• Access Duration: 365 Days
• Awarded by: NCFE 
• Qualification Level: Level 3
• Qualification Number: 601/2648/6 
• Guided Learning Hours (GLH): 545
• Total Qualification Time (TQT): 820
• Total Credit Value: 82

• Understand the essential skills required to work successfully in a business environment.
• Develop the skills required to solve problems in a business environment.
• Gain an understanding of business culture and responsibilities.
• Ability to communicate and work with others successfully in a business environment.
• Develop skills and knowledge to carry out finance‑related activities, including preparing final accounts for sole traders and partnerships, comparing actual costs with budgeted costs, and working with VAT.

Ready to strengthen your business finance knowledge and take your career to the next level? The NCFE Level 3 Diploma in Skills for Business: Finance equips you with practical financial skills, business insight, and the confidence to succeed in any finance-focused environment.

This qualification is perfect for anyone looking to advance their career in business finance, including roles such as:

• Junior Finance Officers
• Accounts Assistants
• Financial Administrators
• Budget and Project Coordinators
• Business Support Finance Trainees
• Entry-level Finance Managers

• Minimum entry age is 16 and above.
• No formal entry requirements are set by the awarding body.
    

To achieve the NCFE Level 3 Diploma in Skills for Business: Finance, you’ll develop and demonstrate your knowledge, understanding, and practical competence through real-world activities and tasks. There are no written exams for this qualification.

Where permitted by the qualification’s assessment strategy, some activities and assessments may take place within a Realistic Work Environment (RWE). This setting replicates the key characteristics of an actual business workplace, ensuring that the skills and competencies you develop are directly transferable and sustainable in real employment contexts.

Internal Assessment and Quality Assurance

All assessments are conducted internally by South London College’s qualified assessors.

Assessor Guidance and Support

You’ll receive dedicated support from our experienced assessors, who will guide you through every stage of the assessment process. They’re available via email, WhatsApp, online discussions, and web chat, ensuring you have access to expert advice whenever you need it.

For more information about the assessment process or specific qualification requirements, please click the ‘Enquire Now’ button below to connect with our team.

The NCFE Level 3 Diploma in Skills for Business: Finance equips you with the knowledge, understanding, and practical skills needed to succeed in finance-focused business environments. This qualification develops essential competencies, including financial analysis, budgeting, reporting, problem-solving, communication, and decision-making, preparing you for further study or advanced finance roles.

Next Steps for a Possible Academic Progression Pathway:

• Step 1: Level 4 Diploma in Financial Management and Budgeting
• Step 2: Bachelor’s Degree in Finance
• Step 3: Master’s Degree in Finance (MBA)

Alternative Directions

• Level 3 Diploma in Customer Service
• Level 3 Certificate in Team Leading
• Level 3 Diploma in Business Administration

Ready to take your finance skills to the next level? The NCFE Level 3 Diploma in Skills for Business: Finance equips you with the practical knowledge, analytical mindset, and professional skills needed to excel in today’s finance-focused business environment. You’ll develop key competencies such as financial analysis, budgeting, reporting, problem-solving, and decision-making, skills highly valued across businesses of all sizes.

Here are some career opportunities you could pursue as you gain experience and complete this qualification, along with average UK salaries (Source: Glassdoor):

• Entry-level Finance Managers – £32,000
• Budget and Project Coordinators – £30,000
• Financial Administrators – £28,000
• Accounts Assistants – £27,000
• Junior Finance Officers – £26,000

You can always progress to higher-level Functional Skills or vocational qualifications, paving the way to more senior roles and increased earning potential over time.

The Office of Qualifications and Examinations Regulation (Ofqual) is a non-ministerial government department responsible for regulating qualifications, exams, and assessments in England. Ofqual ensures that all qualifications offered by recognised awarding organisations meet rigorous national standards, giving you confidence that any Ofqual-regulated certificate is high-quality and widely accepted by employers and universities. 

RQF

The Regulated Qualifications Framework (RQF) is the system used in England, Wales, and Northern Ireland to standardise qualifications by level and size. Overseen by regulatory bodies such as Ofqual, the RQF ensures qualifications are consistent, transparent, and easily understood by learners, employers, and higher education institutions. All qualifications listed on the RQF are approved and awarded by recognised awarding organisations.