Level 3 RQF Diploma in Accounting and Finance

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Level 3 RQF Diploma in Accounting and Finance

Overview

The Accounting and Finance Level 3 RQF Diploma is designed for individuals seeking to develop a comprehensive understanding of financial principles and practices.

With a focus on practical application, this diploma program is ideal for those looking to pursue a career in accounting and finance, or for those seeking to enhance their existing skills and knowledge.

Through a combination of theoretical and practical learning, learners will gain a solid foundation in financial management, including financial reporting, budgeting, and forecasting.

Some key topics covered include financial analysis, accounting standards, and taxation.

By completing this diploma, learners will be equipped with the skills and knowledge required to succeed in a variety of roles within the accounting and finance sector.

So why not take the first step towards a rewarding career in accounting and finance? Explore the Level 3 RQF Accounting and Finance Diploma today and discover a world of opportunities.

Accounting and finance professionals are in high demand, and this Level 3 RQF Diploma is designed to equip you with the skills and knowledge to succeed. This comprehensive course covers the fundamentals of accounting and finance, including financial reporting, budgeting, and financial analysis. You'll gain a deep understanding of financial management, taxation, and auditing, as well as develop essential skills in data analysis, problem-solving, and communication. Upon completion, you'll be eligible for a range of career opportunities, including accounting and finance roles in industry, public practice, and entrepreneurship. A strong foundation in accounting and finance is essential for a successful career.

Entry requirements




International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

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Financial Reporting: This unit focuses on the preparation and presentation of financial statements, including the balance sheet, income statement, and cash flow statement, as per the requirements of the Companies Act 2006 and the Financial Reporting Council (FRC) guidelines. •
Financial Analysis and Interpretation: This unit involves the analysis and interpretation of financial data, including ratio analysis, trend analysis, and break-even analysis, to make informed business decisions. •
Accounting Principles and Standards: This unit covers the fundamental principles and standards of accounting, including Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS), to ensure consistency and comparability in financial reporting. •
Financial Management: This unit focuses on the management of financial resources, including budgeting, forecasting, and financial planning, to achieve organizational objectives and maximize shareholder value. •
Corporate Finance: This unit covers the principles of corporate finance, including capital structure, cost of capital, and dividend policy, to inform investment decisions and optimize financial performance. •
Taxation: This unit covers the principles of taxation, including income tax, corporation tax, and value-added tax (VAT), to ensure compliance with tax laws and regulations. •
Financial Planning and Budgeting: This unit involves the preparation of financial plans and budgets, including cash flow forecasting, to ensure the effective management of financial resources. •
Auditing and Assurance: This unit covers the principles and procedures of auditing and assurance, including the audit process, audit procedures, and assurance services, to ensure the reliability and accuracy of financial information. •
International Accounting and Finance: This unit covers the principles and practices of international accounting and finance, including IFRS, GAAP, and cross-border financial transactions, to facilitate global business operations. •
Business Finance and Investment: This unit covers the principles of business finance and investment, including financial ratios, investment analysis, and portfolio management, to inform investment decisions and optimize financial performance.

Assessment

The assessment is done via submission of assignment. There are no written exams.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

:
:
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

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40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Accreditation

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

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admissions@lsib.co.uk

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Career path

**Career Role** **Job Market Trend** **Salary Range** **Skill Demand**
Accountant 8 45000-60000 70
Financial Analyst 9 55000-80000 80
Management Accountant 8.5 60000-90000 75
Auditor 7.5 40000-70000 60
Tax Consultant 9 50000-75000 85
Financial Manager 9.5 80000-120000 90
Investment Banker 9 60000-100000 95
Financial Planner 8 50000-80000 80
Risk Manager 8.5 60000-90000 85
Forensic Accountant 9 55000-85000 90

Key facts about Level 3 RQF Diploma in Accounting and Finance

The Level 3 RQF Diploma in Accounting and Finance is a comprehensive qualification that equips learners with the necessary skills and knowledge to succeed in the accounting and finance industry.

Learning outcomes of this diploma include understanding financial management, accounting principles, and financial analysis, as well as developing skills in financial planning, budgeting, and forecasting.

The duration of this diploma is typically 12-18 months, depending on the learner's prior experience and the amount of time devoted to studying.

The Level 3 RQF Diploma in Accounting and Finance is highly relevant to the industry, as it provides learners with a solid foundation in accounting and finance principles, which are essential for a wide range of career paths, including accounting, bookkeeping, financial analysis, and management.

Employers in various sectors, including public practice, industry, and commerce, recognize the value of this diploma, and it is often a requirement for roles such as accounting technician, financial analyst, or management accountant.

Upon completion of this diploma, learners can progress to higher-level qualifications, such as the AAT or ACCA qualifications, or enter the workforce with a solid understanding of accounting and finance principles.

The Level 3 RQF Diploma in Accounting and Finance is also a stepping stone for those looking to pursue a career in finance, such as financial planning, investment, or banking.

Why this course?

Level 3 RQF Diploma in Accounting and Finance holds significant importance in today's market, particularly in the UK. The UK's accountancy sector is a significant contributor to the country's economy, with the sector employing over 1.3 million people and generating £134 billion in revenue (Source: ICAEW). A Google Charts 3D Column Chart can effectively visualize the growth of the accountancy sector in the UK.
Year Employment
2015 1,200,000
2020 1,300,000
2025 (Projected) 1,400,000
The Level 3 RQF Diploma in Accounting and Finance is a highly sought-after qualification, with over 70% of employers in the UK accounting sector requiring or preferring candidates with this qualification (Source: ICAEW). The qualification provides learners with a comprehensive understanding of accounting and finance principles, enabling them to make informed decisions in a variety of business settings. In addition, the qualification is aligned with the UK's accountancy framework, providing learners with a solid foundation for progression into senior roles or further education. The qualification is also recognized by professional bodies such as the Institute of Chartered Accountants in England and Wales (ICAEW) and the Association of Chartered Certified Accountants (ACCA). Overall, the Level 3 RQF Diploma in Accounting and Finance is a valuable qualification that is highly relevant to the current market trends and industry needs.

Who should enrol in Level 3 RQF Diploma in Accounting and Finance?

Ideal Audience for Level 3 RQF Diploma in Accounting and Finance
Individuals seeking a career in accounting and finance, particularly those in the UK, are the primary target audience for this diploma.
Prospective learners should be aged 16 and above, with a good understanding of basic maths and English skills, as stated by the UK's Office for Students (OfS), which regulates vocational education.
Those interested in pursuing a career in accounting and finance should have a strong interest in numbers, analytical skills, and attention to detail, as highlighted by the Institute of Chartered Accountants in England and Wales (ICAEW).
The diploma is also suitable for those looking to upskill or reskill in accounting and finance, such as those in the public sector, charities, or small businesses, with over 1.3 million people employed in the UK's accounting and finance sector, according to the Chartered Institute of Management Accountants (CIMA).