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OTHM Level 3 Foundation Diploma in Accountancy (RQF)

Awarding Body: OTHM

OTHM is an Ofqual regulated Awarding Organisation. This guarantees that all of their qualifications confirm to a high standard.

Unit Structure

Overview

The objective of the Level 3 Foundation Diploma in Accountancy is to provide students with a foundation in Accountancy and financial management that can be transferable across many different industries. This course is designed to ensure that learners are equipped with core knowledge of Accountancy, skills to adapt to rapid change, and that learners get the best progression opportunities possible.

Successful completion of this course provides the students with opportunities to progress further within their organisation or proceed to higher levels of study.

Duration and Delivery

This course is designed to be completed over six months of full-time study. However, as we provide flexible online delivery, you can (with hard work) get this course completed in as little as 2 months. The qualification is delivered through our Virtual Learning Environment.

Assessment and Verification

All units within this course are internally verified by our internal assessors and externally verified by OTHM. This course is criterion-referenced, based on the achievement of specific learning outcomes. To achieve a “PASS” for a unit, a student must show that they meet the learning outcomes and assessment criteria set by OTHM.

Equivalences

The practical skills, knowledge, competences, and capabilities taught in this course course are comparable in academic terms as being equivalent to GCE AS/A Level.

Progression

The successful completion of this qualification provides the opportunities for academic progression to a broad range of undergraduate level programmes including the OTHM Level 4 Diploma in Accounting and Business.

Quick Enquiry

  • Eligibility Criteria

    You should meet the following requirements:
    • OTHM Level 3 Diploma can be offered to students from age 16. We do not specify entry requirements for such qualifications.
    • We ensure that students admitted to the program have enough capability to undertake the assessment and learning criteria.

  • English language requirement

    Learners are expected to have English language proficiency of CEFR Level B2, this can be met in the following way:
    • Native English language speaker
    • IELTS 5.5 or equivalent
    • Last two years of schooling in English
    • Passing our online English language test

Full Payment
Monthly Instalment

Standard

£490
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    12 Months
  • Re-registration charges after Maximum Duration
    £30
  • Tutor Support
    Unlimited
  • Standard Assessment Decision and Feedback
    Within 3-5 Working Days*
    *Average time taken for assessment feedback is 2.5 working days
  • Suitable for
    Professionals studying alongside their jobs, who do not require fast tracking.
  • Not suitable if
    You are certain that you won’t be able to study regularly to complete in the maximum timeframe suggested.

Fast Track

£540
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    12 Months
  • Re-registration charges after Maximum Duration
    £20
  • Tutor Support
    Unlimited – Priority
  • Fast Track Assessment Decision and Feedback
    Within 1-3 Working Days*
    *Average time taken for assessment feedback is 1.8 working days
  • Suitable for
    Fast track completion, fast tutor support, prompt assessor feedback
  • Not suitable if
    You are not able to devote extra time on the course because of work or personal commitments, as fast tracking is largely reliant on your own efforts.

Flexi

£590
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    24 Months
  • Re-registration charges after Maximum Duration
    £10
  • Tutor Support
    Unlimited – Priority
  • Flexi Assessment Decision and Feedback
    Within 2-4 Working Days*
    *Average time taken for assessment feedback is 2 working days
  • Suitable for
    Professionals who do not want any pressure to complete the course in the recommended duration.
  • Not suitable if
    You are able to study regularly every week and are confident to complete the course within the recommended duration.

Standard

£564
  • £80.50/Month
  • No. of instalments
    7
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    12 Months
  • Re-registration charges after Maximum Duration
    £30
  • Tutor Support
    Unlimited
  • Standard Assessment Decision and Feedback
    Within 3-5 Working Days*
    *Average time taken for assessment feedback is 2.5 working days
  • Suitable for
    Professionals studying alongside their jobs, who do not require fast tracking.
  • Not suitable if
    You are certain that you won’t be able to study regularly to complete in the maximum timeframe suggested.

Fast Track

£620
  • £88.55/Month
  • No. of instalments
    7
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    12 Months
  • Re-registration charges after Maximum Duration
    £20
  • Tutor Support
    Unlimited – Priority
  • Fast Track Assessment Decision and Feedback
    Within 1-3 Working Days*
    *Average time taken for assessment feedback is 1.8 working days
  • Suitable for
    Fast track completion, fast tutor support, prompt assessor feedback
  • Not suitable if
    You are not able to devote extra time on the course because of work or personal commitments, as fast tracking is largely reliant on your own efforts.

Flexi

£676
  • £75.13/Month
  • No. of instalments
    9
  • Recommended Duration
    Up to 9 Months
  • Maximum Duration Allowed
    24 Months
  • Re-registration charges after Maximum Duration
    £10
  • Tutor Support
    Unlimited – Priority
  • Flexi Assessment Decision and Feedback
    Within 2-4 Working Days*
    *Average time taken for assessment feedback is 2 working days
  • Suitable for
    Professionals who do not want any pressure to complete the course in the recommended duration.
  • Not suitable if
    You are able to study regularly every week and are confident to complete the course within the recommended duration.

Awarding body fee of £150 is payable by the learner to the awarding organisation within 14 days of starting the course. This will be collected from the learner and passed on to the awarding organisation for registration and certification purposes. The final certification you get is the same, regardless of your route. There are no strict deadlines for submitting individual coursework, allowing you room and flexibility to pace your studies; the only deadline is the overall course duration based on the option you selected above.

Why choose BSLM?

Instant Access to VLE

You can have instant access to the course; once you enrol on the course, you can start studying immediately.

Expert Tutor Support

Our courses are designed to provide a dedicated online tutor support to learners throughout the course for ongoing assistance.

Flexible Payment Plans

Flexible payment plans to suit your budget; pay fee in easy monthly instalments.

Accredited Certification

You will receive your accredited certificate and transcript at no additional cost from our approved awarding body.

Related Products

Frequently Asked Questions

What is the equivalence of this qualification?

The OTHM qualification of Level 3 is equivalent to the GCE AS/A Levels in terms of practical knowledge, skills, capacities, and competencies.

What age must a Learner be to enrol in this course?

Learners must be at least 16 years old.

What standards apply to learners who do not speak English as their first language?

International students who do not speak English as their first language must get an IELTS, equivalent score of 5.5 or above.

What kind of job does this course prepare you for?

You can pursue a wide variety of employment prospects with the OTHM Level3 Foundation Diploma in Accountancy, including the following:

  • Accounts Assistant
  • Accounts Payable and Expenses Supervisor
  • Payroll Supervisor
  • Practice Bookkeeper
  • Tax Assistant
What are the qualification Requirements to enrol in this course?

There are no enrollment criteria for these qualifications in OTHM. We make sure that students who are accepted into the programme are capable of completing the evaluation and learning requirements.

What certifications are available upon successful completion of this diploma programme?

A wide selection of undergraduate programmes, including the OTHM Level 4 Diploma in Accounting and Business, are open to learners who successfully complete the OTHM Level 3 Foundation Diploma in Accountancy.

How is this course assessed?

All of the units in this qualification are externally certified by OTHM and internally examined by experts in the field. In this qualification, the criterion is referenced and based on the achievement of specified learning outcomes.

What do I learn after completing this course?

Because an accountancy diploma primarily focuses on delivering sound professional training for a successful career in the business sector, learners might experience a number of advantages from it in the future. The learners will gain a better grasp of how business professionals operate after completing this course. As time goes on, learners’ conceptual and analytical abilities increase, and they amass sufficient practical experience by studying accountancy management in a range of contexts.

Do I need to pass an exam in order to get certified?

The only basis for awarding your certification is the successful completion of your unit assignment; no exam is taken.

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2 reviews for OTHM Level 3 Foundation Diploma in Accountancy (RQF)

  1. Caitlin Cooke

    An ideal alternative for A-levels, this has helped me a lot to complete my studies after O’Levels and progress towards bachelors’ program at university without even wasting any year.

  2. Alexander Vaughan

    Fantastic course to pursue which equips learners to get the best progression opportunities.

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Iqbal-Ahmad-1

Iqbal Ahmad

Academic Interest

Teachers training up to postgraduate level, assessment and quality assurance, management and leadership training.

Qualifications

Accounting and Finance

  • Certified Accounting Technician (CAT)
  • B.Sc (hons) in Applied Accounting from Oxford Brooked University
  • Association of Chartered Certified Accountants (ACCA)
  • Chartered Institute of Management Accountants (CIMA)

Management and Leadership

  • Postgraduate Diploma in Management Studies from London International College
  • Master of Business Administration from Anglia Ruskin University
  • Level 7 Diploma in Education Management and Leadership
  • Doctorate candidate for DBA at University of the West of Scotland

Humanities

  • MA Abrahamic Religions from Heythrop College, University of London

Education and Training

  • Level 3 Award in Mathematics for Numeracy Teaching
  • Level 3 Certificate in Assessing Vocational Achievement
  • Level 4 Certificate in Leading the Internal Quality Assurance of Assessment
  • Level 5 Diploma in Education and Training
  • Postgraduate Certificate in Learning and Teaching in the Higher Education from Kingston University
  • Senior Fellowship of the Higher Education Academy (SFHEA)
Profile Summary

A keen learner myself, I am actively involved in a range of teachers training courses for the past few years all the way up to postgraduate level. I have extensive experience of dealing with the awarding organisation compliance because of a strong background in assessment and quality assurance. I have trained a wide range of teaching professionals working in a range of schools, sixth form colleges and in the higher education sector.

saheed-1

Saheed Arinola Ayinde

Academic Interest

Assessment and quality assurance in academia, business, accounting and finance lecturing, and teacher training.

Qualifications

Accounting and Finance

  • MBA in Accounting and Finance at the University of East London
  • BSc. (Hons) Accounting and Finance

Management and Leadership

  • MSc. International Business Management at the University of Gloucestershire

Education and Training

  • Fellow of Higher Education Academy (FHEA – Ref: PR134295)
  • Level 3 Education & Teaching Training (E & T/PTLLS)
  • Level 3 Training, Assessment, & Quality Assurance (TAQA)
  • Successfully mentored a Trainee on the PGCE/PCE Programme
Profile Summary

I have over 15 years’ experience in teaching and training. During this time, I have undertaken teacher training, been a lecturer and course supervisor for ICM, and cohort leader and lecturer for HND (BTEC-Pearson). I have taught business management units/modules at various levels (and awarding bodies) including Certificate, Diploma, Advance Diploma, and Foundation degree levels. I enjoy learning through continuous professional development and have achieved my Fellowship with the Higher Education Academy. I enjoy utlising my experience in training, assessment, and quality assurance to train the education professionals of the future.

Rahaman-Hasan

Rahaman Hasan

Academic Interest

Teachers training, assessment and quality assurance, quality assurance in academia, management and leadership training and research.

Qualifications

Education and Training

  • Senior Fellowship of the Higher Education Academy (SFHEA)
  • Preparing to Teach in the Lifelong Learning Sector (PTLLS)

Marketing

  • MA in Strategic Marketing, University of Greenwich, UK
  • BBA in Marketing, Independent University Bangladesh, Bangladesh

Management and Leadership

  • PhD in Entrepreneurship (passed viva), University of Essex, UK
  • MBA in General Management, University of Wales, UK
  • Diploma in Business and Admin, UK

Humanities

  • Social Entrepreneurship, University of Oxford, UK
Profile Summary

I am a PhD candidate (passed viva) at the University of Essex. My specialisation in PhD is Entrepreneurship. I am an active researcher with specific interest in Entrepreneurship, SME, Marketing and UK Higher Education (UKHE). I have over 14 years work experience in UKHE, which includes extensive experience of quality assurance in the sector. Furthermore, providing academic training to teaching professionals in the higher education sector is my passion.

francis-older-28

Francis Fitzgerald

Academic Interest

Accountancy and assessor training, as well as assessment and quality assurance.

Qualifications

Accounting and Finance

  • AAT Level 2 Foundation Certificate in Bookkeeping
  • AAT Level 3 Advanced Diploma in Accounting
  • AAT Level 4 Professional Diploma in Accounting

Education and Training

  • Level 3 Certificate in Assessing Vocational Achievement
  • Level 4 Certificate in Leading the Internal Quality Assurance of Assessment
Profile Summary

I have experience in the finance and accounting sector and utilise these skills to approach education in a methodical and logical manner. I am passionate about the advancement and implementation of efficient teaching and learning practices. I am responsible for centre liaison with awarding bodies to ensure compliance, and am advancing my skills in assessment and quality assurance through learning and on the job training.

carol

Coral Bishop

Academic Interest

Assessment and quality assurance for levels 2 to 5 in Teacher Training, Leadership and Management, Health and Social Care, Customer Service and Childcare.

Qualifications

Education and Training

  • Level 4 Certificate in Teaching and Education
  • Advanced Level 3 Apprenticeship in Learning & Development
  • Level 5 Certificate Learning for All (Open University E242)
  • 120hr TEFL certificate
  • D32/33 and 34 Assessor and IQA Awards

Customer Service

  • Level 3 NVQ Diploma in Customer Service

Health and Social Care

  • MAKATON LEVEL 1
  • TQUK Level 2 Certificate in Understanding the Safe Handling of Medication
  • Level 3 Health and Social Care

Childcare

  • L3 Diploma in Pre-School Practice
Profile Summary

I have worked in education for 34 years, in various guises. I managed a busy nursery for 12 years before branching out into Assessment and Quality Assurance, more than 20 years ago. My practice has developed alongside the ever-evolving training and apprenticeship sector, and I have worked in many different settings, including colleges, private training agencies and a foster care agency. I also work part time as a Higher-Level Teaching Assistant for a local charity that supports higher level education for young people with Special Educational and/or behavioural needs and as a tutor for a bespoke programme for one-to-one support. I really enjoy supporting learners of varying abilities and experience to achieve their best and to become qualified in their chosen field.