Pearson LCCI Level 3 Certificate in Accounting (IAS)

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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. It is taken by many international schools and colleges.

This is a broad-based qualification which offers learners 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.

Education context

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

Awarding organisation
  • Pearson (Edexcel)
Qualification code
500/1529/1 (Pearson LCCI Level 3 Certificate in Accounting (IAS))
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, and Pass

Assessment

There is one examination paper of three 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, so resitting is not applicable.

Guided/notional learning hours
160 hours
UCAS Tariff points

Pearson LCCI Certifcate in Accounting (IAS)

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

This qualification may be taken alongside other Level 3 qualifications, such as A levels, to help meet entry requirements for a range of higher level, programmes. 

This qualification 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. 

Timing of assessments/results for learners

On demand and at fixed dates in April, June, and November.

Qualification date
01 Dec 2006—20 Jun 2017
Qualification dates notes

This qualification has been withdrawn. It is being replaced by the revised qualification entitled Pearson LCCI Level 3 Certificate in Accounting. Final certifications were on 20 June 2017.

Reporting and certification information

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

  • A levels 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.

View the results available through ABL.

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

There were 7,174 certifications in the calendar year 2016 (were mainly international students).

Results of this qualification were reported through ABL.

Progression information

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