QCF credits : 3, 4, 8

These qualifications are available at levels 1-3, and evaluate the learners' ability to apply, calculate and use numerical skills within a business context.

Areas covered at Level 1 include:

• applying numerical skills to business transactions
• preparing and interpreting business information
• applying numeracy skills to financial activities such as sales tax and trade discount.

Areas covered at Level 2 include:

• preparing budgets
• understanding budget deviations/variances
• liquidity
• preparing costing information for business
• recording stock movements
• principles of credit control
• business performance indicators.

Areas covered at Level 3 include:

• the allocation, apportion and absorption of overhead costs
• variances in standards costing
• using management accounting information for short term and long term decision making and planning.

This qualification is available from 1 September 2008.