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LIBF - Level 3 - Diploma in Financial Studies
LIBF - Level 3 - Diploma in Financial Studies
This course is directed at students who are interested in learning about the finance and the financial sector. Students can expect to learn about how to become sensible borrowers and savers. It also provides an in-depth exploration of the important concepts of financial capability and how it is possible to apply what they have learnt to achieve longer term financial stability.
This course is directed at students who are interested in learning about the finance and the financial sector. Students can expect to learn about how to become sensible borrowers and savers. It also provides an in-depth exploration of the important concepts of financial capability and how it is possible to apply what they have learnt to achieve longer term financial stability.
Course Structure
This course consists of four different units. Each unit is assessed through a combination of multiple choice questions and a written paper. The course has the equivalent UCAS points to A levels and is graded from A* to E. Students must have a grade 4 in both English and Mathematics to complete this course.
Unit 1: Financial Capability for the Immediate and short term.
This unit focusses on why money is important. The unit looks at what money is, the attitude towards money and how it can affect life choices.
Unit 2: Financial Capability for the Medium and Long term. This unit looks at how to plan and manage financial needs on a medium and long term basis. It also focusses on the importance of budgeting for future aspirations and life events.
Unit 3: Financial Capability for the Immediate and short term. This unit looks at the importance of financial capability in meeting immediate and short term financial needs.
Unit 4: Financial capability for the medium and long term. This unit looks at the importance of planning for medium and long term financial needs. It also has a focus on the importance of budgeting for future aspirations and life events.
Progression and career opportunities
Future careers include finance, accounting, banking, insurance and business. Students can go on to study accounting, finance, business management at university. For students who want to go straight into employment this course can support access to employment in areas such as insurance, banking and office administration, or the voluntary sector such as with the citizens advice.
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