Level 1 Award in Understanding Essential Finance OfQual

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International Students can apply

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Level 1 Award in Understanding Essential Finance OfQual

Overview

The Level 1 Award in Understanding Essential Finance OfQual is designed for individuals seeking to develop a foundational understanding of financial concepts. This qualification covers key topics such as budgeting, financial statements, and basic financial calculations. Ideal for beginners or those looking to refresh their knowledge, this course provides a solid grounding in essential finance principles. Whether you are a student, aspiring entrepreneur, or simply interested in improving your financial literacy, this award will equip you with the necessary skills to make informed financial decisions. Take the first step towards financial empowerment and enroll today!

Embark on your journey to financial literacy with the Level 1 Award in Understanding Essential Finance OfQual. This comprehensive course equips you with the fundamental knowledge and skills needed to navigate the world of finance confidently. Learn how to manage budgets, interpret financial statements, and make informed investment decisions. Gain a competitive edge in the job market and enhance your career prospects in various industries. With practical exercises and real-world case studies, you'll develop a solid foundation in finance. Whether you're a beginner or looking to upskill, this course is perfect for anyone seeking to enhance their financial acumen. (8)

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

• Understand the role of money in everyday life
• Understand how to manage personal finances
• Understand the importance of budgeting
• Understand different types of financial products and services
• Understand the risks and benefits of borrowing money
• Understand the concept of savings and investments
• Understand the basics of taxation
• Understand the importance of financial planning
• Understand the impact of economic factors on personal finances
• Understand the importance of financial literacy

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.

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Accreditation

 Awarded by an OfQual regulated awarding body

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  • 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
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Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Financial Analyst Analyzes financial data to provide insights for decision-making in organizations.
Accounting Clerk Assists with financial record-keeping and processing transactions in accounting departments.
Budget Analyst Develops and monitors budgets to help organizations achieve financial goals.
Financial Planner Assists individuals in creating financial plans to achieve their financial goals.
Loan Officer Evaluates loan applications and helps individuals and businesses secure financing.

Key facts about Level 1 Award in Understanding Essential Finance OfQual

The Level 1 Award in Understanding Essential Finance OfQual is designed to provide learners with a basic understanding of financial concepts and principles. The course covers topics such as budgeting, financial statements, and basic financial calculations. By the end of the course, participants will be able to interpret financial information, make informed financial decisions, and understand the importance of financial management.
This qualification typically takes around 6 weeks to complete, with a total of 30 guided learning hours. The course is delivered through a combination of classroom-based learning and self-study, allowing participants to work at their own pace. Assessment is usually done through a combination of written assignments and practical exercises.
The Level 1 Award in Understanding Essential Finance OfQual is relevant to a wide range of industries, including finance, accounting, business, and management. It is suitable for individuals who are new to finance or looking to refresh their knowledge of basic financial concepts. This qualification can also be a stepping stone for further study in finance-related fields.

Why this course?

The Level 1 Award in Understanding Essential Finance OfQual holds significant importance in today's market, especially in the UK where financial literacy is a crucial skill. According to recent statistics, a study conducted by the Money Advice Service revealed that only 38% of UK adults were able to answer five basic financial literacy questions correctly. This highlights the pressing need for individuals to enhance their understanding of essential finance concepts. The Level 1 Award in Understanding Essential Finance OfQual provides learners with a solid foundation in key financial principles, such as budgeting, saving, and managing debt. In a rapidly changing economic landscape, where financial decisions can have a profound impact on individuals' lives, this qualification equips learners with the knowledge and skills needed to make informed financial choices. By completing this award, professionals can enhance their employability and career prospects, as employers increasingly value candidates with strong financial acumen. In today's competitive job market, having a solid understanding of essential finance can set individuals apart from their peers and open up new opportunities for advancement. Overall, the Level 1 Award in Understanding Essential Finance OfQual plays a crucial role in addressing the current trends and industry needs for financial literacy in the UK market.
Financial Literacy Statistics in the UK
Only 38% of UK adults can answer five basic financial literacy questions correctly

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

The Level 1 Award in Understanding Essential Finance is perfect for individuals who are new to finance and want to build a solid foundation in financial concepts.
This course is ideal for students, young professionals, or anyone looking to enhance their financial literacy skills.
With 49% of UK adults admitting they struggle with basic financial calculations, this qualification can help bridge the gap and boost confidence in managing personal finances.