Pearson LCCI Financial and Quantitative – 2017 developments

This year, we are pleased to announce three newly redeveloped qualifications to the LCCI Financial and Quantitative suite:

  • Pearson LCCI Level 2 Certificate in Business Calculations
  • Pearson LCCI Level 3 Certificate in Advanced Business Calculations
  • Pearson LCCI Level 3 Award in Computerised Accounting.


These qualifications have been reviewed and brought in-line with the rest of the suite, which was relaunched in 2015. This means that they use positive marking and are structured around a number assessment objectives designed to meet learners’ needs.

The assessment have also been designed to bring in realistic scenarios, to ensure that learners can see how the skills they are developing apply in the real world. When combined with the other Financial and Quantitative qualifications to form a diploma, these qualifications also enhance the learner’s broad finance skills and extends their employability beyond pure bookkeeping and accounting roles.

Please note: Specifications and SAMs will be available very soon.

New qualifications overview

Pearson LCCI Level 2 Certificate in Business Calculations

This qualification will allow learners to develop the necessary skills to enable them to manually complete a range of business calculations, which replicate those that might be required in the workplace when working at operational level in an accounting and finance-related role.

When used in combination with the other Level 2 Financial and Quantitative qualifications in order to gain the Level 2 Diploma, it also provides a good foundation in business accounting, which is ideal for those who are starting their own businesses.

The qualification covers the following eight topics:

  • the small business
  • wages, salaries and commission
  • partnerships
  • business trading documents
  • foreign currencies
  • hire purchase and leasing
  • simple and compound interest
  • averages.

They topics have been included in the qualification because they are the fundamentals required by a wide range of businesses across different sectors.

Pearson LCCI Level 3 Certificate in Advanced Business Calculations

As with the Level 2, this qualification is designed to support the development of skills to manually complete a range of business calculations. However the Level 3 is designed for those who are or are aspiring to work at officer/executive level.

When combined other Level 3 Financial and Quantitative qualifications, it is an ideal foundation for small business owners who are looking to expand their operations.

The qualification covers the following topics:

  • business ownership
  • profitability and liquidity
  • depreciation of business assets
  • investment appraisal
  • resource management
  • developing international trade
  • simple and compound interest
  • index numbers.

The Level 3 can work either as a progression from the Level 2, or as a standalone for more experienced employees and business owners who already have the skills and knowledge taught through the Level 2 qualification.

Pearson LCCI Level 3 Award in Computerised Accounting

This qualification will allow learners to develop the necessary skills to enable them to complete a range of advanced computerised accounting functions, as part of their roles as Accounts Officers/Executives.

The qualification covers the following topics:

  • maintaining a business’s accounting data
  • routine transactions
  • non-routine transactions
  • processing journals
  • management reports and reporting
  • data security and the accounting environment.

This qualification is not designed to test basic accounting skills and knowledge, but instead shows that learners can apply these effectively using computerised accounting software. In this way, it works well as a companion to the LCCI Level 3 accounting qualifications. It is also not designed to test the basics operations of computerised accounting software, as these are covered by the Level 2.

The Level 3 is for those who already have the capabilities outlined in the Level 2 specification.

Financial and Quantitative Suite 2015 updated qualifications