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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 notification about the students' scores and information about what each student got right and wrong. At the end of the post-learning assessment cycle, participating schools will be able to log in to see an online summary of their results with some comparative data and a description of their students' improvement over time.

Teachers are able to use the information provided by AFLA as a needs analysis to focus on specific areas of financial literacy education. This 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
• comparative data for schools on student performance at a school and state level
• diagnostic information on individual, year and whole school achievement

Schools Receive:

• online comprehensive reports
• online reports linked to the Commonwealth Bank Foundation 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. Once a student has completed either assessment, an instant result will be available. After each assessment period, detailed online reports will be available. The Post-learning Assessment results will show comparisons between the two assessments.

Important Dates

Information and Resources

• Administration Guides
• Practice Questions
• Letter for Parents
• Terms and Conditions

Entry Information

Entry for AFLA is open to schools in Australia only.

Enter AFLA Online
Enter online to receive a Login ID and Password for your school to access the assessment application.

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

Special Needs
Braille copies of the assessment require 6 weeks notifcation. Any other 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. Participants will go into the draw to win one of five fantastic prizes from The Commonwealth Bank Foundation. See the Terms and Conditions for full details, or go to the Winners page to find out who won the Pre-learning Assessment Prize Draw.

System Requirements for PC or MAC

• Adobe Flash Player version 9
• 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 the AFLA Pre-learning Assessment here .

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

The full Terms & Conditions document is available for download .