Accountancy at a Glance
- Start date: Anytime
- Location: Online
- Study pace: Flexible, you have up to 5 years to complete this course
- Qualifications: Level 3 Diploma (60 credits)
- Assessment: Online written assignments
- Includes: 1-2-1 tutor support, all course materials and more
- Ofqual Link: Level 3 Diploma in Accountancy – 603/3811/8
This Level 3 university foundation programme is a 60-credit qualification (equivalent to one A level). The objective of the course 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.
The Level 3 diploma in Accountancy is made up of 3 modules and 3 written assignments; each module consists of approximately 40 guided learning hours. While completing the diploma, students can access various study resources, such as tutor support and webinars, a social learning forum, and additional materials to complete their graduate business course.
Upon completion of this course, students receive an OTHM Level 3 accountancy qualification which is fully regulated by Ofqual. Students will then have the opportunity to apply for admission onto a full undergraduate degree programme from a range of UK universities.
Alternatively, students can opt to study our Level 4/5 diploma in Accounting and Finance and then complete an undergraduate top-up at a range of UK universities.
How it works
Students on our Accounting course can complete a Level 3 (60 credits) OTHM diploma, designed to provide students with the skills needed to succeed in the finance industry.
The course is completed online and you can start at any time, it’s completely flexible. Each module consists of 40 hours of guided online learning, with an additional 30-50 hours worth of optional materials that include recommended exercises, readings, digital resources and self-test tasks.
To complete the course you’ll submit 3 online assignments at each level, and assignments are approximately 2,000-3,000 words each. Once you’ve passed your course, you’ll be awarded with an OTHM diploma and you’ll be able to top up your qualification to a bachelor’s degree at a range of UK universities.
During the Accounting course you’ll have access to 1-2-1 tutor support and webinars, social learning forums and additional materials to complete your diploma with ease.
Course Modules
The Level 3 foundation diploma in accountancy has 3 modules:
Recording financial transactions
This module aims 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 module explores how income and expenditure are classified and managed.
Management information
This module 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.
Maintaining financial records
This module 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.
This foundation diploma in Accountancy has 3 written assignments. The assignments are approximately 2,000-3,000 words each. Students are provided support on the modules and assignments via the ‘Tutor’ section of the learning platform.
The assignment unit titles that students need to complete for the Level 3 course are:
1. Recording financial transactions
2. Management information
3. Maintaining financial records
More information about the level 3 units can be found here: OTHM_L3_FDip_Acc_spec_2020_03.pdf
During this Accountancy course, you’ll have access to 1-2-1 tutor support and webinars, social learning forums and additional materials to complete your diploma with ease. You can find out more about the support you’ll have available on our Student Resources page.
You can also read about the academic credentials we meet and associations we’re part of to make sure you have the best learning experience.
Am I eligible for this programme?
To enrol in our Level 3 Accounting course, you must be at least 16 years old and have a full secondary education.
If you don’t have a full secondary education or the equivalent, you may also be able to enrol based on your work experience.
Accountancy (60 credits) |
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Option 1: One off payment |
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Fee
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£850
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Option 2: Instalment Plan |
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Instalment Plan:
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£190 deposit
4 monthly instalments of £190
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Career Progression
Studying accounting opens a wide range of career opportunities across various industries. Here are some of the primary career paths you can pursue with an accounting degree:
1. Public Accounting:
• Auditor: Conduct financial audits to ensure accuracy and compliance with regulations.
• Tax Advisor: Prepare and file tax returns and provide tax planning and advice to individuals and businesses.
2. Corporate Accounting:
• Financial Accountant: Prepare financial statements, manage ledgers, and ensure compliance with accounting standards.
• Management Accountant: Focus on internal financial analysis, budgeting, and cost management to aid business decision-making.
3. Government and Nonprofit Accounting:
• Government Accountant: Manage public funds, audit government agencies, and ensure financial compliance with regulations.
• Nonprofit Accountant: Handle financial reporting, budgeting, and grant management for nonprofit organisations.
4. Specialized Accounting Roles:
• Forensic Accountant: Investigate financial fraud and disputes, often working with law enforcement agencies.
• Environmental Accountant: Analyse the financial impact of environmental regulations and sustainability initiatives.
5. Financial Services:
• Financial Analyst: Analyse financial data, develop investment strategies, and provide recommendations to businesses and investors.
• Credit Analyst: Assess the creditworthiness of individuals and businesses to facilitate lending decisions.
• Budget Analyst: Develop and manage budgets, forecast financial needs, and analyse spending patterns.
• Overall, accounting is a versatile and in-demand field with opportunities in virtually every sector of the economy.
On completion of this course, students will have the opportunity to apply for admission onto a full BA degree programme from a range of UK universities.
Alternatively, you have the option to complete a Level 4/5 Diploma at Online Business School.
