Pearson LCCI Level 3 Certificate in Accounting (IAS)

Qualification code
500/1529/1 (Pearson LCCI Level 3 Certificate in Accounting (IAS))
Purpose

Vocational qualifications are either work-related qualifications designed to enable students to gain the skills required to perform a particular job, or qualifications that may be taken as part of a wider study programme or an apprenticeship.

Schools and colleges may offer qualifications that are not included in the DfE performance tables, if approved for teaching to 16 –19 year olds by the Secretary of State for Education in England under Section 96, where this is in the best interests of individual students.


This is a broad-based qualification which offers students an academic yet practical approach to the accounting discipline, and the opportunity to gain knowledge and experience in using the International Accounting Standards (IAS). It aims to allow candidates to develop the ability to prepare accounting statements and data in accordance with basic accounting conventions and current international accounting practice, with reference to disclosure of accounting policies, inventory, accounting for depreciation, cash flow statements, and group accounts, and the ability to use and interpret accounting statements and data.

Students may take this alongside other London Chamber of Commerce and Industry (LCCI) financial qualifications, and/or alongside AS/A levels, and progress to higher level programmes.

Grading

Distinction, Merit, and Pass.

Assessment

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

Further information

There are a number of key considerations for HEPs when reviewing vocational qualifications that are not listed on the DfE 16 –19 performance tables for England:

  • Some of these qualifications are occupational, and may not be designed specifically for progression to HE.
  • Applicants holding these qualifications may be school or college leavers, however, some may be more mature students who are likely to have other relevant experience alongside these qualifications.
  • These qualifications may have been taken as part of a wider study programme or an apprenticeship.
  • If they are presented for admission to HE it is likely to be in conjunction with other qualifications.

In respect of this qualification:

  • It may be taken alongside other Level 3 qualifications, such as A levels, to help meet entry requirements for a range of higher level, programmes. 
  • It has been withdrawn. Final certifications were on 20 June 2017.
  • It is being replaced by the revised qualification entitled Pearson LCCI Level 3 Certificate in Accounting. The QIP for the new qualification is available at: https://qips.ucas.com/qip/pearson-lcci-level-3-certificate-accounting

Find out more about this qualification.