Key Information
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Campus |  |
Level |  |
Format |
| School of Management & Business | Diploma | On Campus | |||
 |
Duration |  |
Pace |  |
Fees |
| 12 months | Full Time | €4,500 | |||
 |
Application Deadline |  |
Start Date |  |
Assessment |
| Dec 23/March-June-Sept 2024 | Jan – April – July – Oct 2024 | Assignments |
About this Course
This is an Accredited Course by the Malta Further & Higher Education Authority (MFHEA), at MQF/EQF Level 4, with 30 ECTS.
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.
Learning Outcomes
By the end of the OTHM Level 3 Foundation Diploma in Accountancy programme, the learner will be able to:
- Record financial transactions.
- Prepare source documents and Books of Prime (Original) Entry to record financial transactions.
- Understand the classification and management of income and expenditure.
- Understand the nature of cost and management accounting.
- Account for labour costs.
- Understand the use of Information and Communication Technology (ICT) in the recording of management information.
- Understand the role and application of accounting concepts.
- Use the double-entry system of bookkeeping.
- Prepare a three-column cash book and a bank reconciliation statement.
Awarding Body
This qualification is awarded by OTHM. This qualification is accredited by the Malta Further and Higher Education Authority. MFHEA deems this OTHM Level 3 OTHM Level 3 Foundation Diploma in Accountancy to be at MQF/EQF Level 4 with 30 ECTS in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
Entry Requirements
Applicants should hold:
- Minimum Qualification: HSC, GCSE, grade 12, F.A or equivalent
- English Proficiency
Minimum Age: 18 If an applicant does not meet the above entry requirements, you are encouraged to contact the Academy for an interview.
Assessment Mode
- 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
Language of Instruction & Delivery Mode
This programme will be delivered in English in our Campus in St. Julian’s.
The qualification is designed to be delivered over one academic year 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 and online learning.
Course Funding Schemes
This course is eligible for individual funding through these schemes: GET QUALIFIED SCHEME Candidates can benefit from a 70% rebate of the course fee via tax credits. Learn more about this scheme
