NCFE · RQF Level 2
NCFE Level 2 Diploma in Skills for Business: Finance
You don’t just earn this. You learn to use it, one-to-one, on your own real work.
- LevelRQF Level 2
- Total credits77
- Guided learning546 hours
- Units in this qualification11
Awarded by NCFE · on the Ofqual register
Start here
See how this course maps onto your role
Ten quick questions, one per Future Fluency, asked against this qualification rather than a generic one.
About 5 minutes · No card · Nothing to commit to
What you’ll learn
What each unit actually teaches you to do
These are the units NCFE registers against this qualification. It is a catalogue, not a syllabus. Which of them you take depends on the combination the qualification requires, and that is set by the awarding body rather than by us. Every unit here is regulated, and every one you earn is yours to keep.
Basic CostingReal unit · NCFE
What you'll be able to do
- Understand the cost recording system within an organisation
- Use the cost recording system to record or extract data
- Use spreadsheets to provide information on actual and budgeted income and expenditure
Complying with financial regulationReal unit · NCFE
What you'll be able to do
- Find out and identify the regulatory requirements relevant to the job role
- Comply with financial regulations
- Identify and respond to failures to comply with financial regulations
Computerised AccountingReal unit · NCFE
What you'll be able to do
- Enter accounting data at the beginning of an accounting period
- Record customer transactions
- Record supplier transactions
- Record and reconcile bank and cash transactions
- Use journals to enter accounting transactions
- Produce reports
- Maintain the safety and security of data held in the computerised accounting system
Control Accounts, Journals and the Banking SystemReal unit · NCFE
What you'll be able to do
- Understand the purpose and use of control accounts and journals
- Maintain and use control accounts
- Maintain and use the journal
- Reconcile a bank statement with the cash book
- Understand the banking process
- Understand retention and storage requirements relating to banking documents.
Financial forecasting for businessReal unit · NCFE
What you'll be able to do
- Know about costs, revenue and profit in a business organisation
- Prepare a break even analysis
- Create a cash-flow forecast
Financial modelling and forecastingReal unit · NCFE
What you'll be able to do
- Use financial planning terminology
- Know about sources of finance for a business
- Produce financial forecasts and modelling for a business
- Develop a costed supply chain
Financial services for businessReal unit · NCFE
What you'll be able to do
- Know the range of financial products and services available to businesses
- Understand the availability of financial products and services for businesses
- Know external influences on the financial services sector
Introduction to financial risk and rewardReal unit · NCFE
What you'll be able to do
- Understand the concept of investment
- Understand the concept of financial risk and reward
- Understand the need to manage financial risk
- Understand own response to financial risk
Processing Bookkeeping TransactionsReal unit · NCFE
What you'll be able to do
- Understand the principles of processing financial transactions
- Understand the double entry bookkeeping system
- Understand discounts
- Prepare and process financial documentation for customers
- Process supplier invoices and credit notes and calculate payments
- Maintain the cash book
- Maintain petty cash records
- Process ledger transactions and extract a trial balance
Setting up accounting software to manage accounting informationReal unit · NCFE
What you'll be able to do
- Enter and restore data using a Computerised Accounting Package at the start of the financial year
- Set up Assets, Liabilities, Capital and Budgets
- Record customer and supplier invoices and credit notes
- Process receipts from customers
- Process payments to suppliers
- Process non-credit payments and receipts
- Process Journals
- Produce reports using selection criteria and parametres
Work Effectively in Accounting and FinanceReal unit · NCFE
What you'll be able to do
- Understand the accounting or payroll function within an organisation
- Use a range of communication skills
- Work independently or as part of a team
- Develop skills and knowledge to meet personal and organisational needs
- Understand ethical values and principles
- Understand sustainable values
The honest bit
You’ve started things before
Most courses were built for a room full of people who aren’t you. A cohort moves on whether or not your week allowed it, and by the third week the thing you’re behind on becomes the reason you stop opening it.
There’s no cohort here, and no timetable to fall behind. Before anything starts, Zavmo asks when you’re sharpest and how long you can realistically sit down for, then builds the sessions around those answers. A bad fortnight changes your pace. It doesn’t put you behind.
And you only pay once you start learning. Searching and planning are free, and you can cancel any time — so the cost of finding out is an afternoon, not a year.
Your passport
Every credit is a stamp you keep
Level 2 credits are regulated. They don’t vanish when a subscription ends or a website closes. They travel to any employer, and Zavmo keeps the map of what you’ve earned and what’s next.
Each stamp is a real unit registered against this qualification.
Who’d teach you this
The Evidence Evaluator
Assessor
Helps you show what you can actually do, gathering the evidence that proves it as you learn.
Meet all twelve tutorsWhere this connects
Where these credits take you
A qualification is never a dead end here. See the jobs its credits open, the national occupational standards its units map to, and the future skills they quietly build.
- Design a compliance policy for your organisation
- Inform regulatory bodies of breaches in regulations at your organisation
- Lead and develop others in order to provide quality accounting services
- Produce compliance reports about your organisation
- Work effectively in accountancy and finance
Where this can lead
Compliance Officer
Your journey in compliance starts here, but where it goes is really up to you. We're committed to giving you the tools, training, and opportunities to build a truly impactful and rewarding career, whether that's leading teams or becoming a recognised expert in your field.
See the whole journey →Showing 6 roles, drawn from 67 job records mapped to this qualification.
Skills it covers
What the job actually needs. These are the standards the units are built against, in the words employers and awarding bodies already use for the work itself.
How you’ll actually learn this
One-to-one, on your own real work
A qualification is usually something done to you: sit the class, sit the exam, hope it sticks. Here it’s the opposite. You learn it one-to-one with a companion, on your own real work, and you keep going until you can use it, not just recall it.
Applied to your work in any of these jobs
- Remember
- Understand
- Apply
- Analyse
- Evaluate
- Create
Built for NCFE Level 2 Diploma in Skills for Business: Finance
11 units in this credential, in the order it lists them, awarded by NCFE.
- Basic Costing
- Complying with financial regulation
- Computerised Accounting
- Control Accounts, Journals and the Banking System
- Financial forecasting for business
- Financial modelling and forecasting
and 5 more in the full unit list below.
One to one, not one to many
No two people run this the same way
A course is written once and handed to everyone. This is assembled around you, and keeps changing as it learns you. Five things it reads, and what each one changes.
- Your actual work Every unit is taught against a live piece of your own work, not a worked example from a textbook.
- What you already know The first conversation finds your starting point, so you skip what you can already do and spend the time on what you cannot.
- The conditions you learn under Not a learning-styles quiz. The evidence does not support those. The dimensions the research does back, read once and used to shape the plan.
- How far you got last time It picks up mid-thought. The tutor knows what you said, what you struggled with, and what it asked you to try.
- Which tutor suits the moment Twelve of them, each for a different kind of thinking. The one who walks you through a first idea is not the one who stress-tests it.
See how you learn, free. Eight questions, no sign-up. A directional taster; the diagnostic inside Zavmo goes deeper and keeps adapting.
Why it sticks
Most courses stop at remembering
There’s a well-known ladder of how deeply you learn something, called Bloom’s Taxonomy. Most courses get you up the first two rungs: you remember some facts, you pass a test, you forget it. Real skill lives at the top. Judging, deciding, creating. And this isn’t a generic ladder: every rung has a named Zavmo tutor who walks you up it.
- 6CreateThe Creative Catalyst
- 5EvaluateThe Evidence Evaluator
- 4AnalyseThe Analyst
- 3ApplyThe Coach
- 2UnderstandThe Connector
- 1RememberThe Builder
Where most courses leave you Where Zavmo takes you
The value
Why the companion is worth £70 a month
You’re not paying for the units. They’re regulated, and the same wherever you earn them. You’re paying for the one thing that decides whether you actually get there: a companion that makes them stick, on your real work.
That is one-to-one on this qualification, every day, on the work you already do, for £70 a month. Your first module is free, so you can see the teaching before you pay for any of it. Billed monthly, cancel any time and billing stops.
Earned on your own work, taught to the top.
Everything you just read, learned one-to-one on the job you already do. Your first module is free, so you can see the teaching before you pay for any of it.
Build my plan, freeNo card. See how this qualification maps onto your role and meet the tutors who’d teach it, free. The learning begins when you subscribe. It’s £70 a month, billed monthly. Cancel any time and billing stops.