OTHM Level 3 Foundation Diploma in Accountancy

OTHM Level 3 Foundation Diploma in Accountancy, RQF Level 3, Ofqual Regulated Qualification, Online Self paced, Assignment base Assessment included

Have you ever thought of starting the path to a fulfilling career in accounting?

With the OTHM Level 3 Foundation Diploma in Accountancy, you may start your path with a thorough program that will provide you with a solid foundation in accounting principles and procedures. This course is designed to give you the fundamental information and abilities needed to succeed in the accounting industry.

The OTHM Level 3 Foundation Diploma in Accountancy is aimed at those who want to study for a foundation degree in accounting. Level 3 Foundation Diploma in Accountancy has been developed to provide a route that will enable you to gain the knowledge they need to succeed in their chosen profession.

This Foundation Diploma in Accountancy prepares you for entry-level positions in the field of accounting and helps them develop the essential skills employers require. You will understand key financial reporting, accounting management, and how to maintain financial records. Moreover, you will also be able to apply these concepts through case studies, examinations and assignments.

You will study basic ideas as you progress through the course, covering everything from business mathematics and economics to financial accounting and management accounting. In addition to providing you with theoretical knowledge, the OTHM Level 3 Foundation Diploma in Accountancy places a strong emphasis on practical application, making you well-equipped to handle accounting difficulties that arise in the real world.

Whether you aspire to kickstart a career in accountancy or enhance your existing skills, this qualification offers a structured and accredited pathway.

So what are you waiting for? Enrol in this course now!

Course Outline

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

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

OTHM Level 3 Foundation Diploma in Accountancy

The objective of the OTHM Level 3 Foundation Diploma in Accountancy is to provide learners with a foundation for a career in various organisations concerning financial management and accountancy. It is designed to ensure that each learner is equipped with accountancy knowledge and the skills to adapt rapidly to change and progress with their learning.

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

OTHM Level 3 Foundation Diploma in Accountancy

Upon successful completion of the OTHM Level 3 Foundation Diploma in Accountancy, individuals can explore various career paths within the field of accountancy:

• Account Assistant
• Account Auditors
• Junior Management Accountants
• Financial Administrators
• Account Co-Ordinator
• Budget Analyst Assistant

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