OTHM Level 3 Foundation Diploma in Accountancy


OTHM Level 3 Foundation Diploma in Accountancy helps the learner to gain basic knowledge about the accounting framework. It enables the learners to pursue higher education in accounting. This course helps to acquire the necessary skills needed for the positions of manager. This qualification gives learner an idea about how to manage capital and cash flow at business.

After the completion of this course, the learner can qualify for the next level. Qualification awarded by OTHM at RQF Level 3 represents practical knowledge, skills, capabilities, and competencies that are assessed in academic terms as being equivalent to GCE AS/A Levels.

  • Learners get basic understanding of how to record financial transactions.
  • Learners get to know what is needed to record financial transactions accurately and completely.
  • Exploring how income and expenditure is classified and managed.
  • Accounting approaches utilised for items of capital and revenue expenditure and income.
  • Preparing principal source documents and Books of Prime (Original) Entry for business transactions.
  • Are you aspiring to have a career in a range of organisations in relation to financial management and accountancy? Then, OTHM Level 3 Foundation Diploma in Accountancy is the ideal starting point for your career journey.
  • Remember! The assessment for the qualification is done based on assignments only, and you do not need to worry about writing any exam.
  • With the School of Business and Technology London, you can complete the qualification at your own pace choosing online or blended learning from the comfort of your home. 
  • Learning and pathway materials and study guides developed by our OTHM approved tutors who would be available around the clock in our cutting-edge learning management system. 
  • Most importantly, at the School of Business and Technology London, we will provide you with comprehensive tutor support through our dedicated support desk. 
  • If you choose your course with blended learning, you will also enjoy live sessions with an assigned tutor, which you can book at your convenience.

The OTHM Level 3 Foundation Diploma in Accountancy can open many career pathways including, but not limited to:

  • Budget analyst; with an estimated average salary of £42,100 per annum
  • Public accountant; with an estimated average salary of £20,265 per annum
  • Accounting assistant; with an estimated average salary of £23,250 per annum
  • Accounting clerk; with an estimated average salary of £30,566 per annum
  • Book keeping assistant; with an estimated average salary of £20,967 per annum 

OTHM is an established and recognised Awarding Organisation (Certification Body) launched in 2003. OTHM has already made a mark in the UK and global online education scenario by creating and maintaining a user-friendly and skill based learning environment. OTHM has both local and international recognition which aids OTHM graduates to enhance their employability skills as well as allowing them to join degree and/or Master top-up programmes.

OTHM qualifications has assembled a reputation for maintaining significant skills in a wide range of job roles and industries which comprises Business Studies, Leadership, Tourism and Hospitality Management, Health and Social Care, Information Technology, Accounting and Finance, Logistics and Supply Chain Management.

  • Time-constrained scenario-based assignments
  • No examinations
  • Learners must be 16 years or more
  • International students whose first language is not in English, they will need to have score of 5.5 or above in IELTS Examination or equivalent.

 

Learners completing the OTHM Level 3 Foundation Diploma in Accountancy will allow progress to :

  • Wide range of undergraduate programmes including OTHM Level 4 Diploma in Accounting and Business.
  • Quality, Standards and Recognitions- OTHM qualifications are approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation) hence the learners can be very confident about the quality of the qualifications as well.
  • Career Development to increase credibility with employers- All OTHM qualifications are developed to equip learners with the skills and knowledge that every employer is looking for. The learners pursuing an OTHM qualification will obtain an opportunity to enhance knowledge and grow key competencies to tackle situations and work projects more effectively which will in turn gives learners the potential to get promotion within workplace. Alternatively, it allows them to progress onto a MBA top-up/ Bachelor degree / Master degree programmes around the World.
  • Flexible study options- All OTHM qualifications has a credit value which tells you how many credits are awarded when a unit is completed. The credit value will give an indication of how long it will normally take you to prepare for a unit or qualification.

Three different types of qualification are:

  • Award is achieved with 1 – 12 credits
  • Certificate is achieved with 13 – 36 credits
  • Diploma is achieved with at least 37 credits

 

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

Learners must request before enrolment to interchange unit(s) other than the preselected units shown in the SBTL website because we need to make sure the availability of learning materials for the requested unit(s). SBTL will reject an application if the learning materials for the requested interchange unit(s) are unavailable.

Learners are not allowed to make any request to interchange unit(s) once enrolment is complete.


Reference No : R/617/3339

Credit : 20 || TQT : 200

The aim of this unit is to give learners a basic knowledge 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.

Reference No : L/617/3338

Credit : 20 || TQT : 200

The units aims 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.

Reference No : J/617/3337

Credit : 20 || TQT : 200

This unit aims 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.

Delivery Methods

School of Business & Technology London provides various flexible delivery methods to its learners, including online learning and blended learning. Thus, learners can choose the mode of study as per their choice and convenience. The program is self-paced and accomplished through our cutting-edge Learning Management System. Learners can interact with tutors by messaging through the SBTL Support Desk Portal System to discuss the course materials, get guidance and assistance and request assessment feedbacks on assignments.

We at SBTL offer outstanding support and infrastructure for both online and blended learning. We indeed pursue an innovative learning approach where traditional regular classroom-based learning is replaced by web-based learning and incredibly high support level. Learners enrolled at SBTL are allocated a dedicated tutor, whether online or blended learning, who provide learners with comprehensive guidance and support from start to finish.

The significant difference between blended learning and online learning methods at SBTL is the Block Delivery of Online Live Sessions. Learners enrolled at SBTL on blended learning are offered a block delivery of online live sessions, which can be booked in advance on their convenience at additional cost. These live sessions are relevant to the learners' program of study and aim to enhance the student's comprehension of research, methodology and other essential study skills. We try to make these live sessions as communicating as possible by providing interactive activities and presentations.

Resources and Support

School of Business & Technology London is dedicated to offering excellent support on every step of your learning journey. School of Business & Technology London occupies a centralised tutor support desk portal. Our support team liaises with both tutors and learners to provide guidance, assessment feedback, and any other study support adequately and promptly. Once a learner raises a support request through the support desk portal (Be it for guidance, assessment feedback or any additional assistance), one of the support team members assign the relevant to request to an allocated tutor. As soon as the support receives a response from the allocated tutor, it will be made available to the learner in the portal. The support desk system is in place to assist the learners adequately and streamline all the support processes efficiently.

Quality learning materials made by industry experts is a significant competitive edge of the School of Business & Technology London. Quality learning materials comprised of structured lecture notes, study guides, practical applications which includes real-world examples, and case studies that will enable you to apply your knowledge. Learning materials are provided in one of the three formats, such as PDF, PowerPoint, or Interactive Text Content on the learning portal.

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