What you'll learn
Develop essential accounting skills and knowledge, covering financial transactions, management information, and financial records maintenance.
- Understand the need to record financial transactions and the stakeholders involved.
- Prepare source documents and Books of Prime Entry for business transactions.
- Differentiate between capital and revenue expenditure and income.
- Describe the purpose of management information and accounting systems.
- Account for labor costs and use management information systems.
- Understand the role of financial records in business organizations.
- Apply the double-entry system of bookkeeping and prepare trial balances.
- Reconcile bank statements with cash book balances.
The diploma comprises six mandatory units, 20 credits for each unit, totaling 120 credits, 1,200 hours of Total Qualification Time (TQT), and 480 Guided Learning Hours (GLH).
Duration and Delivery
The qualification is delivered face-to-face, through lectures, tutorials, seminars, distance, online by approved centres only.
Assessment and Verification
All units are internally assessed by the center and externally verified by OTHM. Assessments are criterion-referenced, focusing on the achievement of specified learning outcomes.
Progression Opportunities
- Further Education: Progress to the OTHM Level 4 Diploma in Accounting and Business.
- University Admission: Qualification is approved and regulated by Ofqual, facilitating entry into various undergraduate accounting programs at universities.