Financial Capacity
Assessment

MRCPsych CASC
Justpsychiatry

Basic Monetary Skills

• Naming coins/currency - Identify specific coins and currency

• Coin/currency relationships - Identify relative worth of coins/currency

• Counting coins/currency - Accurately count coins and currency

Financial Conceptual Knowledge

• Define term money - Define a variety of financial concepts

• Define ways people obtain money

• Define term loan

Cash Transactions

• Identify item cost - Identify cost of single item from price tag

• One item grocery purchase - One item transaction; verify change

• Addition of sales tax - Explain additional charge regarding purchase

Checkbook Management

• Understand checkbook - Define check

• Use checkbook - Simulated transaction; pay by check

• Use checkbook - register Simulated register entry and balancing

Bank Statement Management

• Identify bank statement - Explain the purpose of bank statement

• Identify bank statement balance - Calculate bank statement balance

• Identify deposit - Identify monthly checkbook deposit

• Identify balance differences - Identify balance differences

Financial Judgment

• Detect telephone fraud risk - Detect and explain risk

• Determine appropriate value - Explain how to determine the worth of automobile

• Advertising automobile - Indicate how to advertise automobile

• Receiving payment - Explain how to obtain appropriate payment

Bill Payment

• Understand bills - Explain the meaning and purpose of bills

• Identify bill amount - Identify money owed on bill

• Questioning amount of bills - Explain how to question the amount of bill

• Unpaid bills - Explain the consequence of unpaid bills

Knowledge of Personal Assets and Estate Arrangements

• Income - Identify the source of income

• Assets and will/trust - Identify valuables and will/trust

Overall Financial Capacity

• Functioning across all skills and domains