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Home > Australian Financial Literacy Assessment 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:
Schools Receive:
Students Receive:
General Information
Assessment StructureThe 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
Entry InformationEntry for AFLA is open to schools in Australia only.
Enter AFLA Online
Entry Fee
Special Needs
Survey for Teachers and School AdministratorsBecause 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
Flash Player is free to Download at
http://www.adobe.com/
Awards
ResultsAccess your schools’ results for the AFLA Pre-learning Assessment here .
Contact EAA’s Customer Service for further information on:
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 .
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