Difference between revisions of "Pay Slips And Income Statements"
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== Definition == | == Definition == | ||
| − | '''Pay Slips And Income Statements'''. In the context of the [[Financial Competence Framework]], ''Pay Slips And Income Statements'' is a topic in the [[:Category: | + | '''Pay Slips And Income Statements'''. In the context of the [[Financial Competence Framework]], ''Pay Slips And Income Statements'' is a topic in the [[:Category:Money And Transactions | Money And Transactions]] subject matter domain.<ref>European Union/OECD (2022), Financial competence framework for adults in the European Union</ref> |
== Competences == | == Competences == | ||
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| − | [[Category: | + | [[Category:Money And Transactions | Money And Transactions]] |
Latest revision as of 16:35, 1 April 2022
Definition
Pay Slips And Income Statements. In the context of the Financial Competence Framework, Pay Slips And Income Statements is a topic in the Money And Transactions subject matter domain.[1]
Competences
Mastering the role of Pay Slips And Income Statements in financial literacy context requires the following competences:
| Code | Competency Description | Competency Type |
|---|---|---|
| 26 | Understands the entries on a payslip and income statement | Knowledge |
| 27 | Understands how to access, store and keep track of relevant information regarding a person's income | Knowledge |
| 28 | Understands the difference between gross and net income | Knowledge |
| 29 | Understands that some automatic deductions from pay may be earmarked for building assets/providing rights or paying expenses | Knowledge |
| 30 | Checks payslips and income statements and files them for future reference | Skill |
| 31 | Checks actual income against expected income and seeks to analyse why they might differ | Skill |
| 32 | Uses gross or net income as appropriate when making decisions | Skill |
| 33 | Takes into account the full pay package, including contributions to savings or insurance where relevant, when comparing current income to alternatives | Skill |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union
