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Pearson Qualifications

International
One90 High Holborn
London
WC1V 7BH
United Kingdom
www.pearson.com/uk

LCCI Financial and Quantitative Update


15th November 2014
Dear Colleague,
You may recall that we wrote to you back in July, to inform you of our redevelopment plans for
the financial and quantitative suite.
Following on from your feedback, we are pleased to update you on the redevelopment progress
and our plans to push back on the withdrawal of the existing qualifications.
In this update, you will also find information on the following key areas:

Extension for existing qualifications page 2


New qualifications - page 3
Withdrawal of existing diplomas page 4
New diplomas - page 5

We will be in touch soon via our quarterly newsletter which we will be re-launching at the end of
this month with detailed information on the training and resources that will be available for you
during the redevelopment. In the meantime we have updated some Frequently Asked Questions
enclosed with this letter to answer any immediate questions you may have.
Weve also updated the redevelopment timeline to assist you with your planning enclosed with
this letter.
If you would like to keep up to date with all the latest news about LCCI International
Qualifications, please subscribe by emailing us at lcci@pearson.com
Your Regional Development Manager will be your first option of contact. Alternatively, you can
also contact our customer support on +44 (0) 120 477 0696 or by emailing them at
pqs.internationaleo@pearson.com
We thank you for your continued support during this redevelopment period.
Yours sincerely,

Louise Richardson,
Head of Product Portfolio and Customised Solutions
1

Extension for the availability of existing qualifications


We have listened to your recent feedback and we are pleased to confirm the extension for the
current financial and quantitative qualifications (as detailed below). This means that your
learners will now have in most instances until December 2015 for on-demand exams and the
last series exams in April 2016.
Subject
code

Existing titles

Last exam On-demand

Last exam series

ASE1017

ASE2007

Pearson LCCI Level 1 Certificate


in Book Keeping (VRQ)

Dec 2015

Pearson LCCI Level 2 Certificate


in Book Keeping & Accounts
(VRQ)
Pearson LCCI Level 2 Certificate
in Book Keeping & Accounts (IAS)
(VRQ)
Pearson LCCI Level 2 in Cost
Accounting
Pearson LCCI Level 2
Computerised Book-Keeping Skills
Pearson LCCI Level 2 Business
Statistics
Pearson LCCI Level 3 Certificate
in Accounting (VRQ)

Dec 2015

Dec 2015

Apr 2016*
(only series in
2016)
Apr 2016*
(only series in
2016)
Not Applicable

Dec 2015

Not Applicable

30/06/2016

Dec 2015

Not Applicable

30/06/2016

Dec 2015

Nov 2015*

30/06/2016

Dec 2015

31/10/2016

ASE3902

Pearson LCCI Level 3 Certificate


in Accounting (IAS) (VRQ)

Dec 2015

ASE3017

Pearson LCCI Level 3 Cost


Accounting

Dec 2015

ASE3024

Pearson LCCI Level 3


Management Accounting

Dec 2015

ASE20055

Pearson LCCI Level 3 Certificate


in Computerised Accounting Skills
(VRQ)
Pearson LCCI Level 3 Business
Statistics

Dec 2015

Apr 2016*
(only series in
2016)
Apr 2016*
(only series in
2016)
Apr 2016*
(only series in
2016)
Apr 2016*
(only series in
2016)
Not Applicable

Apr 2016*
(only series in
2016)
Not Applicable

31/10/2016

ASE20050

ASE2017
ASE20054
ASE2009
ASE3012

ASE3009

ASE4502

Dec 2015

Pearson LCCI Level 4 Financial


Dec 2015
Accounting
ASE4902
Pearson LCCI Level 4 Financial
Dec 2015
Not Applicable
Accounting (IAS)
(* three series will also be available in 2015 for these titles as planned)

Final
certification
End date
31/10/2016

31/10/2016

30/06/2016

31/10/2016

31/10/2016

31/10/2016

30/06/2016

30/06/2016
30/06/2016

Introduction of new qualifications


As we mentioned in the July update, the following new Financial and Quantitative qualifications
will be available for first teaching from 1st January 2015 (subject to Ofqual accreditation), please
refer to the table below.
Title
Pearson LCCI Level 1 Certificate in Book-Keeping (VRQ)
Pearson LCCI Level 2 Certificate in Book-Keeping &
Accounting (VRQ)
Pearson LCCI Level 2 Certificate in Cost and Management
Accounting (VRQ)
Pearson LCCI Level 2 Award in Computerised BookKeeping# (VRQ)
Pearson LCCI Level 2 Certificate in Business Statistics
(VRQ)
Pearson LCCI Level 3 Certificate in Financial Accounting
(VRQ)
Pearson LCCI Level 3 Certificate in Cost and Management
Accounting (VRQ)
Pearson LCCI Level 3 Certificate in Business Statistics
(VRQ)
Pearson LCCI Level 4 Certificate in Financial Accounting
(VRQ)
Pearson LCCI Level 4 Certificate in Management
Accounting (VRQ)
Pearson LCCI Level 4 Certificate in Organisational
Behaviour and Performance (VRQ)

First series assessment


June 2015
June 2015
June 2015
June 2015
June 2015
September 2015
September 2015
September 2015
September 2015
September 2015
September 2015

#Level 2 Award in Computerised Book-Keeping will only available at Level 2. However this will
be an option in both new Level 2 and Level 3 Diplomas.

Withdrawal of existing Diplomas


As we also stated in the July update, we will be phasing out all the current finance and
accounting diploma titles over the next 24 months and replacing them with a rationalised
number of new diplomas (see the following pages for further details).
Diploma code

Level

Diploma title

Diploma eligibility
Entry end date
DIPAF3
3
Specialised Diploma in Accounting & Finance
All subjects must be
DIPMA3
3
Specialised Diploma in Managerial Accounting entered before April
2016 (with all
DIPCA3
3
Specialised Diploma in Cost Accounting
components to be
DIPBMA3
3
Specialised Diploma in Business Management
completed within 6
& Accounting
months)
DIPMANACC07
3
Group Diploma in Management Accounting
All subjects must be
entered before April
DIPACC07
3
Group Diploma in Accounting
2016 (all components
DIPCOASTACC07
3
Group Diploma in Cost Accounting
to be completed
within 3 months)
DIPCOMACC2
2
Diploma in Computerised Accounting
All subjects must be
entered before April
DIPBKACC2
2
Diploma in Book-Keeping & Accounts
2016 (all components
DIPCOMACC07
3
Diploma in Computerised Accounting
to be completed
DIPFA4
4
Diploma in Accounting & Finance
within 24 months
between May 2014
and April 2016)
Please note: All Cash-In applications for above existing diplomas must be completed within 12
months before March 2017.
The following optional qualifications within all the diplomas are no longer available, so please
note that if your learners have completed these successfully and wish to claim the diplomas this
will be allowed as per the diploma Cash-In guidelines.
Subject title

Level

ASE20052

Level 2

ASE20056
ASE20057

Level 3
Level 3

ASE20059
ASE20060
ASE20061
ASE20073
ASE1004
ASE2004
ASE3004
ASE2407
ASE3407
ASE3309
ASE3008
ASE2018
ASE3018
ASE3026
ASE2074
ASE3002

Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level
Level

3
3
2
2
1
2
3
2
3
3
3
2
3
3
2
3

Award title
Award in Preparing Financial Statement for a
Sole Trader
Award in Understanding Financial Statements
Award in Introduction to Business Strategy &
Planning
Award in Principles & Practice of Costing
Award in Principles of Auditing
Award in Principles of Credit Management
Certificate in Business Principles & Practice
Audio Transcription
Audio Transcription
Audio Transcription
Business Administration
Business Administration
Business Practice
Business & Industrial Administration
eCommerce
eCommerce
Internet Marketing
Text Production
Advertising

Certificate
end date
September 2015
September 2015
September 2015
September 2015
September 2015
September 2015
September 2015
April 2014
April 2014
April 2014
April 2014
April 2014
June 2012
April 2014
April 2014
April 2014
April 2014
June 2012
April 2014
4

Introduction of new diplomas for the new qualifications


The key component subjects of new diplomas will be ready for first teaching from January 2015
onwards. These diplomas will replace existing titles that will be phased out from 2016 onwards.
Only the new financial qualifications will be accepted for the core component of the new diploma
structure, therefore it is essential to consider the last assessment opportunity for the
qualifications when planning existing diploma programmes to ensure your learners are
certificated.
Whilst we are rationalising the number of diplomas offered in the suite, learners will have longer
time to complete these (i.e. within 24 months).
New diploma title

Structure

Level 2 Diploma in
Book-Keeping &
Accounting

Core subject (one subject only)


Pearson LCCI Level 2 Certificate in Book-Keeping
& Accounts (VRQ)

Qualifying
period
24 months

And Optional subject (at least two from the


following)
Pearson LCCI Level 2 Certificate in Computerised
Book-Keeping (VRQ)
Pearson LCCI Level 2 Certificate in Cost &
Management Accounting (VRQ)
Pearson LCCI Level 2 Certificate in Business
Statistics (VRQ)
Pearson LCCI Level 2 Business Calculations
Level 3 Diploma in
Accounting & Finance

Core subject (two subjects only)


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

24 months

And Optional subject (at least one from the


following)
Pearson LCCI Level 2 Certificate in Computerised
Book-Keeping (VRQ)
Pearson LCCI Level 3 Certificate in Business
Statistics (VRQ)
Pearson LCCI Level 3 Advanced Business
Calculations
Pearson LCCI Level 3 Award Professional Ethics in
Accounting & Finance (QCF)
Level 4 Professional
Diploma in Accounting
& Finance

Core subject (three subjects only)


Pearson LCCI Level 4 Certificate in Financial
Accounting (VRQ)
Pearson LCCI Level 4 Certificate in Management
Accounting (VRQ)
Pearson LCCI Level 4 Certificate in Organisational
Behaviour & Performance (VRQ)

24 months

*Optional top-up with following optional subjects:


Pearson LCCI Level 4 Legal Environment
Pearson LCCI Level 4 Award in Islamic Finance
and Business (QCF)
Pearson LCCI Level 4 Certificate in Applied
Business Economics (QCF)
5

*Please note: A minimum of 3 core subjects are required in order to qualify for a Level 4
Professional Diploma in Accounting & Finance. For the benefit of local or international
progression path towards professional bodies and universities, training providers are encouraged
to add top up subjects in their course planning.