OTHM Level 3 Foundation Diploma in Accountancy

The OTHM Level 3 Foundation Diploma in Accountancy is a prestigious and internationally recognised qualification designed to equip learners with essential accounting knowledge and skills. This course serves as the perfect foundation for individuals aiming to pursue a career in accountancy, finance, or business management.

The OTHM Level 3 Foundation Diploma in Accountancy, regulated by Ofqual, offers a comprehensive introduction to key accounting principles and practices. This diploma prepares learners to understand the fundamentals of financial reporting, bookkeeping, budgeting, and financial decision-making. It is ideal for those looking to develop a strong base for further studies or employment in the accounting and finance sectors.

  • Ofqual-regulated qualification
  • Internationally recognised by employers and academic institutions
  • Focuses on foundational knowledge of accounting, finance, and business principles
  • Flexible online or blended learning options

Course Benefits

  • Solid Career Foundation: Builds the necessary skills for a career in accounting and finance.
  • Global Recognition: Widely respected by employers and universities around the world.
  • Comprehensive Skill Development: Enhances understanding of bookkeeping, financial statements, and business operations.
  • Flexible Study Options: Allows students to learn at their own pace with professional support.

Course Learning Outcomes

Upon successful completion of the OTHM Level 3 Foundation Diploma in Accountancy, learners will be able to:

  • Understand basic accounting principles and concepts.
  • Interpret financial statements and reports.
  • Apply bookkeeping techniques and procedures.
  • Prepare budgets and understand financial planning.
  • Recognise the role of accountancy in business decision-making.

Study Units

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.

Mandatory units

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

Who Is This Course For?

  • School leavers and graduates aiming to enter the accounting or finance sectors.
  • Aspiring accountants, finance professionals, and business managers.
  • Individuals seeking to strengthen their financial knowledge for career growth.
  • Learners preparing for higher-level accountancy qualifications.

Future Progression

Upon completing the OTHM Level 3 Foundation Diploma in Accountancy, learners can progress to:

  • OTHM Level 4 Diplomas in Accounting and Business or related fields.
  • Undergraduate degree programs in accounting, finance, or business management.
  • Professional accountancy qualifications such as ACCA, CIMA, or CPA.
  • Entry-level roles in accounting, bookkeeping, or financial administration.

About This Course

The OTHM Level 3 Foundation Diploma in Accountancy is tailored for individuals who are new to the field and want to build a strong academic and practical foundation. This course not only strengthens core accounting skills but also prepares learners for advanced studies and successful careers in finance. With flexible learning options and international recognition, this diploma opens doors to numerous academic and professional opportunities.