Level 1 Award in Understanding Essential Finance Qualification (RQF)
London School of International Business
Course Details
The Level 1 Award in Understanding Essential Finance Qualification (RQF) provides a foundational understanding of key financial concepts. This qualification is designed to equip individuals with essential knowledge in areas such as budgeting, financial planning, and basic financial calculations. Ideal for beginners looking to enhance their financial literacy, this course offers a solid grounding in finance fundamentals. Start your journey towards financial empowerment with the Level 1 Award in Understanding Essential Finance Qualification (RQF). About Level 1 Award in Understanding Essential Finance Qualification (RQF)
Are you looking to enhance your understanding of essential finance concepts? Enroll in the Level 1 Award in Understanding Essential Finance Qualification (RQF) course today! This comprehensive program covers key topics such as financial statements, budgeting, and financial planning.
By completing this course, you will gain valuable knowledge and skills that are essential for managing personal finances or pursuing a career in finance. Whether you are a beginner or looking to refresh your finance knowledge, this course is perfect for you.
With a focus on practical applications and real-world examples, this qualification will equip you with the necessary tools to make informed financial decisions. Stand out in the competitive finance industry with this recognized qualification.
Don't miss this opportunity to boost your finance knowledge and skills. Enroll in the Level 1 Award in Understanding Essential Finance Qualification (RQF) course today!
Who is this course for?:The Level 1 Award in Understanding Essential Finance Qualification (RQF) is designed for individuals who are looking to gain a basic understanding of finance principles. This qualification is suitable for beginners who are new to the world of finance and want to develop their knowledge and skills in this area. The target audience for this qualification includes: 1. Students or young professionals who are just starting their careers and want to build a strong foundation in finance. 2. Small business owners or entrepreneurs who need to understand basic financial concepts to manage their finances effectively. 3. Individuals who are looking to switch careers and want to acquire basic finance knowledge to enhance their job prospects. Below is a table summarizing the target audience for the Level 1 Award in Understanding Essential Finance Qualification (RQF):
| Target Audience | Description |
|---|---|
| Students/Young Professionals | Individuals starting their careers and seeking basic finance knowledge. |
| Small Business Owners/Entrepreneurs | Business owners needing to manage finances effectively. |
| Career Switchers | Individuals looking to enhance job prospects with finance knowledge. |
Career Roles for Level 1 Award in Understanding Essential Finance Qualification (RQF) This qualification is designed to provide learners with a basic understanding of essential finance principles and practices. It is suitable for individuals who are looking to start a career in finance or enhance their existing knowledge in the field. Below are some potential career roles that individuals with this qualification can pursue, along with the average annual salaries in GBP £, EUR €, and USD $:
| Career Role | Average Salary (GBP £) | Average Salary (EUR €) | Average Salary (USD $) |
|---|---|---|---|
| Finance Assistant | £20,000 | €23,000 | $25,000 |
| Accounts Payable Clerk | £22,000 | €25,000 | $28,000 |
| Financial Analyst | £30,000 | €34,000 | $37,000 |
| Budget Analyst | £28,000 | €32,000 | $35,000 |
The programme is available in 2 duration modes:
- 6 Months
- 9 Months
- Open Entry OR;
- No formal qualification is required
Course content
| Module | Description |
|---|---|
| Module 1: Introduction to Finance | This module provides an overview of the basic concepts of finance, including financial statements, budgeting, and financial analysis. |
| Module 2: Financial Planning | In this module, students will learn about the importance of financial planning, setting financial goals, and creating a budget. |
| Module 3: Managing Debt | This module covers the different types of debt, how to manage debt effectively, and strategies for debt repayment. |
| Module 4: Investment Basics | Students will learn about the basics of investing, including different investment options, risk management, and building an investment portfolio. |
| Module 5: Financial Decision Making | This module focuses on making informed financial decisions, evaluating financial risks, and understanding the impact of financial decisions. |
Assessment: Assessment is via assignment submission
Fee structure
- 6 Months - Accelerated mode @ GBP £1250
- 9 Months - Standard mode @ GBP £950
Fee payment plans
6 Months programme
● Payment option (a): GBP £416 x 3 monthly instalments
● Payment option (b): GBP £1187.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)
9 Months programme
● Payment option (c): GBP £190 x 5 monthly instalments
● Payment option (d): GBP £475 x 2 quarterly instalments
● Payment option (e): GBP £902.50 x 1 instalment (We offer 5% bursary on total fee for students opting to pay in full)
Accreditation
SAGE Qualifications
The Level 1 Award in Understanding Essential Finance Qualification (RQF) is designed to provide learners with a basic understanding of essential financial concepts. This qualification is suitable for individuals who are new to finance or those who want to refresh their knowledge in this area. Key facts about the Level 1 Award in Understanding Essential Finance Qualification (RQF) include: - Qualification number: 603/2494/6 - Credit value: 3 - Guided learning hours: 20 - Total qualification time: 30 hours - Level: 1 - Assessment: This qualification is assessed through a multiple-choice examination. Here is a table summarizing the key information about the Level 1 Award in Understanding Essential Finance Qualification (RQF):
| Qualification Number | 603/2494/6 |
|---|---|
| Credit Value | 3 |
| Guided Learning Hours | 20 |
| Total Qualification Time | 30 hours |
| Level | 1 |
| Assessment | Multiple-choice examination |
The Level 1 Award in Understanding Essential Finance Qualification (RQF) is a foundational course that provides individuals with a basic understanding of key financial concepts. This qualification is essential for anyone looking to build a career in finance or business, as it covers fundamental topics such as budgeting, financial planning, and financial management. Here is a breakdown of the key benefits of obtaining the Level 1 Award in Understanding Essential Finance Qualification (RQF):
| Benefits | Description |
|---|---|
| 1. Foundation in Finance | Provides a solid foundation in financial concepts and principles. |
| 2. Career Advancement | Enhances career prospects in finance and related fields. |
| 3. Practical Skills | Develops practical skills in budgeting, financial planning, and management. |
| 4. Industry Recognition | Recognized by employers and industry professionals. |