OTHM Awarding Body

Average Completion Time: 4-12 Months

Course Level: 3

Study Method: Online

Study Units: 3 Units

Assessment Based

The OTHM Level 3 Foundation Diploma in Accountancy is an ideal starting point for those looking to pursue a career in accounting or finance. Whether you’re a school leaver, a mature student, or someone seeking to build a strong foundation for a future in the accounting profession, this qualification equips you with the essential skills and knowledge needed to succeed in the industry.

This Ofqual-regulated qualification is specifically designed to provide learners with a solid understanding of accounting principles and practices. The Level 3 Foundation Diploma is equivalent to GCE AS/A Levels, making it a perfect choice for those who wish to build academic skills while focusing on practical accounting knowledge.

The OTHM Level 3 Foundation Diploma in Accountancy is a powerful qualification for anyone looking to start a successful career in the accounting and finance industries. It offers essential knowledge, practical skills, and clear progression routes to further education and professional development. Whether you are just beginning your academic journey or seeking to pivot into accounting, this qualification will provide the foundation for a bright future in the field.

Entry Requirements

Eligibility: OTHM Level 3 qualifications are available to learners starting from the age of 16.
No Specific Entry Requirements: OTHM does not set specific entry requirements for these qualifications. However, delivery centers are responsible for ensuring learners have the appropriate capability and are prepared to undertake the learning and assessments.
Learner Assessment: Centers must evaluate learners to ensure they are equipped to succeed in the program. This includes checking that they possess the required academic or practical knowledge for the qualification.
Program Integrity: OTHM ensures that learners are admitted with integrity, meaning they are matched to qualifications that align with their educational needs and aspirations.
Facilitating Learning and Achievement: The focus is on enabling learners to achieve academic success and develop the necessary skills to progress in their education or career.
Progression: The qualifications are designed to provide learners with a pathway for further study, including progression to higher-level qualifications or undergraduate programs.
Language of Instruction: The qualification is taught in English, ensuring learners gain proficiency in both the subject matter and the language of instruction.

Equivalences

Qualification Level: OTHM qualifications at RQF Level 3 are designed to provide practical knowledge, skills, and competencies.
Academic Equivalence: These qualifications are academically equivalent to GCE AS/A Levels, which means they are recognized in terms of the depth and level of learning required.
Practical Knowledge and Skills: The focus of OTHM Level 3 qualifications is on practical application of knowledge, providing learners with real-world skills that are directly transferable to the workplace or further education.
Capable and Competent Graduates: Learners who complete this qualification are assessed for their ability to demonstrate competence and apply learned concepts in real-life situations.
Assessment Criteria: The assessment for these qualifications is designed to ensure that learners can showcase both their academic understanding and practical capabilities, confirming their readiness for the next stage of education or employment.
Pathway to Higher Education: As the qualifications are equivalent to AS/A Levels, successful completion provides learners with a recognized pathway to university degree programs or further academic qualifications.
Versatility: The qualification is applicable across various fields, allowing learners to specialize in areas like business, accountancy, management, or finance.

Qualification structure

The OTHM Level 3 Foundation Diploma in Accountancy comprises 3 mandatory units, totaling 60 credits. The qualification requires a Total Qualification Time (TQT) of 600 hours and includes 240 Guided Learning Hours (GLH) for successful completion.

Mandatory Units

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

Who is this Course For

School Leavers: The OTHM Level 3 Foundation Diploma in Accountancy is ideal for students who have completed their GCSEs or equivalent and wish to start a career in accountancy or finance. It provides foundational knowledge and practical skills needed to enter the profession.
Aspiring Accountants: This qualification is perfect for those who want to pursue a career in accounting, bookkeeping, or financial management. It equips learners with essential accounting principles, preparing them for roles in both the public and private sectors.
Mature Learners: Individuals looking to change careers or return to education can benefit from this diploma. It offers an accessible entry point into the accounting field, regardless of prior experience.
Professionals Seeking Career Advancement: The diploma is also suitable for individuals already working in related fields who want to formalize or expand their accounting skills for career progression.
University Entrants: Those who wish to pursue higher education in accounting, finance, or related fields will find this diploma a solid foundation, enabling progression to Level 4 Diplomas or direct entry into undergraduate degree programs.
Career Switchers: If you’re considering transitioning into the accounting profession, this course provides the necessary foundational knowledge and practical skills to make a smooth career change.

Future Progression

Pathway to Higher Education: Upon successful completion of the OTHM Level 3 Foundation Diploma in Accountancy, learners gain access to a wide range of undergraduate programs in accounting, finance, and business-related fields.
Level 4 Diplomas: Learners can progress to the OTHM Level 4 Diploma in Accounting and Business, further enhancing their skills and qualifications in the accounting and business sectors.
University Entry: The qualification serves as a solid foundation for entry into Bachelor’s degree programs in accounting, finance, business administration, or economics at universities and higher education institutions.
Career Advancement: For those already in the workforce, completing this diploma can open doors for career growth in roles such as accounting assistant, bookkeeper, or financial analyst.
Specialized Fields: Learners can also choose to specialize in areas such as auditing, taxation, or management accounting by pursuing higher-level diplomas or professional qualifications.
Flexible Learning: With this qualification, students have the flexibility to choose between further academic progression or entering the workforce, based on their career goals and aspirations.
Recognition: The diploma is recognized and regulated by Ofqual, ensuring it meets high educational standards, making it an excellent stepping stone for further academic or professional pursuits.

The Qualification Process

Qualification Process for the OTHM Level 3 Foundation Diploma in Accountancy

Eligibility Check and Application
- Ensure that you meet the entry requirements, including prior educational qualifications and relevant work experience in health and safety or a related field.
- Complete the application process through an approved OTHM training center, providing any necessary documentation and proof of qualifications.
Enrollment and Orientation
- Once accepted, enroll in the course and participate in an orientation session to understand course requirements, timelines, and assessment methods.
Course Study and Learning Activities
- Engage with six mandatory units that cover key areas of occupational health and safety management.
- Dedicate 1,200 hours of Total Qualification Time (TQT), including 600 Guided Learning Hours (GLH) through lectures, study materials, and interactive sessions.
Assessment and Evaluation
- Complete unit assessments, which may include assignments, case studies, reports, and practical projects, to demonstrate your understanding of course content.
- Assessments are reviewed and graded by the center and are externally verified by OTHM to ensure quality and rigor.
Certification
- Upon successful completion of all units and assessments, receive the OTHM Level 3 Foundation Diploma in Accountancy
Future Progression
- With this diploma, pursue career advancement in health and safety management, apply for Chartered status, or consider further academic progression, such as a Master’s degree

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Have Queries? Find Solutions Here

The OTHM Level 3 Foundation Diploma in Accountancy is a qualification designed to provide learners with essential knowledge and skills in accounting, preparing them for a career in the field or further study in accountancy and business.

This course is ideal for school leavers, aspiring accountants, mature learners, professionals seeking career advancement, and anyone interested in pursuing a career or further studies in accountancy, finance, or business.

There are no specific entry requirements set by OTHM. However, learners should have the capability to undertake the learning and assessment requirements of the course, typically equivalent to GCSE qualifications or related experience.

The course requires 600 hours of total qualification time (TQT), with 240 guided learning hours (GLH). The duration may vary depending on the delivery method and study pace, but typically takes around 6 to 12 months.

Upon successful completion, learners will receive the OTHM Level 3 Foundation Diploma in Accountancy, which is a recognized qualification regulated by Ofqual.

Graduates can progress to higher-level qualifications such as the OTHM Level 4 Diploma in Accounting and Business, or pursue undergraduate programs in accountancy, finance, business, and related fields.

Yes, the OTHM Level 3 Foundation Diploma in Accountancy is accredited and recognized by employers within the accounting and finance sectors, making it a valuable qualification for career advancement.

The course covers key accounting topics including financial accounting, management accounting, bookkeeping, and accounting principles, giving learners a solid foundation in the field of accountancy.

Yes, many centers offer this course via online or blended learning, providing flexibility to study at your own pace.

The Global Training and Certification Service (TGTCS) Is Associate Training partner of Inspire College of Technologies (ICTQual UK) . TGTCS is offering all OTHM qualifications in association with ICTQual.