NVQ Level 1 Award in Understanding Essential Finance

Sunday, 15 February 2026 19:31:07

International Students can apply

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NVQ Level 1 Award in Understanding Essential Finance

Overview

The NVQ Level 1 Award in Understanding Essential Finance is designed for individuals seeking to develop foundational knowledge in financial concepts.

This qualification covers topics such as budgeting, banking, and managing personal finances.

It is ideal for beginners or those looking to enhance their financial literacy skills.

By completing this course, learners will gain a better understanding of financial principles and practices.

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

Embark on your journey to financial literacy with the NVQ Level 1 Award in Understanding Essential Finance. This comprehensive course equips you with the fundamental knowledge and skills needed to manage personal and professional finances effectively. Learn how to create budgets, analyze financial statements, and make informed investment decisions. Gain a competitive edge in the job market with this valuable qualification, opening doors to a variety of entry-level roles in finance and accounting. With hands-on practical exercises and expert guidance, you'll develop a solid foundation for future career growth. Take the first step towards financial success today! (20)

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 purpose of financial transactions
• Identify different types of financial transactions
• Recognize the importance of financial records
• Explain the concept of budgeting
• Understand the role of financial institutions
• Identify common financial terms and concepts
• Explain the importance of financial planning
• Recognize the impact of financial decisions
• Understand the basics of personal finance
• Identify sources of financial advice and support

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

Career Opportunity Description
Junior Finance Assistant Assist in basic financial tasks such as data entry, invoice processing, and reconciliations in various industries.
Accounts Payable Clerk Responsible for processing invoices, making payments, and maintaining vendor records in a finance department.
Bank Teller Provide customer service, process transactions, and handle cash in a bank branch setting.
Financial Services Representative Assist clients with basic financial inquiries, promote financial products, and provide support in a financial institution.
Insurance Claims Processor Review and process insurance claims, verify policy information, and communicate with policyholders regarding claims status.

Key facts about NVQ Level 1 Award in Understanding Essential Finance

The NVQ Level 1 Award in Understanding Essential Finance is designed to provide learners with a foundational understanding of key financial concepts and principles. The course covers topics such as budgeting, financial planning, and basic financial calculations. By the end of the course, students will be able to demonstrate a basic understanding of essential financial concepts and practices.
This qualification typically takes around 6-8 weeks to complete, depending on the pace of study and individual learning capabilities. The course is delivered through a combination of classroom-based learning and practical exercises, allowing students to apply their knowledge in real-world scenarios.
The NVQ Level 1 Award in Understanding Essential Finance is relevant to a wide range of industries and sectors, as financial literacy is a crucial skill in today's competitive job market. Whether you are looking to enhance your employability or simply improve your personal financial management skills, this qualification can provide you with the necessary knowledge and expertise to succeed in various roles within the finance industry.

Why this course?

The NVQ 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 recent statistics, a staggering 49% of UK adults struggle with basic financial calculations, highlighting the urgent need for individuals to enhance their financial knowledge and skills. By obtaining this qualification, learners can gain a solid foundation in essential financial concepts such as budgeting, managing debt, and understanding financial statements. This knowledge is invaluable in navigating the complexities of personal finance, as well as in making informed decisions in the workplace. In a competitive job market, employers are increasingly seeking candidates with a strong understanding of finance, regardless of their industry. The NVQ Level 1 Award in Understanding Essential Finance can set individuals apart from their peers, demonstrating their commitment to professional development and their ability to contribute effectively to their organization. Overall, this qualification not only equips individuals with practical financial skills but also enhances their employability and career prospects in today's dynamic market.
UK Financial Literacy Statistics 49%

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

The ideal audience for the NVQ 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 those who are new to the world of finance and want to develop essential skills in managing personal finances.
With 49% of UK adults lacking basic financial knowledge, this course is designed to bridge that gap and empower learners to make informed financial decisions.
Whether you are a student, young professional, or someone looking to enhance your financial literacy, this course will provide you with the necessary tools to navigate the financial landscape with confidence.