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The objectives of this qualification are to provide learners with:
- an understanding of the essential skills required to work successfully in a business environment
- the skills required to solve problems in a business environment
- an understanding of business culture and responsibilities
- the ability to successfully communicate and work with others in a business environment
- the opportunity to develop the skills required to manage and improve their own performance in a business environment
- the skills and knowledge to carry out finance activities, including preparing final accounts for sole traders and partnerships, comparing and reporting actual costs with budgeted costs, and working with VAT.
To be awarded the Level 3 Diploma in Skills for Business: Finance, learners are required to successfully complete 6 graded units from Group A and 4 units from Group B.
Group A:
- Business Culture and Responsibilities
- Deliver customer service in a business environment
- Produce documents in a business environment
- Solve Problems in a business environment
- Work with others in a business environment
- Communicate to running a project
- Contribute to running a project
- Innovation in a business environment
- Manage and improve own performance in a business environment
- Respond to change in a business environment
Group B:
- Accounts preparation
- Prepare final accounts for sole traders and partnerships
- Costs and revenues
- Indirect tax
- Professional ethics
4 x grade 4’s at GCSE, including Maths and English or a successful completion of the level 2 NCFE Skills in Business qualification at a distinction level.
Learners who achieve these qualifications could progress to:
- Level 4 Diploma in Business and Administration
- Level 4 NVQ Certificate in Business and Administration
- Level 4 NVQ Diploma in Business and Administration
- Level 4 finance or accounting related qualification.
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