Level 1 Award in Understanding Essential Finance RQF

Monday, 16 February 2026 06:01:35

International Students can apply

Apply Now     Viewbook

Level 1 Award in Understanding Essential Finance RQF

Overview

The Level 1 Award in Understanding Essential Finance RQF is designed for individuals seeking to develop a foundational understanding of financial concepts. This qualification covers key topics such as budgeting, saving, and managing personal finances.


Targeted towards beginners in finance, this course provides a solid grounding in essential financial principles. Whether you are looking to enhance your personal financial management skills or kickstart a career in finance, this qualification is a great starting point.


Take the first step towards financial literacy and enroll in the Level 1 Award in Understanding Essential Finance RQF today!

Embark on your journey to financial literacy with the Level 1 Award in Understanding Essential Finance RQF. This comprehensive course equips you with the fundamental knowledge and skills needed to navigate the world of finance confidently. Learn about budgeting, banking, and managing personal finances effectively. Gain a solid foundation for further studies in finance or kickstart your career in various industries. Stand out to employers with your enhanced financial acumen and boost your employability. With flexible learning options and expert guidance, this course is perfect for beginners looking to enhance their financial understanding. Take the first step towards a brighter financial future today! (10)

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 a personal budget
• Understand how to manage personal debt
• Understand the purpose and importance of financial services
• Understand the purpose and importance of financial products
• Understand the risks and benefits of borrowing money
• Understand the risks and benefits of saving money
• Understand the risks and benefits of insurance
• Understand the risks and benefits of investments
• Understand the importance of financial planning

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 Analyzes financial data to provide insights for decision-making and forecasting.
Accounting Assistant Supports accounting team with bookkeeping, invoicing, and financial record maintenance.
Budget Analyst Assists in developing, monitoring, and analyzing budgets for organizations.
Financial Planner Helps individuals and families create financial plans for their future goals.
Credit Analyst Evaluates creditworthiness of individuals and businesses for loan approvals.

Key facts about Level 1 Award in Understanding Essential Finance RQF

The Level 1 Award in Understanding Essential Finance RQF is designed to provide learners with a basic understanding of financial concepts and principles. The course covers topics such as budgeting, financial planning, and basic financial calculations. By the end of the course, learners should be able to demonstrate an understanding of key financial terms and concepts.
The duration of the Level 1 Award in Understanding Essential Finance RQF is typically around 10 hours of guided learning. This can be completed through a combination of classroom-based teaching and self-study. The course is assessed through a multiple-choice examination, which tests the learner's understanding of the key concepts covered.
This qualification is relevant to a wide range of industries, as financial literacy is essential in almost every sector. Whether you are working in finance, marketing, human resources, or any other field, having a basic understanding of finance can help you make better decisions and contribute to the overall success of your organization. The Level 1 Award in Understanding Essential Finance RQF can be a valuable addition to your skill set and enhance your career prospects.

Why this course?

The Level 1 Award in Understanding Essential Finance RQF holds significant importance in today's market, especially in the UK where financial literacy is a crucial skill. According to recent statistics, a staggering 49% of UK adults struggle with basic financial calculations, highlighting the urgent need for improved financial education. This qualification provides learners with essential knowledge and skills to navigate the complexities of personal and business finance, making them more competitive in the job market. In fact, studies show that individuals with a strong understanding of finance are more likely to secure higher-paying jobs and make better financial decisions. The table below illustrates the current demand for financial literacy in the UK: | Statistic | Percentage | |-------------------------------------|--------------| | UK adults struggling with finances | 49% | | Increase in demand for financial jobs| 12% | | Financially literate individuals | 65% | In today's rapidly evolving market, the Level 1 Award in Understanding Essential Finance RQF is a valuable asset for professionals looking to enhance their financial knowledge and skills, ultimately leading to greater career opportunities and financial success.

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

Ideal Audience for Level 1 Award in Understanding Essential Finance RQF | Criteria | Description | |----------|-------------| | Age | 16+ | | Education | No formal qualifications required | | Experience | No prior finance knowledge needed | | Career | Entry-level roles in finance, retail, or customer service | | Interest | Individuals looking to improve personal finance skills | The Level 1 Award in Understanding Essential Finance RQF is perfect for individuals aged 16 and above who are interested in gaining foundational knowledge in finance. Whether you have no formal qualifications or prior experience in finance, this course is designed to help you understand essential financial concepts. It is ideal for those looking to kickstart their career in finance, retail, or customer service. If you are eager to enhance your personal finance skills and make informed financial decisions, this course is tailored for you. In the UK, 49% of adults struggle with basic financial calculations, making this course essential for improving financial literacy.