This qualification is not listed on the DfE 16 – 19 performance tables because it is not designed to meet the requirements of the Key Stage 5 performance tables.
- Northern Ireland
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.
This qualification is designed for post-16 students and falls under the oversight of the Department of Business, Energy and Industrial Strategy (BEIS) and the Education and Skills Funding Agency (ESFA). A significant number of students will undertake these qualifications post-19.
Following its 2012 review of post-19 qualifications the ESFA removed 1,800 qualifications from public funding and a further 1,000 in 2014. In March 2014 the government published a Reform Plan for Vocational Education.
This qualification has not been subject to the same reforms as Applied General and Tech Level qualifications (which are specifically designed for 16-19 year old students), however the ESFA has implemented a new set of business rules for the approval of qualifications for funding, based on the 2013 Review of Adult Vocational Qualifications in England. These rules recognise that adults may have different needs, aspirations and ambitions to younger people and include that qualifications should be:
- relevant to individuals and employers and affordable for all sizes of business and for individuals
- rigorous and based on a robust future-looking occupational standard designed and assessed by the sector
- recognised as worthy of investment, giving a clear signal of the economically valuable skills, knowledge and understanding required in an occupation now and in the future.
Regulation of vocational qualifications
The regulation of vocational qualifications is the responsibility of the respective regulators in each UK country – Ofqual (England), CCEA Regulation (Northern Ireland) SQA (Scotland) and Qualifications Wales (Wales). The regulatory approach undertaken for vocational qualifications is different from A levels. This is because there are no specific qualification criteria for vocational qualifications, as there currently are for GCSEs, AS and A levels. Vocational qualifications must comply with the regulator’s general rules, as is the case with all regulated qualifications.
- Pearson (Edexcel)
A linear, single unit qualification, consisting entirely of mandatory content.
- Valuation of stocks
- Valuation of fixed assets
- Accounting for groups of companies
- Cash flow statements
- Accounting ratios
- Budgetary control
- Introduction to decision-making
- Concepts and accounting framework
- Level 3
Level 3 qualifications are regulated to the Regulated Qualifications Framework (RQF) in England and Northern Ireland and the Credit and Qualifications Framework for Wales, though many may be offered on a three-country basis.
Level 3 is broadly aligned to the Scottish Credit and Qualifications Framework (SCQF) Level 6 / 7.
Distinction, Merit, and Pass.
There is one examination paper of three hours duration, with a total of 100 marks.
The single exam is 100% of the assessment.
This is a linear qualification, so resitting is not applicable.
Pearson LCCI Certifcate in Accounting (IAS)
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
On demand and at fixed dates in April, June, and November.
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.
The results of this qualification were reported to UCAS through Awarding Body Linkage (ABL).
There were 7,174 certifications in the calendar year 2016 (mainly international students).
Students may take this qualification alongside other LCCI financial qualifications, and/or alongside AS and A levels and progress to higher level programmes.