Accountancy (60 credits)

Program Overview

Accountancy (60 credits)

Overview

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.

Course Details

• 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, FREE laptop*, all course materials and more
• Ofqual Link: Level 3 Diploma in Accountancy – 603/3811/8 This course is equivalent to 24 UCAS Tariff Points.

Course 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.

Entry Requirements

• Age: At least 16 years old
• Education: Full secondary education

Cost & Payments

• Level 3: £2500
• Payment options: Enrol with a £20 deposit and then £103.33 a month for 24 months, interest-free.

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:

• 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.
• 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.
• 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.
• Specialised 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.
• 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.

University Options

Upon completing this course, students can progress to a full BA or BSc degree programme at a variety of UK universities, online or on campus.

• Some examples include:
  • Coventry University
  • Anglia Ruskin University
  • London Metropolitan University
  • University of Derby
  • Middlesex University

Sample Certificate

• OTHM Level 3 Foundation Diploma in Accountancy
  • Qualification Number: 603/3811/8

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