Pearson LCCI Level 3 Certificate in Cost and Management Accounting (VRQ)

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LCCI qualifications in accounting and finance

This may be taken a a stand alone qualification, but it may also be taken as a mandatory component of the Pearson LCCI Level 3 Diploma in Accounting and Finance.

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 at a large number of international schools and colleges.

This qualification provides the student with the skills, knowledge, and understanding of cost and management accounting which reflects the keys skills required in business for short and long-term decision-making, inventory control, accounting for overheads, working capital management, standard costing, and the preparation and control of budgets.

Education context

The qualification may be taken alongside the Pearson LCCI Certificate in Financial Accounting and the Pearson LCCI Certificate in Business Statistics, to achieve the Pearson LCCI Level 3 Diploma in Accounting & Finance. Alternatively, it may be taken alongside A levels.

Awarding organisation
  • Pearson (Edexcel)
Qualification code
601/5169/9 (Pearson Level 3 Certificate in Cost and Management Accounting (VRQ))
Structure

A linear, single unit qualification, consisting entirely of mandatory content.

Subject areas
  • Accounting
  • Inventory management
  • Short-term decision-making
  • Accounting for overheads
  • Budgetary planning and control
  • Working capital management
  • Standard costing and variances
  • Costing methods
  • Long-term decision-making
  • Management Information Systems
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 three hours duration, with five compulsory questions, and a total of 115 marks.

Contribution of assessment components to overall grade

The single exam makes up 100% of the assessment.

Resit arrangements

This is a linear qualification, so resitting is not applicable.

Guided/notional learning hours
140 hours
UCAS grade bands

Not yet available.

UCAS Tariff points

Pearson LCCI Level 3 Certificate in Cost and Management Accounting (VRQ)

Grade Points
D 24
M 16
P 8
Key issues for UK HE admissions

This is a new specification introduced for first teaching on 1 January 2015. It replaces the specifications in Cost Accounting and Management Accounting.

Timing of assessments/results for learners

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

Qualification date
Starting from 01 Jan 2015
Qualification dates notes

This is a current qualification.

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.

In the calendar year 2016, there were:

  • 5,637 certifications for Cost Accounting
  • 5,577 certifications for Management Accounting
  • 1,854 certifications  for the new Cost and Management Accounting specification

These were mainly international students.

Results of this qualification are reported through ABL.

Progression information

This qualification may be taken alongside the Pearson LCCI Certificate in Financial Accounting and the Pearson LCCI Certificate in Business Statistics, 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.