Description

Getting Started

The OTHM Level 3 Foundation Diploma in Accountancy provides learners with a solid basis for pursuing a career in various organisations involving financial management and accountancy. This program is structured to guarantee that each learner not only acquires knowledge in accountancy but also develops the capabilities to swiftly adapt to changing circumstances and advance in their educational journey.

Key Benefits

Learners get a basic understanding of how to record financial transactions.

Learners learn what is needed to record financial transactions accurately and completely.

Exploring how income and expenditure are 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.

Key Highlights

Are you aspiring to have a career in various organisations with financial management and accountancy? Then, the 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 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.

Career Pathways

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

Bookkeeping assistant; with an estimated average salary of £20,967 per annum

About Awarding Body

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.

Assessment

Time-constrained scenario-based assignments

No examinations

Entry Requirements

Learners must be 18 years of age and Demonstrate the ability to undertake the learning and Assessment

A learner not from a majority English-speaking country must provide evidence of English language competency.

Progression

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.

Why gain a OTHM Qualification?

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 every employer seeks. The learners pursuing an OTHM qualification will obtain an opportunity to enhance learning and grow key competencies to tackle situations and work on projects more effectively, which will, in turn, give learners the potential to get promotions within the workplace. Alternatively, it allows them to progress onto an MBA top-up/Bachelor's degree / Master's degree programme around the World.

Flexible study options- All OTHM qualifications have a credit value, which tells you how many credits are awarded when a unit is completed. The credit value will indicate how long it will normally take you to prepare for a unit or qualification.

Three different types of qualification are

The award is achieved with 1 - 12 credits

The certificate is completed with 13 - 36 credits

The diploma is completed 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.

UNIT1- Recording Financial Transactions

Reference No : R/617/3339

Credit : 20 || TQT : 200

This unit aims to provide learners with a foundational grasp of the process of documenting financial transactions. This unit encompasses the essentials for accurately and comprehensively recording financial transactions, including using source documents. Lastly, it delves into the categorisation and handling of income and expenditures.

UNIT2- Management Information

Reference No : L/617/3338

Credit : 20 || TQT : 200

This unit aims to enhance learners' understanding of cost and management accounting, as well as the significance of management information. This unit also introduces the application of Information and Communication Technology (ICT) in the management information recording process and examines its benefits and drawbacks.

UNIT3- Maintaining Financial Records

Reference No : J/617/3337

Credit : 20 || TQT : 200

This unit aims to impart to learners the rationale behind the necessity for maintaining financial records. It also focuses on equipping learners with the skills to employ the double-entry bookkeeping system and to create both 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.

How does the Online Learning work at SBTL? We at SBTL follow a unique approach which differentiates us from other institutions. Indeed, we have taken distance education to a new phase where the support level is incredibly high.Now a days, convenience, flexibility and user-friendliness outweigh demands. Today, the transition from traditional classroom-based learning to online platforms is a significant result of these specifications. In this context, a crucial role played by online learning by leveraging the opportunities for convenience and easier access. It benefits the people who want to enhance their career, life and education in parallel streams. SBTL's simplified online learning facilitates an individual to progress towards the accomplishment of higher career growth without stress and dilemmas. How will you study online? With the School of Business & Technology London, you can study wherever you are. You finish your program with the utmost flexibility. You will be provided with comprehensive tutor support online through SBTL Support Desk portal. How will I get tutor support online? School of Business & Technology London occupies a centralised tutor support desk portal, through which our support team liaise 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 receive 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 to streamline all the support process efficiently. Learners should expect to receive a response on queries like guidance and assistance within 1 - 2 working days. However, if the support request is for assessment feedback, learners will receive the reply with feedback as per the time frame outlined in the Assessment Feedback Policy.

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OTHM Level 3 Foundation Diploma in Accountancy

By School of Business and Technology London

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