Financial Records

Definition

Financial Records. In the context of the Financial Competence Framework, Financial Records is a topic in the Money And Transactions subject matter domain.

Competences

Mastering the role of Financial Records in financial literacy context requires the following competences:

Code	Competency Description	Competency Type
109	Aware of the importance of keeping certain documents in a place where they can be referred to if necessary	Knowledge
110	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)	Knowledge
111	Can retrieve documents when necessary, including if they are stored on cloud storage facilities	Skill
112	Queries uncertainties relating to financial records and contracts and asks for any errors to be corrected	Skill
113	Asks for financial records and written contracts when not provided	Skill
114	Keeps multiple backups of financial records, including in electronic format	Skill