OTHM Level 3 Foundation Diploma in Accountancy

Inspire London College Ltd

Assignment based assessment

Included in course price

Course Outline - Accountancy

The OTHM Level 3 Foundation Diploma in Accountancy consists of 3 mandatory units for a combined total of 60 credits, 600 hours of Total Qualification Time (TQT) and 240 Guided Learning Hours (GLH) for the completed qualification.

Qualification Accreditation Number (QAN): (603/3811/8)

• Delivered 100% online
• Program available to UK, EU and International students

Mandatory Modules - Accountancy

R/617/3339 - Recording Financial Transactions

L/617/3338 - Management Information

J/617/3337 - Maintaining Financial Records

Learning Outcomes

Learners studying for the OTHM Level 3 Foundation Diploma in Accountancy will be expected to develop the following skills during the programme of study:

• Understand the need to record financial transactions.
• Be able to prepare source documents and Books of Prime (Original) Entries to record financial transactions.
• Understand the classification and management of income and expenditure.
• Understand the nature of cost and management accounting.
• Be able to account for labour costs.
• Understand the use of Information and Communication Technology (ICT) in recording management information.
• Understand the role and application of accounting concepts.
• Be able to use the double-entry system of bookkeeping.
• Be able to prepare a three-column cash book.
• Be able to prepare a bank reconciliation statement.

Assessment

All units within accountancy courses UK online are internally assessed by Inspire London College and externally verified by OTHM. The qualifications are criterion referenced based on the achievement of all the specified learning outcomes.

To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria.

The Assessor judges that the learners have successfully fulfilled the assessment criteria.

Accreditation

OTHM Qualifications are approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation). Visit the Ofqual Register of Regulated Qualifications.

OTHM has a progression arrangement with several UK universities that acknowledges learners’ ability after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top-up and Master’s/top-up programmes.

Certification

OTHM Qualifications (Awarding Body) only issues verifiable certificates and Transcripts electronically and securely in PDF format (without additional charges).

If you want a hard copy of the Certificate and Transcript, you can claim it by paying an extra fee:

• Certificate and Transcript + Standard postage charges local = £60
• Certificate and Transcript + Standard postage charges International = £70
• Certificate and Transcript + Courier Services charges International = £100

FAQs:

Is this qualification recognised?

Yes. The qualification is awarded by OTHM and regulated by Ofqual (UK), ensuring national and international recognition by employers and education providers.

Can I study the OTHM Level 3 Foundation Diploma in Accountancy online?

Yes. This is 100% online accounting course, allowing UK and international students to study flexibly from anywhere in the world.

How long does it take to Complte the OTHM Level 3 Foundation Diploma in Accountancy?

This is self-paced online accounting qualification. Most learners complete the course within 6 to 12 months, depending on study time and commitment.

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OTHM Level 3 Foundation Diploma in Accountancy

This course is also particularly suitable for learners who have completed or are progressing from AAT qualifications, such as the AAT Access Award in Bookkeeping (Level 1), AAT Access Award in Business Skills (Level 1), AAT Level 2 Certificate in Accounting, AAT Level 2 Certificate in Bookkeeping, or the AAT Foundation Certificate in Bookkeeping (Level 2), and who wish to advance their studies toward Level 3 accounting and finance qualifications, including AAT Level 3 pathways.

Successful completion of the OTHM Level 3 Foundation Diploma in Accountancy provides learners with the opportunity for academic progressions to a wide range of undergraduate programmes, including the Level 4 Diploma in Accounting and Business or employment.

OTHM Level 3 Foundation Diploma in Accountancy

The accountancy qualifications UK has been designed to be accessible without artificial barriers restricting access and progression. For entry to the accountancy training course, learners will be expected to hold the following:

• Learner must be aged 18 or above
• Good understanding of ICT
• Learners wishing to study and are non-native English speakers must have a minimum level of English language competency*
• Sufficient capability at the right level to undertake the learning and assessment criteria

• Account Assistant – ≈ £22,000 to £30,000 per year

• Account Auditor / Junior Auditor – ≈ £24,000 to £35,000 per year

• Junior Management Accountant – ≈ £27,000 to £38,000 per year

• Financial Administrator – ≈ £23,000 to £32,000 per year

• Account Co-ordinator – ≈ £24,000 to £33,000 per year

• Budget Analyst Assistant – ≈ £28,000 to £40,000 per year

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