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OTHM Level 3 Foundation Diploma in Accountancy

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What you'll learn

The OTHM Level 3 Foundation Diploma in Accountancy aims to provide learners with a strong foundation for a successful financial management and accountancy career across various organisations. This diploma offers comprehensive knowledge of accountancy and equips learners with the skills to adapt quickly to change and advance their learning. Upon completing the Level 3 Foundation Diploma in Accountancy, learners can pursue further studies or enter the workforce to gain relevant work experience.

Key Benefits

  • Recognise the importance of documenting financial transactions.
  • Prepare source documents and original entry books for recording financial transactions.
  • Grasp the categorisation and handling of income and expenses.
  • Comprehend the principles of cost and management accounting.
  • Account for labour costs in financial records.
  • Understand the application of Information and Communication Technology (ICT) in managing financial information.
  • Recognise the significance and practical use of accounting principles.
  • Apply the double-entry bookkeeping system.
  • Create a three-column cash book.
  • Develop bank reconciliation statements.

About Awarding Body

OTHM Qualifications are approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation) and recognised by Qualifications Wales. OTHM qualifications have achieved a reputation for maintaining significant skills in various job roles and industries like Business Studies, Leadership, Tourism and Hospitality Management, Health and Social Care, Information Technology, Accounting and Finance, Logistics and Supply Chain Management. OTHM serves the progression option with several UK universities that acknowledges the ability of learners after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top-up and Master's/top-up programmes.

  • Regulated by ofqual.gov.uk
  • Recognised by World Education Services (WES)

What is Included?

  • Outstanding Tutor Support: EDVORO provides consistent and helpful guidance throughout the course. Learners can seek assistance through the EDVORO Support Desk Portal.
  • Cutting-Edge Learning Management Platform: Access to a modern platform that contains essential learning resources and facilitates communication with the support desk team.
  • Quality Learning Materials include well-structured lecture notes, study guides, and practical applications. Real-world examples and case studies are integrated to help learners apply their knowledge effectively. These materials are available in well-structured pathway books, letter notes, PDF, PowerPoint, or Interactive Text Content formats on the learning portal.
  • Formative Assessment Feedback: Tutors provide feedback on formative assessments, helping learners improve their achievements throughout the program.
  • Summative Assessment feedback: Tutors provide feedback on summative assessments; this kind of feedback can be instrumental in helping students achieve their academic goals.  
  • Accessible Assessment Materials: All assessment materials are conveniently accessible through the online learning platform.
  • Supervision for All Modules: This suggests that oversight and guidance are provided for every module of the course.
  • Multiplatform Accessibility: Learners can access course materials through various devices such as smartphones, laptops, tablets, or desktops. This flexibility allows students to study at their convenience.
  • Limitless Learning Opportunities: EDVORO offers a range of innovative online and blended learning experiences to help learners expand their knowledge.
  • Blended Learning Approach: A blend of online and classroom study for convenience.
  • Convenience, Flexibility, Support, and User-Friendliness: Core principles of online learning at EDVORO

Assessment

  • Assignment based Assessment
  • No exam

Entry Requirements

  • Applicants should have a minimum Level 3 qualification in their area of expertise, preferably at a level higher than their learners.
  • Learners must be 19 or older to enrol.

Progression

  • Completing the OTHM Level 3 Foundation Diploma in Accountancy provides learners the opportunity for academic progressions to various undergraduate programmes, including the OTHM Level 4 Diploma in Accounting and Business.

Why gain Qualification

  • OTHM diplomas offer international recognition, widening global career prospects.
  • They signify a high standard of education, boosting employability and income potential.
  • Programs reviewed by highly qualified experts in the relevant sector.
  • OTHM programs emphasise practical skills, ensuring graduates are job-ready.
  • Flexibility in learning options accommodates diverse schedules and commitments.
  • Industry-specific focus provides in-depth expertise, which is crucial in competitive job markets.
  • Networking opportunities foster valuable professional connections.
  • OTHM offers specialised business diplomas, ideal for aspiring entrepreneurs.
  • OTHM qualifications ease compliance with regulatory requirements in specific fields.
  • OTHM diplomas empower personal and professional growth in today's competitive landscape.
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Course Content

Reference No : R/617/3339

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.

Credit : 20 || TQT : 200

Reference No : L/617/3338

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.

Credit : 20 || TQT : 200

Reference No : J/617/3337

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.

Credit : 20 || TQT : 200

Delivery Methods

The program is delivered by Edvoro, a flagship of the School of Business and Technology London, and awarded by OTHM; Edvoro offers a range of flexible delivery methods to cater to the diverse needs of its learners. These options include online and blended learning, allowing learners to select the mode of study that best suits their preferences and schedules. The program is designed to be self-paced and is facilitated through Edvoro's state-of-the-art Learning Management System.

Edvoro ensures learners can engage with their tutors through the Edvoro Support Desk Portal System. This platform enables learners to discuss course materials, seek guidance and assistance, and request feedback on their assignments, fostering a dynamic and interactive learning experience.

Edvoro stands out by providing exceptional support and infrastructure for online and blended learning formats. We have adopted an innovative approach to learning, replacing traditional classroom-based instruction with web-based learning while maintaining an exceptionally high level of support. Learners who enrol at Edvoro benefit from the dedicated guidance of a tutor throughout their learning journey, ensuring comprehensive support from beginning to end, whether they choose the online or blended learning option.

Resources and Support

Edvoro is committed to providing unwavering support throughout your educational journey. Our dedicated support team is a crucial link between tutors and learners, ensuring that guidance, assessment feedback, and additional study assistance are delivered promptly and effectively. When a learner submits a support request via the support desk portal for advice, assessment feedback, or any other service, one of the support team members assigns the request to an appropriate tutor. Once the support team receives a response from the allocated tutor, the information is promptly made accessible to the learner through the portal. This structured support system is designed to assist learners and streamline support processes efficiently.

Edvoro's competitive edge is enhanced by the high-quality learning materials crafted by industry experts. The learning materials encompass well-structured pathway books, letter notes, practical applications with real-world examples, and case studies that empower learners to apply their knowledge effectively. Learning materials are conveniently accessible in one of three formats, PDF, PowerPoint, or Interactive Text Content, through the learning portal, providing learners with versatile options for accessing and engaging with the content.

Study Options
  • Duration 12 Months
  • Credits 60
  • Accreditation Ofqual.Gov.UK
  • Intake Every Month
  • Study Mode Online / Blended
  • Course Materials: Well Structured
  • All Inclusive Cost Yes
  • Tutor Desk Yes
  • Support Desk Yes
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