NVQ Level 1 RQF in Understanding Essential Finance

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NVQ Level 1 RQF in Understanding Essential Finance

Overview

NVQ Level 1 RQF in Understanding Essential Finance

This qualification is designed for individuals seeking to develop a foundational understanding of essential financial concepts. It covers topics such as budgeting, financial planning, and basic accounting principles. Ideal for beginners in finance, this course provides a solid grounding in key financial skills. Whether you are looking to enhance your personal finance management or pursue a career in finance, this qualification will equip you with the necessary knowledge. Take the first step towards financial literacy and enroll in NVQ Level 1 RQF in Understanding Essential Finance today!

Embark on a transformative journey with our NVQ Level 1 RQF in Understanding Essential Finance course. Gain a solid foundation in financial literacy and enhance your employability with this comprehensive program. Learn to manage personal finances, understand financial statements, and make informed decisions. Key benefits include practical skills development, industry-relevant knowledge, and a recognized qualification. Unlock doors to various entry-level roles in finance, accounting, and business administration. Our unique features include flexible learning options, expert guidance, and real-world case studies. Elevate your career prospects and financial acumen with this essential course. Enroll today and take the first step towards a successful future. (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 purpose of financial transactions
• Identify different types of financial transactions
• Recognize the importance of financial records
• Understand basic financial terminology
• Identify common financial documents
• Understand the concept of budgeting
• Recognize the importance of financial planning
• Understand the role of financial institutions
• Identify different methods of payment
• Understand the concept of credit and debt

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 a finance department.
Accounts Payable Clerk Responsible for processing and monitoring payments to suppliers, ensuring accuracy and timeliness.
Bank Teller Provide customer service, process transactions, and handle cash in a bank branch setting.
Finance Intern Gain practical experience in financial analysis, budgeting, and reporting under the guidance of senior finance professionals.
Bookkeeping Assistant Support bookkeepers in maintaining financial records, preparing reports, and managing accounts for small businesses.

Key facts about NVQ Level 1 RQF in Understanding Essential Finance

The NVQ Level 1 RQF in Understanding Essential Finance is designed to provide learners with a foundational understanding of financial concepts and principles. The course aims to equip individuals with the necessary knowledge and skills to manage personal finances effectively and make informed financial decisions.
The learning outcomes of this qualification include understanding the importance of budgeting, managing money, and identifying different types of financial products and services. Participants will also learn about the role of financial institutions and the impact of economic factors on personal finances.
The duration of the NVQ Level 1 RQF in Understanding Essential Finance typically ranges from a few weeks to a few months, depending on the learning provider and study mode. The course may involve a combination of classroom-based learning, online modules, and practical assessments to ensure a comprehensive understanding of essential finance concepts.
This qualification is relevant to individuals across various industries, as financial literacy is a crucial skill in both personal and professional settings. Whether working in finance, business, or any other sector, having a solid understanding of essential finance can enhance decision-making abilities and contribute to overall financial well-being.

Why this course?

NVQ Level 1 RQF plays a crucial role in equipping individuals with the essential finance knowledge needed to navigate today's competitive market. In the UK, where financial literacy is a growing concern, having a solid understanding of finance is more important than ever. According to a recent survey by the Money Advice Service, only 38% of UK adults could answer five basic financial literacy questions correctly. By completing NVQ Level 1 RQF in Understanding Essential Finance, individuals can gain a solid foundation in key financial concepts such as budgeting, saving, and managing debt. This qualification not only enhances personal financial management skills but also opens up opportunities for career advancement in various industries. The table below highlights the importance of financial literacy in the UK and the benefits of obtaining NVQ Level 1 RQF in Understanding Essential Finance: | Financial Literacy Statistics in the UK | |----------------------------------------| | Only 38% of UK adults can answer five basic financial literacy questions correctly | | 20% of UK adults have less than £100 in savings | | 12 million UK adults have no savings at all | By obtaining NVQ Level 1 RQF in Understanding Essential Finance, individuals can improve their financial literacy and make informed decisions in today's market.

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

Ideal Audience for NVQ Level 1 RQF in Understanding Essential Finance | Criteria | Description | |----------|-------------| | Age | 16-18 years old | | Education | No formal qualifications required | | Experience | No prior experience in finance needed | | Career Goals | Interested in pursuing a career in finance or related fields | | Location | Based in the UK | Are you a young adult in the UK looking to kickstart your career in finance? The NVQ Level 1 RQF in Understanding Essential Finance is perfect for individuals aged 16-18 who have a passion for numbers and want to explore the world of finance. Whether you're just starting out or considering a career change, this qualification requires no formal qualifications or prior experience, making it accessible to all. If you aspire to work in finance or related fields, this course will provide you with the foundational knowledge and skills needed to succeed. Don't miss this opportunity to take the first step towards a rewarding career in finance!