This qualification is an important first step in developing the essential basic knowledge required for working in financial services. It provides a broad overview of the industry and could be your stepping stone to a career in financial services. You will learn about the types of banking and commonly used financial products, such as shares, bonds and insurance. It will provide you with an understanding of financial terminology and enable you to perform important basic calculations. To run this course at your firm see Tailored Training
BETA Group offer classroom, in-house and eLearning solutions so that you can study at times and the way that suits you.
We are ALPHA experts who bring our experience to the classroom and on line. We will ensure that you are supported throughout your study period.
Who is the Fundamentals of Financial Services course for?
The qualification’s broad introduction to financial services makes it suitable for a wide audience from employees new to the industry to school leavers considering a career in finance. It is an ideal alternative for staff already working within financial services who wish to further their industry knowledge, but who are not directly involved in making investment decisions. It offers a comprehensive understanding of financial services and its streamlined structure, including a nominal study commitment, appeals to the busy professional. In addition, firms can easily include the qualification into staff induction programmes.
Fundamentals of Financial Services is an Ofqual regulated qualification and is recognised as a level 2 Award on the Qualifications & Credit Framework (QCF). Success in this qualification carries with it ten credits. Visit cisi.org/ofqual. On the European Qualifications Framework, this equates to a level 3 qualification.
Introduction – saving and borrowing
Defines key financial services terms and principles including savers, borrowers, equity, bonds, risk and reward, insurance and foreign exchange
Identifies the difference between retail and commercial banking and explains the functions of each banking type and their customers – individuals or corporates. Explains loans, mortgages and overdrafts, credit cards, interest rates and how they are calculated.
Explores the reasons for issuing shares to finance a company and the return that can be gained – dividend/ capital gain. Provides an understanding of shares, what they are for, and the the risks involved in owning them.
Identifies the two main issuers of bonds – companies and governments. Covers the features of bonds and the advantages and disadvantages of investing in bonds.
Explains how a stock exchange operates, the purpose of a stock exchange index, and compares different stock markets around the world.
Other areas of Financial Services
Highlights other key areas including: Fund Management, Foreign Exchange, Insurance and Retirement Planning
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This is a one hour multiple-choice examination where candidates have to select the correct answer from four possible alternatives. There are 30 questions in total and the pass mark for the exam is 70%. The exam is delivered on computers at a CISI accredited test centre worldwide.