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Level 1 Award in Understanding Essential Finance approved qualification (RQF) approved qualification

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Level 1 Award in Understanding Essential Finance approved qualification (RQF) approved qualification

The Level 1 Award in Understanding Essential Finance is a recognized qualification that provides a foundational understanding of key financial concepts. This RQF-approved course covers topics such as budgeting, financial planning, and basic accounting principles. Ideal for beginners looking to enhance their financial literacy, this qualification offers valuable skills for personal and professional development. #FinanceQualification #FinancialLiteracy #RQFApproved

The Level 1 Award in Understanding Essential Finance is a recognized qualification designed to provide individuals with a solid foundation in financial concepts. This course, approved by the Regulated Qualifications Framework (RQF), covers key topics such as budgeting, financial planning, and basic accounting principles. By completing this course, students will gain a comprehensive understanding of essential finance skills that are crucial for personal and professional success. Whether you are looking to enhance your financial literacy or pursue a career in finance, this qualification will equip you with the knowledge and skills needed to excel in the field. Enroll in the Level 1 Award in Understanding Essential Finance today and take the first step towards a brighter financial future. #finance #financialliteracy #RQF #qualification #budgeting #accounting #financialplanning


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  • Course code: L1AIUEF-ST
  • Credits:
  • Diploma
  • Foundation Level
Key facts
100% Online: Study online with the UK’s leading online course provider.
Global programme: Study anytime, anywhere using your laptop, phone or a tablet.
Study material: Comprehensive study material and e-library support available at no additional cost.
Payment plans: Interest free monthly, quarterly and half yearly payment plans available for all courses.
Duration
6 Months
9 Months
Assessment
The assessment is done via submission of assignment. There are no written exams.

Course Details

Course Title: Level 1 Award in Understanding Essential Finance Module 1: Introduction to Finance - Overview of basic financial concepts - Importance of financial literacy - Understanding the role of finance in personal and professional settings Module 2: Financial Statements - Explanation of income statements, balance sheets, and cash flow statements - Interpretation of financial data - Practical exercises to analyze financial statements Module 3: Budgeting and Financial Planning - Creating a personal or business budget - Setting financial goals and objectives - Strategies for effective financial planning Module 4: Banking and Credit - Understanding different types of bank accounts - Overview of credit cards, loans, and mortgages - Tips for managing credit and debt responsibly Module 5: Investment Basics - Introduction to different investment options (stocks, bonds, mutual funds, etc.) - Risk vs. return analysis - Building a diversified investment portfolio Module 6: Insurance and Risk Management - Types of insurance coverage (health, life, property, etc.) - Importance of risk management in financial planning - Evaluating insurance needs and coverage options Module 7: Taxes and Tax Planning - Overview of different types of taxes (income, sales, property, etc.) - Strategies for minimizing tax liabilities - Understanding tax deductions and credits Module 8: Financial Ethics and Regulations - Importance of ethical behavior in finance - Overview of financial regulations and compliance standards - Case studies on ethical dilemmas in finance Conclusion: Congratulations on completing the Level 1 Award in Understanding Essential Finance course! You now have a solid foundation in financial literacy and essential finance concepts to make informed decisions in your personal and professional life. #FinanceCourse #FinancialLiteracy #EssentialFinance #RQFQualification

Fee Structure

The fee for the programme is as follows

  • 6 Months - GBP £1399
  • 9 Months - GBP £1099