This glossary of terms intends to provide the TESDA key players, partners, and stakeholders an online and updated TVET information, concepts, to bring common understanding and clarification on the use of TESDA terminologies.
| CONCEPT/TERM | DEFINITION |
|---|---|
| Financial Capacity |
refers to a measure of how well an institution can meet its short-term financial liabilities. It is calculated using the Quick Ratio Formula: (cash + marketable securities + accounts receivable) divided by current liabilities. Result which is greater than 1 (>1) will mean that the institution can meet its short-term liabilities. The values of the current assets and current liabilities shall be based on the latest Audited Financial Statements submitted to the BIR.
Source: TESDA Circular 107, s. 2021 |
| Financial Education/Financial Literacy |
the combination of knowledge, skills, and attitude and ultimately behaviors that translate into such financial decisions and appropriate users of financial services
Source: Center for Financial Inclusion |
| Findings/Areas Not Complied With |
refers to the absence, breakdown or failure of a procedure/process to meet the program registration requirements.
Source: TESDA-OP-CO-02 Rev. 00 |
| Flexibility |
is defined as offering choices in the educational environment, as well as customizing a given course to meet the needs of individual learners. Therefore, providing the possibility of making learning choices to learners is crucial. These learning choices can cover class times, course content, instructional approach, learning resources and location, technology use, the requirements for entry/completion dates, and communication medium.
Source: Collis, Moonen, & Vingerhoets, 1997; Goode, Willis, & Harris, 2007 (in the context of assessment) refers to opportunity for a candidate to negotiate certain aspects of their assessment with their assessor Source: TESDA Circular 059, s. 2020 |
| Flexible Learning |
the provision of a range of learning modes or methods giving learners a greater choice of when, where and how they learn.
Source: NCVER 2013, as cited in TESDA Circular No. 062, s. 2020 |
| Foreign Institutions/Organizations |
those with tie-up programs with TESDA such as Colombo Plan Staff College (CPSC), GTZ, India Technical Economic Cooperation (ITEC), etc.
Source: Memorandum No. 209, s. of 2020; TESDA-OP-AS-01 |
| Foreign Investment Negative List (FINL) or Negative List |
refers to a list of economic sectors where foreign ownership and participation in the Philippines are regulated
Source: TESDA Circular 107, s. 2021 |
| Foreign National |
refers to a person who is not a naturalized citizen of the Philippines.
Source: TESDA Circular No. 001, s. 2020 |
| Foreign Programs |
are programs either through bilateral technical assistance programs with or without government expenditures. May either be in long or short duration organized and offered by foreign institutions and/or organizations and designed to share country-specific knowledge and competence.
Source: Memorandum No. 209, s. 2020, TESDA-OP-AS-01 |
| Formal Apprentinceships |
training within employment involving a contract between an apprentice and an enterprise on an approved apprenticeable occupation.
Source: TESDA Circular 121 s. 2020 |
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