. The Assessment includes questions on a range of topics using practical and real-life situations.

Financial literacy is about making informed judgements and taking effective decisions when using or managing money. Financial literacy is an essential life skill for all young Australians. The Commonwealth Bank Foundation seeks to encourage developments in education, particularly the development of financial literacy skills of young Australians. EAA has been commissioned as a leading national educational assessment organisation to develop the Australian Financial Literacy Assessment.

The Assessment is available online for Year 9 and Year 10 students and is designed to benefit student learning across a number of disciplines. On completion of each assessment, students receive immediate result summaries showing their total score. Teachers will receive instant details on individual, class and cohort performance. Teachers are able to use the data provided by AFLA to identify strengths and weaknesses and to focus on specific areas of financial literacy education. This information can assist in developing teaching and learning programs

AFLA provides accurate and easy to interpret assessment data on:

• individual student performance compared to their school performance
• individual student strengths and weaknesses

Schools Receive:

• online reports linked to the Commonwealth Bank Foundation's Financial Literacy Curriculum Resource

Students Receive:

• a certificate acknowledging achievement

General Information

Assessment Structure

The Assessment will be split into two parts: a Pre-learning Assessment and a Post-learning Assessment. The two assessment options are designed to chart student growth and learning in financial literacy throughout the year. However, it is not necessary that students participate in both the Pre and Post learning Assessments. Schools can elect to use the assessments independently. They remain a valuable measure of students’ awareness, understanding and skill in financial literacy.

Important Dates

Information and Resources

• Practice Questions
• Letter for Parents
• Terms and Conditions

Entry Information

Entry for AFLA is open to schools in Australia only.

Enter AFLA Online
Register your school for AFLA via the assessment application. Simply enter your EAA school code and unique AFLA password. The application opens soon; keep an eye out for your school’s registration details in your EAA Information Pack in February!

Entry Fee
Entry for AFLA is free of charge as it is fully funded by the Commonwealth Bank Foundation.

Special Needs

Any special needs considerations must be submitted no later than two weeks before your sitting date. ESL students may also be elegible for extra time. Please see the Terms and Conditions for full details.

Survey for Teachers and School Administrators

Because we value your feedback, teachers and school administrators are invited to complete an online survey after each assessment.

System Requirements for PC or MAC

• Adobe Flash Player version 9 (revision 124) or higher
• Must configure pop-up blockers to allow pop-ups from EAA websites
• Internet requirements:
  Minimum
  • 128K cable or DSL connection
  Optimum
  • 256K ADSL/Cable or Broadband connection
  

Flash Player is free to Download at http://www.adobe.com/
For more information on Adobe Flash Player version 9 please visit http://www.adobe.com/products/flashplayer/productinfo/systemreqs/

Awards

Results

Access your schools’ results for AFLA via the Assessment application.

Contact EAA’s Customer Service for further information on:

• Tel: +61 2 8344 1010
• Fax: +61 2 8344 1030
• Email: info@eaa.unsw.edu.au
• Web: www.eaa.unsw.edu.au

For further information about the Commonwealth Bank Foundation please visit http://www.commbank.com.au/foundation