Level 1 Award in Understanding Essential Finance

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International Students can apply

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Level 1 Award in Understanding Essential Finance

Overview

The Level 1 Award in Understanding Essential Finance

is designed for individuals

seeking to develop basic financial literacy skills.


This course covers fundamental concepts such as budgeting, saving,

and managing personal finances.


Whether you are a student, young professional, or someone

looking to enhance your financial knowledge,

this qualification will provide you with a solid foundation.


Take the first step towards financial empowerment

and enroll in the Level 1 Award in Understanding Essential Finance today!

Embark on your journey to financial literacy with our Level 1 Award in Understanding Essential Finance. This comprehensive course equips you with the fundamental knowledge and skills needed to navigate the world of finance confidently. Learn about budgeting, financial planning, and investment basics from industry experts. Gain a competitive edge in your career with this valuable qualification, opening doors to a wide range of opportunities in finance-related roles. Whether you're a beginner looking to enhance your personal finance management or a professional aiming to advance your career, this course is the perfect starting point. Enroll now and take control of your financial future. (16)

Entry requirements




International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

• Introduction to basic financial concepts
• Understanding income and expenses
• Budgeting and financial planning
• Banking and savings accounts
• Credit and debt management
• Introduction to taxes
• Financial goal setting
• Understanding financial statements
• Introduction to investing
• Risk management and insurance concepts

Assessment

The assessment is done via submission of assignment. There are no written exams.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

6 months: GBP £1250
9 months: GBP £950
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

6 months - GBP £1250

9 months - GBP £950

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

Apply Now

Accreditation

 Awarded by an OfQual regulated awarding body

Apply Now

  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Career Opportunity Description
Financial Analyst Analyze financial data, create reports, and provide insights to help organizations make informed decisions. Primary keywords: Financial Analyst, Finance, Analysis. Secondary keywords: Reporting, Data Analysis.
Accounting Clerk Assist with basic accounting tasks such as data entry, reconciling accounts, and preparing financial documents. Primary keywords: Accounting Clerk, Accounting, Finance. Secondary keywords: Data Entry, Reconciliation.
Financial Advisor Provide financial guidance to individuals or businesses, helping them plan for their financial future and achieve their goals. Primary keywords: Financial Advisor, Finance, Planning. Secondary keywords: Guidance, Investment.
Loan Officer Evaluate loan applications, assess creditworthiness, and make decisions on loan approvals. Primary keywords: Loan Officer, Finance, Credit. Secondary keywords: Loan Processing, Approval.
Budget Analyst Review budget proposals, monitor spending, and provide recommendations to help organizations manage their finances effectively. Primary keywords: Budget Analyst, Finance, Budgeting. Secondary keywords: Analysis, Recommendations.

Key facts about Level 1 Award in Understanding Essential Finance

The Level 1 Award in Understanding Essential Finance is designed to provide individuals with a foundational understanding of key financial concepts. Participants will learn about basic financial terminology, principles of budgeting, and the importance of financial planning. By the end of the course, learners will be able to interpret financial statements, understand the role of credit, and make informed decisions about personal finances.
This course typically lasts for a duration of 6-8 weeks, with a total of 30 guided learning hours. It is suitable for individuals who are new to finance or looking to refresh their knowledge in this area. The course is delivered through a combination of lectures, case studies, and practical exercises to ensure a comprehensive understanding of essential finance concepts.
The Level 1 Award in Understanding Essential Finance is highly relevant across various industries, as financial literacy is a valuable skill in both personal and professional settings. Individuals who complete this course will be equipped with the knowledge and skills to manage their finances effectively, make informed financial decisions, and communicate financial information confidently. This qualification can enhance career prospects in roles that require a basic understanding of finance, such as entry-level accounting positions or administrative roles that involve financial responsibilities.

Why this course?

The Level 1 Award in Understanding Essential Finance holds significant importance in today's market, especially in the UK where financial literacy is a crucial skill. According to a recent study by the Money Advice Service, only 38% of UK adults are able to pass a basic financial literacy test. This highlights the urgent need for individuals to enhance their understanding of essential finance concepts. By obtaining the Level 1 Award in Understanding Essential Finance, learners can gain a solid foundation in key financial principles such as budgeting, saving, and managing debt. This qualification not only equips individuals with the knowledge to make informed financial decisions but also enhances their employability in a competitive job market. In today's rapidly evolving financial landscape, where digital currencies and online banking are becoming increasingly prevalent, the need for financial literacy has never been more crucial. The Level 1 Award in Understanding Essential Finance provides learners with the necessary skills to navigate these complexities and make sound financial choices. Overall, the Level 1 Award in Understanding Essential Finance is a valuable qualification that addresses the current trends and industry needs in the UK market, making it highly relevant for both aspiring professionals and individuals looking to improve their financial literacy.
Financial Literacy Stats in the UK
Only 38% of UK adults pass a basic financial literacy test

Who should enrol in Level 1 Award in Understanding Essential Finance?

The ideal audience for the Level 1 Award in Understanding Essential Finance is individuals who are looking to gain a foundational understanding of financial concepts.
This qualification is perfect for students, young professionals, or anyone interested in improving their financial literacy.
In the UK, research shows that only 38% of adults have a good level of financial literacy, making this course essential for those looking to improve their financial knowledge.