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RQF Level 1 Award in Understanding Finance syllabus (27)

The RQF Level 1 Award in Understanding Finance syllabus offers a dynamic and hands-on approach to financial literacy. Through real-life case studies and practical insights, learners gain essential skills to navigate the digital landscape with confidence. This course equips individuals with the knowledge to make informed financial decisions, manage budgets effectively, and understand key financial concepts. With a focus on practical application, students develop critical thinking and problem-solving abilities that are essential in today's fast-paced world. Join us on this journey to financial empowerment and unlock your potential for success!


The RQF Level 1 Award in Understanding Finance syllabus is designed to provide individuals with a solid foundation in financial literacy. This comprehensive course covers key topics such as budgeting, saving, investing, and managing debt. Students will learn how to create a personal budget, understand financial statements, and make informed decisions about their money. With a focus on practical skills and real-world applications, this course is perfect for anyone looking to improve their financial knowledge and make smarter financial choices. Enroll today and take the first step towards a more secure financial future!


Key facts about
● The RQF Level 1 Award in Understanding Finance syllabus covers essential financial concepts and principles.
● Students will gain knowledge of basic financial terminology, budgeting, and personal finance management.
● The course aims to develop learners' understanding of financial decision-making and the importance of financial planning.
● Industry relevance is emphasized through real-world examples and case studies to enhance practical application.
● Unique features include interactive learning activities, quizzes, and practical exercises to reinforce learning.
● Upon completion, students will be equipped with foundational financial skills to make informed decisions and manage their finances effectively.

  Duration

The programme is available in two duration modes:

  Course Delivery

Online

  Entry Requirements


  Course Content

• Introduction to finance
• Budgeting
• Saving and investing
• Borrowing
• Financial products and services
• Understanding credit
• Managing debt
• Financial planning
• Risks and rewards
• Ethical and responsible finance practices

  Assessment

The assessment is done via submission of assignment. There are no written exams.

  Course fee

The fee for the programme is as follows:
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  Payment plans

Please find below available fee payment plans:

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  Accreditation



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Why this course?
The RQF Level 1 Award in Understanding Finance syllabus is essential due to the increasing demand for financial literacy in the industry. According to the Office for National Statistics, the UK financial sector contributes £132 billion to the economy annually, highlighting the importance of skilled professionals in this field. Jobs in finance are projected to grow by 10% over the next decade, creating a need for individuals with a solid understanding of financial concepts. The RQF Level 1 Award provides a foundational knowledge of finance, including budgeting, saving, and investing, which are crucial skills for success in the industry. | Statistic | Percentage/Amount | |------------------------------------------|-------------------| | Financial sector contribution to UK GDP | £132 billion | | Projected job growth in finance sector | 10% | By completing this qualification, individuals can enhance their employability and advance their careers in the finance industry. The RQF Level 1 Award in Understanding Finance syllabus is a valuable asset for those looking to excel in this dynamic and lucrative field.


Who should do RQF Level 1 Award in Understanding Finance syllabus?
This course is ideal for individuals who are looking to gain a basic understanding of finance and improve their financial literacy.
According to a survey conducted by the Money Advice Service, only 38% of UK adults were able to answer five basic financial literacy questions correctly.
This course is suitable for those who want to learn how to manage their personal finances more effectively.
Research by the Financial Conduct Authority found that 24% of UK adults have little to no confidence in managing their money.
If you are looking to improve your financial decision-making skills and build a solid foundation for future financial success, this course is for you.

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