This may be taken a a stand alone qualification, but it may also be taken as an optional component of the Pearson LCCI Level 3 Diploma in Accounting and Finance.
- Northern Ireland
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 a large number of international schools and colleges.
This qualification will enable students to apply statistical techniques to business data, to plan and control business operations, evaluate and manage risk, and support the decision-making process. Students will gain an understanding of the basic concepts of statistical problem solving in business situations, develop knowledge, understanding, and skills of statistical methods and concepts and in probability, including an awareness of the potential and limitations of data and methods.
The qualification may be taken alongside the Pearson LCCI Certificate in Cost & Management Accounting, and the Pearson LCCI Certificate in Financial Accounting, to achieve the Pearson LCCI Level 3 Diploma in Accounting & Finance. Alternatively, it may be taken alongside A levels.
- Pearson (Edexcel)
A linear, single unit qualification, consisting entirely of mandatory content.
1. Management Information: The External and Internal Business Environment
- Data collection
- Descriptive statistics
2. Business Planning Models
- Correlation and regression (including Spearman’s rank correlation coefficient)
- Time-based data
3. Risk Management and Business Decision-Making
- Probability, including the normal distribution
- Estimation and confidence intervals
- Significance testing
- Chi squared test
4. Quality Assurance and Control
- 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.
Distinction, Merit, Pass
There is one examination paper of three hours duration, with five compulsory questions, and a total of 100 marks.
The single exam makes up 100% of the assessment.
This is a linear qualification, so resitting is not applicable.
Pearson LCCI Level 3 Certificate in Business Statistics (VRQ)
This is a revised specification introduced for first teaching on 1 January 2015.
There are eight exam series in each year. Results are published in March, May, June, August, September, November, January, and February.
This is a current qualification.
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.
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:
- 3,699 certifications on the old specification
- 476 certifications on the new specification
These were mainly international students.
Results of this qualification are reported through ABL.
This qualification may be taken alongside the Pearson LCCI Certificate in Cost & Management Accounting and the Pearson LCCI Certificate in Financial Accounting, to achieve the Pearson LCCI Level 3 Diploma in Accounting & Finance. Alternatively, it may be taken alongside A levels. Either route should enable progression to higher level programmes, particularly those in accounting and finance.