LIBF Certificate in Financial Studies

Business, Administration and Law

Business, Administration and Law
Business, Administration and Law
We are only accepting one application per candidate.

What will you be working towards?

Code 8537
Qualification Type Other Regulated/Accredited Qualification
Qualification Level Level 3
Course type Full Time


The Certificate in Financial Studies provides a comprehensive introduction to personal finance. CeFS develops the knowledge and skills required for you to make informed financial decisions by introducing you to the risks and challenges involved in personal finance, provides the tools for effective financial planning and allows you to identify the right financial solutions (products) to an individual’s circumstances. 


The LIBF (The London Institute of Banking and Finance) provide text books for each unit and upon registration, on-line resources will be made available to students.


Year 1 Certificate in Financial Studies (CeFS)

Unit 1- Financial Capability for the immediate and short-term

• Understand the value and purposes of money.

• Understand the concept of the personal life cycle and the impact of external influences.

• Understand the features of different types of financial services product.

• Understand the role of key stakeholders in financial services provision.

• Understand the characteristics of financial products for managing money.

• Understand how to manage finance in the short term and the impact of poor and unforeseen circumstances.

• Understand the impact of legislation and regulations on earnings and the key features of income tax and National Insurance.

• Understand an individual’s financial needs through the various life stages.

Unit 2 - Financial Capability for the medium and long-term

• Understand the influence of values, needs, wants and aspirations on financial decision making.

• Understand how to budget for future aspirations and life events.

• Understand how to plan for medium- and long-term financial needs.

• Understand the features of risks and rewards in managing personal finances.

• Understand the features of different types of financial services product

• Understand how to make informed financial choices in the selection of financial services products.

• Understand when, where and how an individual can get financial help and advice.

Year 2 Diploma in Financial Studies (DipFS)

Upon successful completion of Year 1 which is the equivalent of an AS-Level, students can choose to continue with the Diploma in Financial Studies in Year 2. Year 1 and Year 2 exam scores are then combined for the final grade that is equivalent of one full A Level.

Unit 3- Sustainability of an individual’s finances 

Unit 4- Sustainability of the financial services system

How will it be delivered?

Each unit is assessed through a combination of Multiple Choice Questions (Part A) and a written paper (Part B) that includes some questions based on a pre-released case study and the rest as stand-alone non-case study questions. Each unit is scored out of 100 marks per unit. The pass mark for Part A will be 40% (14/35) of the raw marks. The pass mark for Part B will be set for each session to reflect any small variations in question paper difficulty. To pass a unit, students must achieve the minimum pass mark for both part A and part B. A resit exam is available for both parts A and B of each Unit. The highest score of either sitting is used in the overall grading.

Entry requirements

Students must attain a minimum of level 5, ideally level 6, in both GCSE English (Language or Literature) and Maths. Well-developed writing techniques and mathematical ability are required for this demanding course.

Your next steps...

For students seeking to continue in education, CeFS provides a foundation for further study in business and finance-related disciplines, as well as a wide range of other commercial or not-for profit sectors. For students who choose to move straight into employment, CeFS may support access to employment in areas such as in insurance, banking, and office administration, or in the voluntary sector such as with Citizens Advice.