OTHM Level 3 Foundation Diploma in Accountancy
Qualification Number: 603/3811/8
The objective of the OTHM Level 3 Foundation Diploma in Accountancy 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.
Successful completion of the Level 3 Foundation Diploma in Accountancy provides learners with the opportunity to progress to further study or employment.
OTHM is a UK based Awarding Organisation regulated by Ofqual (Office of the Qualifications and Examinations Regulation). OTHM always aim to develop as an organisation that is forward-thinking in order to support professions and industry by providing excellent qualifications that contribute for a highly qualified and experienced workforce.
The main objectives are:
- To uphold the integrity of our qualifications and assessments
- To provide British Standard Qualifications globally
- To promote professionalism
- To promote ethical practice
- To promote equality and diversity
OTHM Level 3 qualifications can be offered to learners from age 16. OTHM does not specify entry requirements for these qualifications. OTHM ensures that learners admitted to the programme have sufficient capability at the right level to undertake the learning and assessment criteria.
OTHM Centre must ensure learners are recruited with integrity onto appropriate qualifications that will meet their needs, enable and facilitate learning and achievement enable progression. The qualification is offered in English.
English requirements: If a learner is not from a majority English-speaking country must provide evidence of English language competency. For more information visit English Language Expectations page.
OTHM qualifications at RQF Level 3 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to GCE AS/A Levels.
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.
- Recording Financial Transactions (20 credits)
- Management Information (20 credits)
- Maintaining Financial Records (20 credits)
Duration and delivery
The qualification is designed to be delivered over 6 months for full-time study, but it is also flexible in its delivery in order to accommodate part-time and distance learning. The qualification is delivered face-to-face, through lectures, tutorials, seminars, distance, online by approved centres only.
Assessment and verification
All units within this qualification are internally assessed by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.
To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. Judgement that the learners have successfully fulfilled the assessment criteria is made by the Assessor.
The Assessor should provide an audit trail showing how the judgement of the learners’ overall achievement has been arrived at.
Successful completion of OTHM Level 3 Foundation Diploma in Accountancy provides learners the opportunity for academic progressions to a wide range of undergraduate programmes including OTHM Level 4 Diploma in Accounting and Business.