Work-ready skills in Finance and Quantitative

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Work-ready skills in Finance and Quantitative

LCCI qualifications are widely regarded by employers for their practical focus on the key functions of modern international business, and are recognised internationally by employers, universities and professional bodies such as Association of Chartered Certified (ACCA) and Institute of Chartered Accountants in England and Wales (ICAEW).

Covering a range of essential financial and quantitative topics, we prepare students for progression to university and professional qualifications, or direct employment in the financial sector. Search from the list of our qualifications below that may be of interest to you:

Financial qualifications 6

Quantitative qualifications 22

Students can go onto many job roles including; accounts executive, accounts assistant, accounts clerk, junior , data analyst assistant and many more.

My life as a finance professional started through studying Pearson LCCI. Phyu Thwe Win, Finance & Operations Manager

2 Recognition by professional bodies for Pearson LCCI finance qualifications

Organisation Level Qualification Exemption details

Association of Chartered Level 2 Level 2 Certificate in Book-keeping and FA1: Recording Financial Transactions Certified Accountants (ACCA) (VRQ)

Association of Chartered Certified Level 3 Level 3 Certificate in FA1: Recording Financial Transactions Accountants (ACCA) (VRQ) FA2: Maintaining Financial Records

Association of Chartered Certified Level 3 Level 3 Certificate in Accounting Foundation Paper F3: Accountants (ACCA) Financial Accounting

Association of Chartered Level 4 LCCI Level 4 Certificate in Organisational Foundation Paper F1: Certified Accountants (ACCA) Behaviour and Performance (VRQ) Accountant in Business

Association of Chartered Certified Level 4 LCCI Level 4 Certificate in Management Foundation Paper F2: Accountants (ACCA) Accounting (VRQ)

Association of Chartered Certified Level 4 LCCI Level 4 Certificate in Financial Foundation Paper F3: Accountants (ACCA) Accounting (VRQ) Financial Accounting

The Association of International Level 4 LCCI Level 4 Professional Diploma in Entry to AIA's Certificate in Accountants (AIA) Accounting and Finance Accountancy qualification (Level 5)

The Chartered Institute of Level 3 LCCI Level 3 Certificate in and CIMA Certificate in Business Management Accountants (CIMA) Management Accounting (VRQ) Accounting (2011): C01 Fundamentals of (UCAS point available) Management Accounting

The Chartered Institute of Level 3 LCCI Level 3 Certificate in Financial CIMA Certificate in Business Management Accountants (CIMA) Accounting (VRQ) Accounting (2011): C02 Fundamentals of (UCAS point available) Financial Accounting

The Chartered Institute of Level 3 LCCI Level 3 Certificate in Business CIMA Certificate in Business Management Accountants (CIMA) Statistics (VRQ) Accounting (2011): C03 Fundamentals of (UCAS point available) Business Mathematics

The Chartered Institute of Level 4 LCCI Level 4 Certificate in Applied Business CIMA Certificate in Business Management Accountants (CIMA) Economics (VRQ) Accounting (2011): C04 Fundamentals of Business Economics

The Chartered Institute of Level LCCI Level 3 Award in Professional CIMA Certificate in Business Management Accountants (CIMA) 3 and Ethics in Accounting and Finance Accounting (2011): C05 Fundamentals Level 4 and Pearson LCCI Level 4 Certificate in The of Ethics, Corporate Governance and Legal Environment Business Law

The Chartered Institute of Level 4 LCCI Level 4 Certificate in Management CIMA Chartered Accounting Management Accountants (CIMA) Accounting (VRQ) Qualification (2015): P1 Management Accounting

Institute of Chartered Accountants Level 4 LCCI Level 4 Certificate in Financial ICAEW paper: Accounting in England and Wales (ICAEW) Accounting (VRQ)

Institute of Chartered Accountants in Level 4 Level 4 Certificate in Organisational ICAEW paper: Business and Finance England and Wales (ICAEW) Behaviour and Performance (VRQ)

Institute of Chartered Accountants Level LCCI Level 3 Certificate in Cost and ICAEW paper: in England and Wales (ICAEW) 3 and Management Accounting (VRQ) and Management Information Level 4 Pearson LCCI Level 4 Certificate in Management Accounting (VRQ)

Singapore Accountancy Academy Level 3 Group Diploma in Accounting + Entry to: – education arm of Institute of Group Diploma in + SAA-GE Advanced Diploma in Certified Public Accountants of Group Diploma in Management Accounting Accounting and Finance Singapore (ICPAS) + SAA-GE Advanced Diploma in Diploma in Business Studies (with Pass in Business Management with Level 3 Accounting) exemptions for module 1

Malaysian Qualifications Level 3 LCCI Level 3 Group Diploma in Accounting Equivalent to Level 3 of Malaysian Agency (MQA) Qualifications Framework

Malaysian Qualifications Level 3 Equivalent to a Foundation level Agency (MQA) programme on the Malaysian Qualifications Framework

Malaysian Qualifications Level 4 LCCI Level 4 Diploma in Accounting and Equivalent to Level 4 of Malaysian Agency (MQA) Finance Qualifications Framework

UCAS points are available for some of our Level 3 qualifications: 3 UCAS Points (New Tariff) 2016/2017 Distinction 24 points / Merit 18 points / Pass 16 points. What support can you expect? All the support and guidance you would expect from the world’s largest learning company. Whether you’re interested in one subject or the full range, we provide everything needed to support you through delivery, qualification and onto final assessment.

Access to a global network of Free implementation and Pearson expertise providing ‘get ready to teach’ events to personalised, local support. support with the delivery of the qualifications. When you become part of a Pearson LCCI centre, you become part of a growing We provide all of the tools needed international network of over 5000 centres such as syllabuses, sample papers, full of ambitious students and employers and teacher’s toolkits, but we also who are all eager to grow their skills base. hold free face-to-face and online training seminars and workshops, Syllabuses, sample papers, past hosted by our chief examiners, to papers, model answers, teachers’ ensure you are equipped with the knowledge and know-how to use all tool kits, support packs and the tools provided to teach Pearson comprehensive training. LCCI qualifications. We provide our centres with all of the tools Online, user-friendly centre needed to teach each qualification, helping teachers plan lessons, support exam administration for all forms and preparation and to help understand learners documents. exam results with our post analysis tool To ensure you get best Results Plus to ensure learners reach their potential. experience possible we have worked with our centres to ensure all our online administration and Published resources supporting registration processes are simple learning and examination preparation and straightforward.

Tailored textbooks and resources including Centre and learner recognition student books, teacher guides and digital support tools from the world’s leading including Pearson LCCI education company to support learners with Medallions for your top relevant content, examples and exercises. students. Every year we award Pearson Dedicated customer support teams LCCI IQ Medallions and are trained to deal with specific and certificates of excellence to top general enquiries. scoring students. When you become a Pearson LCCI centre Winning a medallion or a you have access to dedicated support certificate is a prestigious from our customer service team and local representatives based around the world, achievement and means winners who are on hand to provide dedicated are not just a top scoring student, support with your queries. but one of the top scoring students in the world. To find out more visit qualifications.pearson.com/lcci

4 Why offer our finance qualifications at your centre?

They are small bite-sized Each qualification They are 100% vocational has been mapped externally assessed, qualifications to the International via an exam set that can be Accounting and marked by studied part-time, Standards (IAS), Pearson, so you alongside other making the can be confident in qualifications or qualifications the standard of the full-time work globally relevant. qualification. or via distance learning.

There are numerous The finance assessment opportunities qualifications throughout the year Level 4 titles are available in (usually either 4 or 8 have the added both the UK and series windows, or on- benefit of internationally. demand only for the ACCA, ICAEW Pearson LCCI Level 2 exemptions Award in Computerised (VRQ)).

5 Financial qualifications

LCCI Level 1 Syllabus topics Books of Original Entry and Double Entry Certificate in • The accounting equation Bookkeeping (VRQ) • Double entry bookkeeping • Books of original entry • Bank transactions Launched in 2015 Accounting for Payroll Product code: ASE20091 • Calculation of payroll using time rates and incentive schemes • Payroll deductions Aims • Calculation of wages • Accounting for payroll The Pearson LCCI Level 1 Certificate in Bookkeeping (VRQ) qualification and legacy Control Accounts qualification are established and valued by employers worldwide and recognised by • The purposes and preparation of control professional bodies. All businesses require accounts accurate bookkeeping records that are • Financial Statements of a Sole Trader maintained on a regular basis. Consequently, • Income statements there is a demand for employees who • Statements of financial position possess these bookkeeping skills. Assessment The qualification is intended for students who wish to acquire the essential skills and • One written externally set and marked knowledge of maintaining business records, paper, contributing 100% of the overall using books of original entry and double- grade of the qualification. entry bookkeeping and who are working • The examination will be 2 hours. or preparing to work, in areas of business • The examination will consist of 100 marks. that will involve the recording of financial • Candidates will be graded Pass/Merit/ transactions. The qualification is also for Distinction. A result of Fail will be recorded those students who wish to understand where candidates do not achieve the bookkeeping in accordance with the required marks for a Pass. International Accounting Standards (IAS). • The paper contains two sections. • Candidates answer all questions from all The qualification will give students the sections. opportunity to develop an understanding of the basic principles underlying the recording • Section A questions comprise multiple of business transactions and to develop the choice (MCQ). ability to maintain the books of and prepare • Sections B comprise table completion, financial statements for sole traders. preparation of accounts and short open response questions. The qualification is an introduction to • Candidates are expected to have available bookkeeping and allows progression to a calculator with at least the following the Pearson LCCI Level 2 Certificate in keys: +, −, ×, ÷, π, x2, √x, 1x, xy, ln x, ex, x!, Bookkeeping and Accounting (VRQ) and sine, cosine and tangent and their inverses supports progression into the job market, for in degrees and decimals of a degree, and example, in a bookkeeping role within a large in radians; memory. Calculators with a company’s finance department. facility for symbolic algebra, differentiation and/or integration are not permitted. • Available for series assessment only.

6 This qualification will give students the LCCI Level 2 opportunity to develop an understanding of the basic principles underlying the recording Certificate in of business transaction. It will also give Bookkeeping and students the ability to prepare and interpret accounts for sole traders, partnerships, Accounting (VRQ) limited companies, manufacturing and non- profit making organisations.

Launched in 2015 The Pearson LCCI Level 2 Certificate in Bookkeeping and will allow progression to other Pearson LCCI Level 3 accounting Product code: ASE20093 qualifications, for example, the Pearson International Advanced Level in Accounting (IAL) qualification and supports progression Aims to the job market, for example, to a book The Pearson LCCI Level 2 Certificate in keeping and accounting role within a large Bookkeeping and Accounting (VRQ) and company’s finance department. The Pearson the legacy qualification are established LCCI Level 2 Certificate in Bookkeeping and and valued by employers worldwide and Accounting (VRQ) will support students who recognised by professional bodies. All run their own business and who need to carry businesses require accurate bookkeeping out their own bookkeeping and those already records that are maintained on a regular working in accounting who would like to basis. Consequently, there is a demand for enhance their skills. employees who possess these skills. ( continues on next page ) This qualification is intended for students who wish to gain a thorough foundation in bookkeeping and accounting practices, including double-entry bookkeeping. It is also for students who wish to understand bookkeeping and accounting in accordance with the International Accounting Standards (IAS). The qualification is also for those who are working in, or who are preparing to work, in an accounting environment maintaining financial records and preparing accounts. The Pearson LCCI Level 2 Certificate in Bookkeeping and Accounting (VRQ) builds on the knowledge and skills acquired from the Pearson LCCI Level 1 Certificate in Bookkeeping (VRQ).

Financial qualifications 7 Syllabus topics Assessment

Recording Financial Transactions • One written externally set and marked paper, contributing 100% of the overall • The principles of double-entry accounting grade of the qualification. Control Accounts • The examination will be 2 hours and 30 minutes. • The purpose and reconciliation of control accounts • The examination will consist of 100 marks. • The preparation of control accounts • Candidates will be graded Pass/Merit/ Distinction. A result of Fail will be recorded Correction of Errors and the Journal where candidates do not achieve the • Correction of errors required marks for a Pass. • The journal • The paper contains five questions. • Candidates answer all questions. Adjustments in Financial Statements • The questions comprise table completion, • preparation, calculations, short • Bad debts and allowance for doubtful open response and one medium open debts response question. • Candidates are expected to have a • Adjusting for and prepayments calculator available with at least the following keys: +, −, ×, ÷, π, x2, √x, 1x, xy, Partnerships ln x, ex, x!, sine, cosine and tangent and • Partnerships as a business relationship their inverses in degrees and decimals • Limited Liability Companies of a degree, and in radians; memory. Calculators with a facility for symbolic • Principles of accounting for limited liability algebra, differentiation and/or integration companies are not permitted. • Available for series assessment only. Incomplete Records of a Sole Trader • Principles of incomplete records

Manufacturing Accounts • Principles of manufacturing accounts

Accounting for Non-profit Making Organisations • Principles of accounting for non-profit making organisations

Accounting Ratios. • The calculation and interpretation of accounting ratios

8 Financial qualifications LCCI Level 3 Syllabus topics Certificate in Financial The purpose of maintaining financial records • The scope of the financial accounting Accounting (VRQ) function • Different types of business organisations • How financial statements contribute Launched in 2015 towards meeting the needs of different stakeholders and users Product code: ASE20097 • The importance of ethical behaviour in accounting practices Aims Recording financial transactions The Pearson LCCI Level 3 Financial Accounting (VRQ) qualification is for students • The importance of ethical behaviour in who work in, or want to work in, accounting accounting practices environments. • The importance of ethical behaviour in accounting practices The qualification provides students with the key knowledge and understanding • Recording transactions of accounting principles and concepts • Undertake a underlying all financial accounting including • Recording receivables and payables the preparation of accounting entries for non- • Recording changes in current ; advanced bookkeeping; the • Make adjustments for accruals and preparation of journals for correction of errors and year-end adjustments; the preparation prepayments of the extended to incorporate • Account for depreciation these adjustments and the preparation • The accounting treatment of tangible and of financial accounts for unincorporated non-current assets businesses (sole traders and partnerships). Balancing accounts and the trial balance Students will gain skills to produce financial records, summarising an organisation’s • The purpose of the trial balance financial transactions over a specific • Correction of errors in transaction accounting period, and its current financial recording position in terms of assets, liabilities and • Operate a control account capital. • Operate a suspense account This qualification is trusted and valued by Adjustments and the extended trial balance employers worldwide and recognised by universities and professional bodies. This • The purpose of the extended trial balance will increase students’ employability in the sector and allow them to continue their Produce final accounts of a sole trader and academic development by progressing to the partnership Pearson LCCI Level 4 Certificate in Financial Accounting (VRQ) or other professional • Prepare the main financial statements accountancy qualifications. Introduction to interpretation of financial statements • The contribution of financial statements measuring business performance

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Financial qualifications 9 Assessment UCAS points • One written externally set and marked We have UCAS points for this qualification to paper, contributing 100% of the overall aid progression to Higher Education. grade of the qualification. Information on the tariff points awarded can • The examination will be 3 hours. be found at www.ucas.com. • The examination will consist of 115 marks. • Students will be graded Pass/Merit/ Distinction. A result of Fail will be recorded where students do not achieve the required marks for a Pass. • The paper comprises five questions. • Students should answer all questions. • Questions comprise short written answer, calculations and preparation of financial statements. • Available for series assessment only.

10 Financial qualifications LCCI Level 3 Syllabus topics • Accounting concepts and framework Certificate in • Recording financial transactions Accounting (VRQ) • Preparation of an extended trial balance • Preparation of financial statements • Preparation of accounting from incomplete New from October 2015 records Product code: ASE20104 • Interpretation of financial statements Budgetary control • Introduction to decision making The Pearson LCCI Level 3 Certificate in Accounting (VRQ) gives students an overview Assessment of the fundamental accounting principles and concepts that underlie all Financial accounting. • One written, externally-set and marked Students are introduced to topic areas they are paper, contributing 100% of the overall likely to encounter in their working lives in practical, grade of the qualification scenario-based situations. This qualification • The examination will be 3 hours includes content on these main functions: • The examination will consist of 115 marks • Maintaining up-to-date records of all financial transactions in an appropriate format using • Students will be graded Pass/Merit/ accounting record books () Distinction. A result of Fail will be recorded where students do not achieve the • Preparation of extended trial balances required marks for a Pass • Preparation and interpretation of financial statements of different businesses (sole • The paper comprises of five questions traders, partnerships, limited companies and • Students should answer all questions groups of companies) • Preparation of financial records from • Questions comprise short, written answer, incomplete records calculations and preparation of financial statements, analysis and evaluation of • Budgeting results obtained. • Applying the principles of decision making The qualification has been developed to allow students to progress to the Pearson LCCI Level 4 Certificate in Financial Accounting (VRQ), which extends and introduces new advanced topic areas in this field. This qualification is suitable for those working or intending to work in advanced accounting roles with a high level of autonomy, for example Junior Accountant or Cost Accountant.

Financial qualifications 11 LCCI Level 2 Cost Syllabus topics Accounting (VRQ) Introduction to cost accounting • The role of cost accounting in business

Launched in 2015 Accounting for materials, labour and overheads Product code: ASE20094 • Material costs • Labour costs • Overhead costs Aims The Pearson LCCI Level 2 Cost Accounting Methods of costing (VRQ) is for students who work in, or want to work in accounting environments where they • Job and batch costing will be required to produce cost information. • Marginal costing

This qualification provides the key knowledge Introduction to budgeting and standard and understanding of the role of cost costing accounting in business; costs relating to • Budgetary planning and control labour, material and overheads; marginal costing; coding systems and the role • Standard costing and variances of management information systems in Working capital management organisations. The qualification will also introduce students to the principle of • Managing decision making for Management Accounting with a view to preparing them for the Pearson Decision making Level 3 Certificate in Cost and Management Accounting qualification. • Investment appraisal

This qualification is trusted and valued Introduction to Management Information by employers worldwide and recognised Systems by universities and professional bodies. • The role of Management Information This level 2 qualification will increase their Systems (MIS) in cost accounting employability skills in the sector and allow progression to the Pearson LCCI Level 3 Certificate in Cost and Management Assessment Accounting qualification. • One written externally set and marked paper, contributing 100% of the overall grade of the qualification. • The examination will be 2 hours 30 minutes. • The examination will consist of 100 marks. • Students will be graded Pass/Merit/ Distinction. A result of Fail will be recorded where students do not achieve the required marks for a Pass. • The paper comprises six questions. • Students should answer all questions. • Questions comprise short written answer and calculations. • Available for series assessment only.

12 Financial qualifications LCCI Level 3 Accounting for overheads Certificate in Cost • Overhead absorption and Management Budgetary planning and control Accounting (VRQ) • Preparation of Working capital management

Launched in 2015 • Managing cash flow Standard costing and variances Product code: : ASE20098 • Calculating variances

Aims Costing methods The Pearson LCCI Level 3 Cost and • Process costing Management Accounting (VRQ) is for students who work in, or want to work in accounting environments where they will Long-term decision making be required to use management accounting • Investment appraisal techniques which contribute to effective decision making and control. Management Information Systems This qualification provides the student with • The role of Management Information the skills, knowledge and understanding of Systems (MIS) in cost and management cost and management accounting which accounting reflects the keys skills required in business for short and long-term decision making, inventory control, accounting for overheads, Assessment working capital management, standard • One written externally set and marked costing and the preparation and control of budgets. paper, contributing 100% of the overall grade of the qualification. This qualification is trusted and valued by • The examination will be 3 hours. employers worldwide and recognised by • The examination will consist of 100 marks. universities and professional bodies. • Students will be graded Pass/Merit/ Distinction. A result of Fail will be recorded This will enhance their employability prospects in the accounting sector and where students do not achieve the allow progression to the Pearson LCCI Level required marks for a Pass. 4 Certificate in Management Accounting • The paper comprises five questions. qualification. • Students should answer all questions. • Questions comprise short written answer Syllabus topics and calculations. • Available for series assessment only. Inventory management • Materials and inventory control UCAS points We have UCAS points for this qualification to Short-term decision making aid progression to Higher Education. • Short-term cost behaviour • Break even analysis Information on the tariff points awarded can be found at www.ucas.com. • Marginal and absorption costing

Financial qualifications 13 LCCI Level 2 Award Syllabus topics • Entering and amending company data in Computerised • Processing routine transactions Bookkeeping (VRQ) • Processing non-routine transactions • Processing journals • Bank accounts reconciliation • Management reports Launched in 2015 • Data security.

Product code: ASE20095 Assessment • One written externally set and marked Aims paper, consisting of 100% of the overall The Pearson LCCI Level 2 Award in grade of the qualification. Computerised Bookkeeping is trusted • Students will be graded Pass/Merit/ and valued by employers worldwide and Distinction. A result of Fail will be recorded recognised by professional bodies. All where students do not achieve the businesses require accurate accounting required marks for a Pass. records that are maintained on a regular basis. Consequently, there is a demand for • The paper comprises two sections. employees who possess these skills. • Students answer all questions from Section A and all tasks from Section B. The qualification gives students the • Section A comprises one extended, open- opportunity to gain the knowledge, response question broken down into a understanding and skills needed to ensure number of parts. that routine transactions made by the • Section B comprises a scenario in which it business are accurately recorded using is assumed that the candidate is working computerised accounting software. in an accounting department using a computerised accounting system. This qualification is designed to increase • Available for on-demand only. students’ employability skills in a variety of roles involving accurate data recording, The scenario requires candidates to process such as bookkeeping in a company’s finance a variety of business transactions using department. The qualification also supports commercially available computerised students who run their own businesses and accounting software. The examination carry out their own bookkeeping, and those requires the use of computerised accounting who are already working in accounting and software. who would like to enhance their skills by obtaining a formal qualification. As a guide, the examination is compatible with the following computerised accounting software: Sage 50, MYOB and Mr Accounting. This list is not exhaustive and other computerised accounting software may be used. Computerised accounting software must accept currencies to 2 decimal places, for example sterling, dollars, euros, yen. Centres must ensure that the software they are using will enable candidates to examination before registering candidates.

14 Financial qualifications Computerised reports for management purposes Accounting Skills Syllabus topics (Level 3) • setting up initial data • entering transactions Product code: ASE20055 • processing credit card transactions • recording transactions relating to Final on-demand assessment: Dec 2019 acquisition and disposal of fixed assets Last certification: Jun 2020 • making end of period adjustments • amending and This qualification develops the students’ producing and analysing end period ability to manage a computerised reports accounting system in order to provide management information. Students • producing and reviewing routine and non- will learn how to process non-routine routine reports accounting transactions and print and analyse reports such as the Profit and Assessment Loss and . Students for this qualification must at least have book- • Students are assessed by a 3 hour exam in keeping and accounting knowledge and the form of a practical case study, in which skills equivalent to the Pearson LCCI it is assumed that the student is working Level 2 Book-keeping and accounts in an accounting department using a qualification. This qualification is suitable for people who work or intend to work in computerised accounting system. The an advanced accounting role. case study requires students to process a variety of business transactions using commercially available computerised Aims accounting software. A sample paper is The aim of the qualification is to develop available on the Pearson LCCI website. students’ competence in using computerised accounting software and to develop skills in: • A sample paper is available on the Pearson LCCI website. • setting up initial business data in a computerised accounting system • processing and completing advanced business transactions • producing and analysing end period reports • producing and reviewing a range of routine and non-routine accounting

Financial qualifications 15 LCCI Level 4 Syllabus topics The Regulatory Framework and Governance Certificate in Financial Responsibilities Accounting (VRQ) • The principles applied when undertaking accounting responsibilities in business • The role of financial and the regulatory system governing financial reporting

Accounting Systems • The recording of regular transactions and Launched in 2015 necessary adjustments for the year end

Product code: ASE20101 The Principles of Financial Statements for Single Entities, Partnerships and Groups

Aims • The accounting treatment of tangible and intangible non-current assets The Pearson LCCI Level 4 Certificate in Financial Accounting (VRQ) is for students • Account for depreciation who work in, or want to work in a position • The treatment of provisions, contingent supporting a company’s finance department. liabilities and contingent assets • The treatment of events after the reporting This qualification provides students with date an understanding of the significance of • Accounting policies financial statements and the relevance of • recognition the information they contain. Students will • The accounting treatment of shares and produce financial statements in accordance with relevant accounting standards for single and group entities. Financial Statements

This qualification will provide students with • Prepare the main financial statements for the necessary skills to interpret complex single entities and partnerships financial statements for reporting and assist • Prepare consolidated financial statements in decision making by providing clear analysis of the financial statements. Students will The Analysis of Business Performance Using also gain an understanding of applicable Financial Statements. International Financial Reporting Standards (IFRS) which underpin the preparation of • The measurement of business company financial statements. performance • The analysis of financial statements This qualification is trusted and valued by employers worldwide and recognised by universities and professional bodies. ( continues on next page ) Students can progress from this qualification by working towards higher professional qualifications and membership of professional bodies, increasing their employability in the sector. Students may also continue their academic development by progressing to degree courses in financial and accounting disciplines.

16 Financial qualifications Assessment ACCA exemption • One written externally set and marked This qualification provides an exemption for paper, consisting of 100% of the overall the ACCA Paper F3. This programme will hold accreditation for a period of 5 years, for grade of the qualification. graduates from 01.01.2015 to 31.12.2019. • The examination will be 3 hours • The examination will consist of 125 marks Full details of the syllabus, study guide and • Students will be graded Pass/Merit/ examination papers are available on ACCA’s Distinction. A result of Fail will be recorded website at http://www.accaglobal.com. where students do not achieve the required marks for a Pass. • The paper comprises four questions, broken down into parts. • Students answer all questions. • Available for series assessment only.

Financial qualifications 17 Students who have completed the Pearson LCCI Level 4 LCCI Level 3 Certificate in Cost and Management Accounting (VRQ) qualification Certificate in or equivalent can progress to this Pearson Management LCCI Level 4 Certificate in Management Accounting (VRQ) Accounting (VRQ) qualification. They must have the knowledge and skills commensurate with the ability to study at Level 4. Students can progress from this Pearson LCCI Level 4 Certificate in Management Accounting (VRQ) qualification by working towards higher professional qualifications and membership of professional bodies, increasing their Launched in 2015 employability in the sector. Students can continue their academic development Product code: ASE20102 by progressing to degree courses in management or financial accounting.

Aims Syllabus topics The Pearson LCCI Level 4 Certificate in Management Accounting (VRQ) qualification Standard costing is for students who work in, or who want to work in, a supervisory or managerial role • Variance analysis within the area of management accounting. Budgeting

The qualification gives students advanced • Preparationof budgets knowledge and understanding of • planning and control management accounting techniques in business, budget setting, monitoring, Short-term decision making variance analysis and business performance. • Contribution theory

Students will gain the skills to use a range Forecasting of techniques to prepare complex financial information. They will construct budgets • Forecasting methods for planning and control, apply contribution theory for short-term decision making, and Performance measurement apply forecasting techniques and scenario planning to optimise profitability. Students • Financial performance will also analyse financial performance and evaluate information for management to Scenario planning support decision making and planning. • Optimising profitability

This qualification is trusted and valued by Corporate social responsibility employers worldwide and recognised by • Sustainability universities and professional bodies.

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18 Financial qualifications Assessment ACCA exemption • One written externally set and marked This qualification provides an exemption for paper, contributing 100% of the overall the ACCA Paper F2. This programme will hold accreditation for a period of 5 years, for grade of the qualification. graduates from 01.01.2015 to 31.12.2019. • The examination will be 3 hours. • The examination will consist of 120 marks. Full details of the syllabus, study guide and • Students will be graded Pass/Merit/ examination papers are available on ACCA’s Distinction. A result of Fail will be recorded website at http://www.accaglobal.com. where students do not achieve the required marks for a Pass. • The paper comprises five questions. • Students answer all questions. • Available for series assessment only.

Financial qualifications 19 The qualification is trusted and valued LCCI Level 4 by employers worldwide and recognised by universities and professional bodies. Certificate in Learners can progress from this qualification Organisational by working towards higher professional qualifications and to membership of Behaviour and professional bodies – increasing their employability in their chosen sector. Learners Performance (VRQ) could choose to continue their academic development by progressing to degree courses in various disciplines.

Syllabus topics The Internal and External Organisational Environment Launched in 2015 • The nature of the business environment • The nature of business activity in the Product code: ASE20103 public and private sectors • The role of Government in promoting and controlling business activity Aims • How the interests of the stakeholder The Pearson LCCI Level 4 Certificate in groups influence organisation activity Organisational Behaviour and Performance • How changes in the business environment (VRQ) is for learners who work in, or who want to work in, an area that contributes impact on organisations to those aspects of the decision-making process that influence an organisation’s Managing People and Organisational behaviour and improve its performance. Performance The qualification will enable learners to • Functions of management understand how changes in both the internal and external environment impact on an • The nature of business performance organisation and how different management measurement and its importance practices can help shape its response • The importance and benefits of effective to these changes. The qualification will workforce planning, recruitment and also enable learners to understand how selection on organisational performance motivation, leadership and teamworking • Different approaches to leadership influence an organisation’s performance. The qualification looks at the importance of and management and their impact on professional ethics and its relationship to organisational performance managing risk. This qualification is particularly • Application of theories of motivation within suitable for people who hold management the workplace positions or those who aspire to become • Importance of leadership managers. The qualification is relevant to learners across different functional areas • The importance of developing individuals of an organisation in whichever sector it to improve overall organisational operates, including finance, HR and other performance business operations. • How effective communications can contribute towards improvements in personal and organisational effectiveness

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20 Financial qualifications Organisational Compliance and Control Assessment • The importance of management • One externally set and marked written information paper, contributing 100% of the overall • The role of management information in an grade of the qualification. organisation • The examination will be 2 hours. • The nature and purpose of • The examination will consist of 100 marks. • The role of technology in supporting • Students will be graded Pass/Merit/ organisational functions Distinction. A result of Fail will be recorded where students do not achieve the Ethics, Corporate Governance and Risk required marks for a Pass. Management • The paper comprises four questions, • The importance of ethical behaviour in broken down into parts. organisations • Students answer all questions from all • How codes of ethics promote ethical sections. behaviour • Questions 1, 2, 3 and 4 contain short- and • The role of corporate governance within extended-open response questions. an organisation • Available for series assessment only. • Risk management in organisations ACCA exemption This qualification provides an exemption for the ACCA Paper F1. This programme will hold accreditation for a period of 5 years, for graduates from 01.01.2015 to 31.12.2019.

Full details of the syllabus, study guide and examination papers are available on ACCA’s website at http://www.accaglobal.com.

Financial qualifications 21 Quantitative qualifications

• the small business Business Calculations • wages and commission (Level 2) • buying and selling • insurance Product code: ASE2003 • foreign currencies • hire purchase This qualification is specifically designed to • partnerships provide a suitable foundation for students • averages wishing to progress to Pearson LCCI Level 3 Advanced Business Calculations. It also provides a suitable level of skill in business Assessment calculation for students wishing to continue in non-quantitative Level 3 Pearson LCCI • Students are assessed by a 2.5 hour business qualifications, as well as for those paper-based examination, consisting intending to perform standard calculations of eight compulsory questions. Each within a business environment and for the examination will include topics from most student with a general interest in the subject. or all sections of the syllabus. A single question may relate to a single section of Aims the syllabus, or to more than one section. Examination will be broadly representative The aims of this qualification are to enable students to develop: of the balance of topics in the syllabus, with some flexibility to provide a suitable • a broad knowledge and understanding variety of questions and business of standard business calculations in contexts, and to maintain an appropriate relation to simple and compound interest, balance of difficulty. Past papers are wages and commission, buying and available on the Pearson LCCI website. selling, insurance, foreign currencies, hire purchase, partnerships and averages • A sample paper is available on the Pearson • the ability to apply this ‘knowledge and LCCI website. understanding’ in business situations • a knowledge and understanding of related terminology

Syllabus topics • simple and compound interest

22 Financial qualifications Advanced Business Syllabus topics • simple and compound interest Calculations (Level 3) • stock exchanges • business ownership Product code: ASE3003 • profitability and liquidity This qualification is intended for students • investment appraisal who have already passed the Pearson LCCI • bankruptcy Level 2 Business Calculations or equivalent. • depreciation of business assets It is specifically designed for those intending • index numbers to perform a range of advanced business calculations within a business environment. Assessment Taken with other Pearson LCCI business • Students are assessed by a 3 hour paper- qualifications, it provides a suitable based examination, consisting of eight preparation for students intending to work at an advanced Level in a business environment. compulsory questions. Each examination will include topics from most or all The syllabus is also suitable for the student sections of the syllabus. A single question with a general interest in the subject. may relate to a single section of the syllabus, or to more than one section. The Aims examination will be broadly representative of the balance of topics in the syllabus, The aims of this qualification are to enable with some flexibility to provide a suitable students to develop: variety of questions and business • a broad knowledge and understanding contexts, and to maintain an appropriate of advanced business calculations in balance of difficulty. relation to simple and compound interest, • Past papers are available on the Pearson stock exchanges, business ownership, LCCI website. profitability and liquidity, investment appraisal, bankruptcy, depreciation of business assets and index numbers • the ability to apply this knowledge and understanding in a business situation • a knowledge and understanding of related terminology

23 It will allow progression to the Pearson LCCI Level 2 LCCI Level 3 Certificate in Business Statistics (VRQ) qualification and support Certificate in Business progression into the job market in areas such Statistics (VRQ) as forecasting, data collection and analysis, finance and accountancy. It will enable students to appreciate and understand data analysis in a business and finance Launched in 2015 environment.

Product code: ASE20096 Syllabus topics

Aims Management Information: The External and Internal Business Environment The Pearson LCCI Level 2 Certificate in Business Statistics (VRQ) qualification is • Data collection for students who work in, or want to work in • Data presentation business and research environments. • Descriptive statistics

Students should have a level of English Forecasting for Business Decisions sufficient to evaluate and explain the • Correlation and regression appropriateness of methods and outcomes. This qualification will allow students to apply • Time based data statistical techniques to business data in order to assist in analysing the business Risk Management and Business Decision environment and to support the planning and Making decision-making process. • Probability Students will have the opportunity to develop knowledge, understanding and skills of some Assessment basic statistical techniques and to apply this • One written externally set and marked knowledge and understanding in solving paper, consisting of 100% of the overall business problems. Students will be able to present, understand and interpret business grade of the qualification. data graphically and diagrammatically, • Assessment construction – examination understand basic statistical methodology, consisting of five questions. The assess the suitability of statistical methods questions comprise short open response, and models and apply statistical method to calculations, chart/diagram construction/ real world and commercial situations. drawing and chart/diagram interpretation The Pearson LCCI Level 2 Certificate in questions. Business Statistics (VRQ) qualification • The examination will be 2 hours and 30 and legacy qualification are established minutes. and valued by employers worldwide and • Available for series assessment only. recognised by professional bodies. This qualification will enhance the numeracy skills and knowledge of students, a requirement of employers, allowing them to handle, understand and interpret business data.

24 Quantitative qualifications qualifications, the Pearson CCIL Level 3 LCCI Level 3 Certificate in Business Statistics (VRQ) qualification allows progression to more Certificate in Business advanced administrative, business and Statistics (VRQ) management qualifications and supports progression into the job market in areas such as forecasting, data collection and analysis, finance and accountancy. Launched in 2015 This qualification will give students a suitable Product code: ASE20100 foundation for first year undergraduate programmes in business, finance and related fields. It will give students an appreciation Aims and understanding of data analysis, including The Pearson LCCI Level 3 Certificate in its limitations, in a business and finance Business Statistics (VRQ) qualification is for environment. students who work in, or who want to work in, business and research environments. This qualification builds on knowledge and Syllabus topics skills acquired from the Pearson LCCI Level Management Information: The External and 2 Certificate in Business Statistics (VRQ) Internal Business Environment qualification. Students will be aiming for a career in business and finance where they • Data collection will be sourcing and analysing business • Descriptive statistics related data. Students should have a level of English sufficient to evaluate and explain the Business Planning Models appropriateness of methods and outcomes. • Correlation and regression • Time based data This qualification will enable students to apply statistical techniques to business Risk Management and Business Decision data in order to plan and control business Making operations, evaluate and manage risk and • Probability, including the normal support the decision-making process. distribution Students will gain an understanding of the • Estimation and confidence intervals basic concepts of statistical problem solving • Significance testing in business situations, develop knowledge, understanding and skills of statistical • Chi squared test methods and concepts and in probability, Quality Assurance and Control including an awareness of the potential and limitations of data and methods. • Quality control

Students will develop a critical perspective on Assessment statistics, including recognition of collection errors, misleading forms of presentation, • One written externally set and marked improper analysis and invalid inferences and conclusions. Students will be encouraged paper, consisting of 100% of the overall to actively engage in the process of enquiry, grade of the qualification. communicate clearly using standard • Assessment construction – examination statistical conventions and notations and develop as effective and independent consisting of five questions. The students. questions comprise short open response, calculations, chart/diagram construction/ The Pearson LCCI Level 3 Certificate in Business Statistics (VRQ) qualification drawing and chart/diagram interpretation and legacy qualification are established questions. and valued by employers worldwide and • The examination will be 3 hours. recognised by professional bodies. This • Available for series assessment only. qualification will enhance students’ statistical knowledge and abilities, a requirement of employers, enabling them to handle, UCAS points understand, analyse, and interpret business data and question statistical method and We have UCAS points for this qualification to models. aid progression to Higher Education.

Together with other Pearson LCCI Level Information on the tariff points awarded can 3 business, accounting and finance be found at www.ucas.com.

Quantitative qualifications 25 Teach Pearson LCCI

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