Pearson LCCI Level 3 Certificate in Accounting

Countries
  • England
  • Wales
  • Northern Ireland
  • International
Purpose

Schools and colleges may offer qualifications that are not included in the performance tables, if approved for teaching to 16-19 year olds, where this is in the best interests of individual students.

This qualification is not listed on the 16 - 19 Performance Tables. This qualification is taken by many international schools and colleges.

This is a broad-based qualification which offers learners not only an academic perspective but also a practical approach to the accounting discipline. It aims to allow candidates to develop: an understanding of the basic principles underlying the recording of business transactions; the ability to prepare and interpret accounts for sole traders, partnerships, non-trading organisations, limited companies and groups of companies in accordance with basic accounting conventions and current accounting practice; and the ability to apply the principles of decision making.

Education context

Students may take this alongside other LCCI financial qualifications and/or alongside AS/A levels.

Awarding organisation
  • Pearson Education Ltd
Qualification code
601/7932/6 (Pearson LCCI Level 3 Certificate in Accounting)
Structure

A linear single unit qualification consisting entirely of mandatory content

Subject areas
  • Accounting
  • Valuation of stocks
  • Valuation of fixed assets
  • Partnerships
  • Companies
  • Accounting for groups of companies
  • Cash flow statements
  • Accounting ratios
  • Budgetary control
  • Introduction to decision making
  • Concepts and accounting framework
Levels
  • Level 3

Level 3 qualifications regulated to the Regulated Qualifications Framework (RQF).

A levels are also Level 3 qualifications regulated to the Regulated Qualifications Framework.

Level 3 is the same level as the Scottish Credit and Qualifications Framework (SCQF) Level 6.

Grading

Distinction, Merit, Pass

Assessment

There is one examination paper of 3 hours duration with a total of 100 marks.

Contribution of assessment components to overall grade

The single exam is 100% of the assessment.

Resit arrangements

This is a linear qualification and so resitting is not applicable

Guided / notional learning hours
150 hours
UCAS Tariff points

Pearson LCCI Certifcate in Accounting

Grade Points
D 24
C 18
P 14
Key issues for UK HE admissions

Students may take this alongside other LCCI financial qualifications and/or alongside AS/A levels and progress to higher level programmes.

First teaching was 2010 but the specification was updated in October 2015.

Timing of assessments and results

There are 8 exam series in each year. Results are published in March, May, June, August, September, November, January and February.

Qualification date
Starting from 01 Oct 2015
Qualification dates notes

This is a current qualification.

Certification information

The results of many UK qualifications are reported to UCAS through Awarding Body Linkage (ABL)

  • A level and results from larger awarding bodies are reported automatically
  • IB results are only reported with the candidate’s permission
  • Some results are not reported through ABL; this does not reflect the validity of the qualification.

The results available through ABL can be found at: https://www.ucas.com/providers/undergraduate/undergraduate-application-process/awarding-body-linkage-abl#documents.

Where results are not available through ABL, HEPs will need to ask applicants to provide their own evidence of achievement.

In the calendar year 2016, there were:

  • 2,110 certifications on the old specification
  • 1,557 certifications on the new specification

These were mainly international students.

Results of this qualification are reported through ABL.

Progression information

Students may take this alongside other LCCI financial qualifications and/or alongside AS/A levels and progress to higher level programmes.