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Originally, the framework only went up to Level 5, but in 2004 the old Level 4 was subdivided into Levels 4, 5 and 6 and the old Level 5 was subdivided into Level 7 and Level 8. [26] This allowed the NQF to better align with its equivalent for higher education, the FHEQ.
CIMA is the largest and the oldest management accounting body in the world, with 115,000 members and 6,500 CGMA students in 2020. [3] The Chartered Global Management Accountant qualification has the academic standing of a master's degree in the UK (recognised at Level 7 by NARIC). [4]
A national qualifications framework (NQF) is a formal system describing qualifications. 47 countries participating in the Bologna Process are committed to producing a national qualifications framework. Other countries not part of this process also have national qualifications frameworks.
Membership (MCGI) is placed on NQF level 7, and Fellowship (FCGI) on level 8, [6] compared by OFQUAL to NVQs of level 5. [7] City & Guilds itself ties each NVQ to the level on the NQF with the same number. [6] Both Graduateship (GCGI) and Associateship (ACGI) have been awarded, before the year 2004, at level 5 of NVQ.
There are four forms of regulated profession in the UK, with respect to the European directives on professional qualifications: professions regulated by law or public authority; professions regulated by professional bodies incorporated by royal charter; professions regulated under Regulation 35; and the seven sectoral professions with harmonised training requirements across the European Union. [5]
The AAT Intermediate NQF Level 3 qualification (SCQF Level 6 in Scotland) is approved for the University entrance system with a value of up to 56 UCAS tariff points. [15] This is also included in the KS5 performance tables. The final AAT qualification, the AAT Advanced Level is equivalent to QCF Level 4 and SCQF Level 8. [16]
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