RQF Level 1 Understanding Essential Finance

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International Students can apply

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RQF Level 1 Understanding Essential Finance

Overview

RQF Level 1 Understanding Essential Finance


This course is designed for individuals who want to gain a basic understanding of financial concepts. Covering topics such as budgeting, saving, and managing debt, it is perfect for beginners with no prior knowledge of finance. Whether you are a student, young professional, or simply looking to improve your financial literacy, this course will provide you with the essential skills to make informed financial decisions. Take the first step towards financial empowerment and enroll today!


Ready to take control of your finances? Explore RQF Level 1 Understanding Essential Finance now!

Embark on your journey to financial literacy with RQF Level 1 Understanding Essential Finance. This comprehensive course equips you with the fundamental knowledge and skills needed to manage your finances effectively. Learn how to create budgets, analyze financial statements, and make informed investment decisions. Gain a competitive edge in the job market by enhancing your financial acumen. Whether you are a student looking to kickstart your career or a professional seeking to upskill, this course is perfect for you. Take control of your financial future and open doors to a wide range of career opportunities in finance, accounting, and business. (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

• Introduction to basic financial concepts
• Understanding income and expenses
• Budgeting and financial planning
• Banking and savings accounts
• Credit and debt management
• Introduction to investments
• Financial goal setting
• Understanding financial statements
• Risk management and insurance
• Financial decision-making strategies

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

Financial Assistant Assist in basic financial tasks such as data entry, invoice processing, and budget tracking.
Accounting Clerk Support accounting department with bookkeeping, reconciliations, and financial report preparation.
Bank Teller Provide customer service, process transactions, and promote banking products and services.
Finance Intern Gain hands-on experience in financial analysis, reporting, and investment management.
Payroll Assistant Assist in processing employee payroll, calculating wages, and ensuring compliance with regulations.

Key facts about RQF Level 1 Understanding Essential Finance

RQF Level 1 Understanding Essential Finance is a foundational course designed to provide learners with a basic understanding of financial concepts and principles. The primary focus is on developing essential skills in managing personal finances, budgeting, and understanding financial statements.
The course typically lasts for a duration of 10-12 weeks, with a total of 30 guided learning hours. Learners will cover topics such as income and expenditure, savings and investments, debt management, and financial planning.
This qualification is suitable for individuals looking to improve their financial literacy and gain a better understanding of how to make informed financial decisions. It is particularly relevant for those entering the workforce for the first time, as well as individuals looking to enhance their employability skills in various industries.
Upon successful completion of the course, learners will be equipped with the knowledge and skills to effectively manage their personal finances, make informed financial decisions, and plan for their financial future. This qualification can also serve as a stepping stone for further studies in finance or related fields at higher levels of the RQF.

Why this course?

The RQF Level 1 Understanding Essential Finance qualification holds significant importance in today's market, especially in the UK where financial literacy is crucial for individuals and businesses alike. According to recent statistics, a staggering 49% of UK adults struggle with basic financial calculations, highlighting the urgent need for foundational finance knowledge. This qualification provides learners with essential skills and knowledge to navigate the complexities of personal and business finance, making it highly sought after in the current job market. In fact, 78% of employers in the UK consider financial literacy to be a key skill when hiring new employees. By completing the RQF Level 1 Understanding Essential Finance course, individuals can enhance their employability and career prospects in various industries such as banking, accounting, and financial services. With the increasing demand for professionals with financial acumen, this qualification serves as a valuable asset for both entry-level employees and seasoned professionals looking to upskill. Overall, the RQF Level 1 Understanding Essential Finance qualification plays a crucial role in addressing the current trends and industry needs in the UK market, making it a highly relevant and beneficial certification for individuals looking to excel in their careers.
UK Adults Struggling with Basic Financial Calculations 49%
Employers Considering Financial Literacy a Key Skill 78%

Who should enrol in RQF Level 1 Understanding Essential Finance?

The ideal audience for RQF Level 1 Understanding Essential Finance is individuals who are new to finance and looking to build a strong foundation in financial literacy. This course is perfect for beginners who want to gain a basic understanding of essential financial concepts such as budgeting, saving, and managing debt.

According to recent studies, 40% of UK adults struggle with basic financial calculations, highlighting the importance of financial education for all individuals. Whether you are a student, young professional, or someone looking to improve their money management skills, this course will provide you with the knowledge and confidence to make informed financial decisions.