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The Qualifications and Credit Framework (QCF) was the national credit transfer system for education qualification in England, Northern Ireland and Wales between September 2011 and October 2015. [1] The replacement was the Regulated Qualification Framework .
It used the same levels as the (post 2004) NQF and the current RQF, but differed from the NQF in that in addition to qualifications being assigned a level they were assigned a credit value, indicating their size. The QCF had prescriptive rules on qualification design and assessment; a review in 2014 found that "the rules placed too much focus ...
The Qualification and Credit Framework was abolished in 2016. AIA Level 5 Certificate in Accountancy (QCF) is based on the AIA Foundation Level papers and is the equivalent level of a Diploma in Higher Education. AIA Level 6 Graduate Diploma in Accountancy (QCF) is based on the AIA Professional Level 1 papers and is set at bachelor's degree level.
The current national qualifications frameworks in the UK are: England: Regulated Qualifications Framework (RQF) for general and vocational qualifications regulated by Ofqual; Northern Ireland: Council for the Curriculum, Examinations and Assessment (CCEA) Wales: Credit and Qualifications Framework for Wales (CQFW) for all qualifications.
Many job advertisements for accountants in the United Kingdom therefore specify 'CCAB qualified' as though it was a specific qualification rather than a group of qualifications. In practice some employers use the term as shorthand for 'professional accountant' and might consider members of non-Chartered bodies or overseas equivalents.
These qualifications are intended for secondary school students age 16 to 18 who want to study a practical, work-related curriculum. [2] In the UK's Qualifications and Credit Framework ( QCF ) a Tech Level 2 qualification is equivalent to a GCSE , and a Level 3 is equivalent to an A Level . [ 3 ]
The list of appropriate qualifications is determined by the Financial Services Skills Council at the behest of the FCA. Up to the end of 2012 all financial advisers only required a qualification at Level 3 or above of the Qualifications and Credit Framework. From the end of 2012, financial advisers will need to be qualified at Level 4 or above.
The UK Office of Qualifications and Examinations Regulation (Ofqual) regulates all three Delta modules at Level 7 of the Qualification and Credit Framework (QCF) for England, Wales and N. Ireland – the same level as a master's degree or a professional diploma in the European Union. [27]