Chief Examiner Statement
The transition to a new electronic version of the IAB LCCI exams has not compromised the rigour and quality that the written exam has always upheld.
Despite the format change, the level of knowledge and calibre expected remains unaffected.
Previously, candidates were given 3 hours to complete the written exam, but with the reduction in the need for hand-written responses, the new electronic version allows completion within a maximum of 2 hours.
It's important to note that even though the response mechanism has changed, there will still be a need for a constant pace during the exam. The complexity of the questions will demand substantial thinking time, ensuring that the exam remains a robust and highly credible assessment.
1. Examination Information
- IAB LCCI will produce videos to provide guidance to centres and students on how to login and use the platform. Once the online resources are set up, all centres will be given a login to the platform to access the example papers and other information.
- LCCI Textbooks published by Pearson are still relevant for 2024 examinations and should continue to be used as a guide in teaching or training until further notice.
2. Results, appeal, resit & certification
- The online examination RESULTS will be released in 10 weeks.
- IAB will update centres on the results via the online platform. You will need to use your log-in to access this communication.
- Re-sit for the examination is allowed with full examination fees.
- Centres and students can download the software of the results and certificates via online login. The hard copy of the certificates will be delivered to centres. Learners are required to contact their centre after 4 weeks of the result being released.
- The grading of the result will be: Fail 0%-59%, Pass 60%-69%, Pass with Merit 70%-89%, Pass with Distinction 90%-100%
3. IT Requirements
- IAB LCCI accredited centres must have a computer lab or classroom with basic computer facilities. The basic computing requirements are windows 10 or higher, 8GB RAM or more, with internet access but no server requirements.
- Centres are required to have sufficient 300mps internet speed to be able to host the cloud based online examination.
- Learners must use the computer provided by the centre; no personal laptop or computer is allowed.
4. Examination Policies
- Internal Inspector - An appointed internal inspector is required to be present for the examination to ensure the exam is conducted appropriately and to make sure learners do not bring in any notes etc to the examination centre.
- The centre will nominate an internal inspector(s) subject to the approval of IAB LCCI.
5. Awarding Policies
- Upon completion of the transition with Pearson on 1 Oct 2023, all Pearson LCCI certificate holders or IAB LCCI certificate holders will be given a grace period of 5 years to apply for combination award of diploma. This means, graduates of LCCI in 2018 and after will have a golden opportunity to apply for award of diploma.
- To be eligible for a diploma, learners must have passed 3 subjects over the last 5 years in Pearson or IAB LCCI examinations. Learners must apply for the diploma via the approved/accredited learning centre.
- The following diplomas are offered: Level 3 Diploma in Accounting & Finance, Level 3 Diploma in Cost & Management Accounting, Level 2 Diploma in Bookkeeping & Accounting
- IAB LCCI Diplomas:
- Level 3 Diploma in Accounting and Finance: Level 3 Certificate in Accounting + any 2 of the following three subjects; Level 3 Certificate in Business Statistics, Level 3 Certificate in Cost and Management Accounting or Level 3 Certificate in Advance Business Calculations.
- Level 3 Diploma in Cost and Management Accounting: Level 3 Certificate in Cost and Management Accounting + any 2 of the following three subjects; Level 3 Certificate in Accounting, Level 3 Certificate in Business Statistics or Level 3 Certificate in Advance Business Calculations.
- Level 2 Diploma in Bookkeeping and Accounting: Level 2 Certificate in Bookkeeping and Accounting + any of the following 2 subjects; Level 2 Certificate in Business Calculations, Level 2 Certificate in Cost Accounting or Level 2 Certificate in Business Statistics.
- Here are examples of the certificates that IAB LCCI will provide, sample certificate and diploma certificate.
