The IFS Level 3 Certificate in Financial Studies is an educational qualification in finance offered principally in the United Kingdom. It counts for up to 60 UCAS tariff points depending on the grade, making it the equivalent of an AS-level. It consists of three examinations taken throughout the year. The exams for the first two modules can either be completed using a computer or pen and paper and are marked electronically, these exams are multiple choice whereas the last module is a written exam involving case studies. The Certificate in Financial Studies is produced by the Institute of Financial Services (IFS) and can be followed by the Diploma in Financial Studies if desired.