Checking And Keeping Track Of Payments And Purchases
From Open Risk Manual
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Definition
Checking And Keeping Track Of Payments And Purchases. In the context of the Financial Competence Framework, Checking And Keeping Track Of Payments And Purchases is a topic in the Money And Transactions subject matter domain.[1]
Competences
Mastering the role of Checking And Keeping Track Of Payments And Purchases in financial literacy context requires the following competences:
Code | Competency Description | Competency Type |
---|---|---|
87 | Understands that mistakes can be made when making payments and purchases, and knows how to spot them on invoices, bills and receipts | Knowledge |
88 | Knows that some receipts should be kept as evidence of a purchase | Knowledge |
89 | Checks payment details, receipts and change, invoices and bills where relevant | Skill |
90 | Requests a receipt if not provided and keeps receipts and other relevant documents related to important purchases | Skill |
91 | Keeps track of all money paid out or spent | Skill |
92 | Confident to double check when it appears that a mistake has been made with a payment or purchase and to act if this is the case | Attitude |
References
- ↑ European Union/OECD (2022), Financial competence framework for adults in the European Union