Level 3 Foundation Diploma in Accountancy

Level 3 Foundation Diploma in Accountancy
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Level 3 Foundation Diploma in Accountancy

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

Successful completion of the Level 3 Foundation Diploma in Accountancy provides learners with the opportunity to progress to further study or employment.

 

Learning Objectives

At the end of the course, a learner is expected to

  • Understand how to record financial transactions
  • Prepare source documents and Books of Prime (Original) Entry to record financial transactions
  • Understand the nature of cost and management accounting
  • Learner ICT in the recording of management information, including its advantages and disadvantages
  • Develop the ability to use the double-entry system of bookkeeping and to prepare a three-column cash book and a bank reconciliation statement

 

Qualification Accreditation, Recognition and the awarding body 

OTHM Level 3 Foundation Diploma in Accountancy is accredited to UK Regulated Qualifications Framework (RQF) by the Office of the Qualifications and Examinations Regulator (Ofqual) in England and awarded by OTHM Qualifications - A recognised Awarding Organisation. 

  • Accredited to Regulated Qualifications Framework - Level 3
  • Accredited to European Qualifications Framework - Level 4

The Qualification Accreditation Number is 603/3811/8 (Gov.UK)

 

Qualification Structure of Level 3 Foundation Diploma in Accountancy

The course's overall structure is based on the following units covering several topics relating to learning outcomes. Students are required to complete three units to achieve 60 credits. Each unit has 20 credits. 

  1. Recording Financial Transactions (20 credits)
  2. Management Information (20 credits)
  3. Maintaining Financial Records (20 credits)

 

Further Education Progression & UCAS Points

Level 3 Foundation Diploma in Accountancy is suitable for those learners who want to a bachelor degree or Level 4 qualification with Cambridge Management and Leadership School. UCAS Points are 24. 

 

Assessment Methods

Each unit is assessed with an assignment. 

 

Certification

Successful learner will be achieve a regulated Qualification of 60 credits, awarded by OTHM that includes a Certificate and a Transcript to confirm credits and grades. At the end of the qualification, learner will achieve

  • OTHM Level 3 Foundation Diploma in Accountancy

 

Intakes

You can start this course anytime.

 

How to apply?

There are three options to apply for this course. Please choose a suitable option to get registration.

Option 1 –  Click Here to Purchase the course  OR

Option 2Click here to join the course on 5 Months payment plan OR

Option 3Click Here to apply for admission. 

 

Lessons

  1. Study Planner - Foundation Diploma in Accountancy (Level 3)

  2. Unit 01 - 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.
  3. Unit 02 - 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.
  4. Unit 03 - 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.

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