QCF Level 1 Award in Understanding Essential Finance

Sunday, 15 February 2026 11:15:22

International Students can apply

Apply Now     Viewbook

QCF Level 1 Award in Understanding Essential Finance

Overview

The QCF Level 1 Award in Understanding Essential Finance is designed for individuals seeking to develop a foundational understanding of financial concepts.

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

It is ideal for beginners or those looking to refresh their knowledge in finance.

By completing this course, learners will gain valuable skills to make informed financial decisions and improve their financial literacy.

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

Embark on your journey to financial literacy with the QCF Level 1 Award in Understanding Essential Finance. This comprehensive course equips you with the fundamental knowledge and skills needed to manage personal and business 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 entry-level roles in finance and accounting. With flexible study options and expert guidance, you can enhance your financial acumen at your own pace. Take the first step towards a successful career in finance with this essential course. (26)

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 money
• Identify different types of income
• Recognize the importance of budgeting
• Explain the concept of savings
• Understand the basics of credit
• Identify common financial products and services
• Recognize the importance of financial planning
• Understand the concept of risk and reward in finance
• Explain the role of financial institutions in managing money
• Identify ways to protect personal finances

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

Financial Assistant Assist in basic financial tasks such as data entry, invoice processing, and budget tracking in various industries.
Accounting Clerk Support accounting department with bookkeeping, reconciling accounts, and preparing financial reports.
Bank Teller Provide customer service, process transactions, and handle basic financial inquiries at a bank branch.
Finance Intern Gain hands-on experience in financial analysis, reporting, and decision-making under supervision.
Payroll Assistant Assist in processing employee payroll, calculating wages, and ensuring compliance with tax regulations.

Key facts about QCF Level 1 Award in Understanding Essential Finance

The QCF Level 1 Award in Understanding Essential Finance is designed to provide learners with a basic understanding of financial concepts and principles. The course covers topics such as budgeting, financial planning, and managing personal finances. By the end of the course, students will be able to create a simple budget, understand the importance of saving and investing, and make informed financial decisions.
This qualification typically takes around 6 weeks to complete, with part-time study options available. The course is delivered through a combination of classroom-based learning and self-study, allowing students to work at their own pace. Assessment is usually done through a combination of written assignments and practical exercises.
The QCF Level 1 Award in Understanding Essential Finance is relevant to a wide range of industries, as financial literacy is a valuable skill in both personal and professional settings. This qualification can benefit individuals looking to improve their financial management skills, as well as those seeking to enhance their employability in roles that require basic financial knowledge. Overall, this course provides a solid foundation for further study in finance or related fields.

Why this course?

The QCF 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 understand basic financial concepts, highlighting the need for improved financial education. This qualification provides learners with essential knowledge and skills to manage their personal finances effectively, including budgeting, saving, and understanding financial products. In a rapidly changing economic landscape, where individuals are faced with complex financial decisions, this award equips them with the necessary tools to make informed choices. Moreover, in the professional realm, employers are increasingly seeking candidates with a strong foundation in financial literacy. According to a survey by the Chartered Institute of Personnel and Development, 72% of employers believe that financial education is important for their employees. By obtaining the QCF Level 1 Award in Understanding Essential Finance, individuals not only enhance their personal financial management skills but also increase their employability in a competitive job market. This qualification is a valuable asset for both personal and professional growth in today's financial landscape.
Statistic Percentage
UK adults with basic financial understanding 38%
Employers valuing financial education 72%

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

The ideal audience for the QCF 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 managing their finances or want to improve their financial literacy.
With 49% of UK adults having less than £100 in savings, this course is essential for anyone looking to build a secure financial future.
Whether you are a student, young professional, or someone looking to take control of their finances, this course will provide you with the knowledge and skills you need to make informed financial decisions.