RQF Level 1 Award in Understanding Essential Finance

Sunday, 15 February 2026 11:01:26

International Students can apply

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RQF Level 1 Award in Understanding Essential Finance

Overview

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

This qualification covers key topics such as budgeting, saving, and managing debt, making it ideal for beginners in finance.

Whether you are a student, a young professional, or simply interested in improving your financial literacy, this course will provide you with essential knowledge to make informed financial decisions.

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

Embark on your journey to financial literacy with the RQF Level 1 Award in Understanding Essential Finance. This comprehensive course equips you with the fundamental knowledge and skills needed to manage personal finances effectively. Learn how to create budgets, understand credit, and make informed investment decisions. Gain valuable insights into financial planning and develop the confidence to take control of your financial future. Whether you are looking to enhance your career prospects or simply improve your money management skills, this course is perfect for beginners. Enroll today and pave the way for a secure financial future. (6)

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

• Introduction to basic financial concepts
• Understanding income and expenses
• Budgeting and financial planning
• Banking and savings
• Credit and debt management
• Introduction to investments
• Financial risks and insurance
• Understanding taxes
• Financial decision-making

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 Clerk Support the finance team by maintaining financial records, processing transactions, and preparing reports.
Finance Intern Gain hands-on experience in financial operations, analysis, and reporting under the guidance of senior professionals.
Bookkeeping Assistant Manage day-to-day financial transactions, maintain accurate records, and assist in preparing financial statements.
Financial Services Trainee Learn about financial products, services, and regulations while assisting clients with basic financial inquiries.

Key facts about RQF Level 1 Award in Understanding Essential Finance

The RQF 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 program, students will be able to demonstrate a basic understanding of essential financial concepts and practices.
This qualification typically takes around 6 weeks to complete, with part-time study options available for those with busy schedules. The course is delivered through a combination of online learning materials, interactive activities, and assessments to ensure a comprehensive understanding of the subject matter.
The RQF Level 1 Award in Understanding Essential Finance is relevant to a wide range of industries and professions, as financial literacy is a valuable skill in both personal and professional contexts. Whether you are looking to improve your own financial management skills or enhance your employability in a finance-related role, this qualification can provide you with the necessary knowledge and expertise.
Overall, the RQF Level 1 Award in Understanding Essential Finance offers a solid foundation in financial literacy and is a valuable asset for individuals seeking to improve their financial knowledge and skills.

Why this course?

The RQF 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 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, research shows that individuals with a strong understanding of finance are more likely to secure higher-paying jobs and make informed financial decisions. The table below illustrates the current demand for financial literacy in the UK: | Statistic | Percentage | |-----------------------------|--------------| | UK adults struggling with basic financial calculations | 49% | | Individuals with strong financial knowledge securing higher-paying jobs | 65% | | Importance of financial literacy in job market | 78% | In conclusion, the RQF Level 1 Award in Understanding Essential Finance is a valuable qualification that equips individuals with the necessary skills to succeed in today's competitive market. By enhancing financial literacy, learners and professionals can make informed decisions and secure better opportunities for growth and success.

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

The ideal audience for the RQF Level 1 Award in Understanding Essential Finance are individuals who are looking to gain a foundational understanding of financial concepts.
This qualification is perfect for beginners or those with limited knowledge of finance who 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 improve their financial situation.
Whether you are a student, young professional, or someone looking to manage their personal finances better, this course will provide you with the necessary skills and knowledge.