OTHM Level 3 Foundation Diploma in Accountancy (60 Credit)

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About Course

Credits Awarding body Course Code Delivery mode
120 OTHM, UK – an Awarding body by the UK Government’s regulator – OfQual. 603/3811/8 Online

Overview

The Level 3 Foundation Diploma in Accountancy is a comprehensive program designed to provide learners with a solid foundation in the field of accountancy. This diploma course covers essential topics such as financial accounting, management accounting, bookkeeping, and business mathematics. Students will develop practical skills in recording financial transactions, preparing financial statements, and analyzing financial data. The course aims to equip individuals with the knowledge and skills necessary to pursue entry-level positions in accounting or progress to further education in accountancy. Graduates will have a strong understanding of basic accounting principles and be prepared for junior roles in accounting departments or bookkeeping positions.

Entry requirements

The Learners must possess –

  • There are no formal requirements for specific prior qualifications or levels of attainment.
  • Learner must be 16 years or older at the beginning of the course

Units covered

Mandatory units

  • Recording Financial Transactions (20 credits)
  • Management Information (20 credits)
  • Maintaining Financial Records (20 credits)

Payment plans

1. Option 1: (£300.00 +1.5% transaction fee) and get a 5% discount on the total fee when you pay in full.

To pay in installments please Contact us.

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Course Content

Unit 1 : Recording Financial Transactions
The aim of this unit is to give learners a basic understanding of how to record financial transactions. The unit covers what is needed to record financial transactions accurately and completely, for example source documents. Finally, the unit explores how income and expenditure is classified and managed.

  • Lecture 1
    00:00
  • Handbook
    00:00
  • Assignments

Unit 2 : Management Information
The aim of this unit is to develop learners’ awareness of aspects of cost and management accounting, including the purpose of management information. The unit introduces the use of ICT in the recording of management information, including its advantages and disadvantages.

Unit 3 : Maintaining Financial Records
The aim of this unit is to provide learners with an understanding of why financial records need to be kept. The learner will develop the ability to use the double-entry system of bookkeeping and to prepare a three-column cash book and a bank reconciliation statement.