How you’d get this certificate
- Zavmo teaches you. You learn the units one-to-one with an AI tutor, on your own work.
- You register with an approved centre. That is a college, training provider or employer VTCT Skills has approved to offer this qualification. Zavmo is not an approved centre, so you register with them, not with us.
- The centre assesses, and VTCT Skills awards. A qualified assessor at the centre judges your evidence, and the certificate comes from VTCT Skills.
The VTCT Skills Level 3 Diploma is for those working in accounting and finance. It covers computerised accounting software, partnership accounting principles, cash flow management, and budgeting.
These are the units VTCT Skills registers against this qualification. It is a catalogue, not a syllabus. Which of them you take depends on the combination the qualification requires, and that is set by the awarding body rather than by us. Every unit here is regulated. Zavmo teaches towards them on your own work, and work done here is recognised as prior learning under the agreements we hold.
Zavmo is not an awarding body, is not an approved centre, and is not affiliated with VTCT Skills. It does the teaching and the mapping. VTCT Skills sets this qualification and awards it, and a qualified human assessor makes the assessment decision.
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The free part is a Future Fluency lesson on using AI at work. It is not part of this qualification. Next, a free account. We build your plan for this qualification as you set up. Teaching towards this qualification begins when you subscribe.
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What each unit actually teaches you to do
Accounting for not for profit organisations Real unit · VTCT Skills
What you'll be able to do
- Understand the key terminology used in accounting for not for profit organisations
- Understand the purpose and structure of a receipts and payments account within a not for profit organisation
- Understand the function and purpose of financial statements prepared for a not for profit organisation
Cash Flow Management Real unit · VTCT Skills
What you'll be able to do
- Demonstrate cash flow forecasting techniques
- Use forecasts to monitor cash flow within the organisation
- Manage cash balances effectively
- Understand how the external environment impacts on how an organisation manages cash assets
- Make informed decisions regarding the management of cash balances within an organisation
- Understand a range of business techniques used to improve the efficiency of cash management procedures within an organisation
Introduction to a cost recording system within an organisation Real unit · VTCT Skills
What you'll be able to do
- Understand the purpose of a cost recording system within an organisation
- Recognise the components of a cost recording system and how they operate
- Record cost information accurately
- Analyse cost information effectively
- Prepare a management report on deviations from a budget
- Use information gathered from costing systems to assist decision-making
Prepare and complete a VAT return Real unit · VTCT Skills
What you'll be able to do
- Understand the VAT requirements of an organisation, including registration and record-keeping.
- Understand the nature of inputs and outputs in relation to VAT and their impact on VAT calculations.
- Understand the requirements, frequency and penalties relating to different VAT schemes available to organisations.
- Complete a VAT return accurately and in accordance with current regulations.
- Understand the implications of VAT payments and relevant legislation for the organisation's financial position.
Principles of accounting concepts Real unit · VTCT Skills
What you'll be able to do
- Understand the fundamental accounting concepts and the qualitative characteristics used in the preparation and presentation of financial statements.
- Understand the principles of double entry bookkeeping and their application in recording financial transactions.
- Understand the purpose and use of different stock valuation methods and their impact on financial statements.
- Understand the process of accounting for fixed assets, including depreciation and disposal.
- Understand the process of accounting for prepayments and accruals to ensure accurate financial reporting.
- Understand the process of accounting for bad and doubtful debts and their impact on the balance sheet.
Principles of partnership accounting Real unit · VTCT Skills
What you'll be able to do
- Understand the partnership structure as a form of business entity
- Understand the legislation relating to partnerships
- Understand how different accounts are used in partnership accounting
- Understand the procedures applied when changes occur in the structure of a partnership
Principles of preparing basic financial statements Real unit · VTCT Skills
What you'll be able to do
- Understand the form and function of the trial balance as a summary of ledger balances.
- Understand the purpose of the suspense account and how to resolve discrepancies.
- Understand the form and function of financial statements, including the statement of profit or loss and the statement of financial position.
- Understand the form and function of the extended trial balance and its use in preparing financial statements.
- Understand the calculation and interpretation of key accounting ratios to analyse financial performance and position.
Responsibilities of a finance professional Real unit · VTCT Skills
What you'll be able to do
- Understand the importance of integrity and professionalism for a finance professional.
- Understand the principles of workplace legislation relevant to a finance professional.
- Understand the principles of legislation relating to money laundering and the finance professional's role in prevention.
- Understand the ethical responsibility of the finance professional in promoting sustainability within an organisation.
Standard and Advanced Budgeting using a Computerised Accounting Package Real unit · VTCT Skills
What you'll be able to do
- Understand the use of ‘standard budgeting’ techniques using a computerised accounting package.
- Produce ‘standard budget’ reports from a computerised accounting package.
- Understand the use of ‘advanced budgeting’ techniques using a computerised accounting package.
- Produce advanced budget reports from a computerised accounting package.
Using Computerised Accounting Software Real unit · VTCT Skills
What you'll be able to do
- Set up master data using a computerised accounting software package
- Process accounting transactions on a computerised accounting software package
- Process adjustments on a computerised accounting software package
- Process period end routines on a computerised accounting software package
- Process VAT returns using a computerised accounting software package
- Produce accounting reports to assist the financial management of an organisation
- Analyse accounting reports to assist the financial management of an organisation
The national standards these units are built against
What the job actually needs, in the words employers and awarding bodies already use for the work itself.
- Standard
Monitor costing systems
- Standard
Report VAT
The jobs these credits are mapped to
A qualification is never a dead end here. Each of these is a job record this qualification is a mapped route into.
- 1 record
- 1 record
- 1 record
Where this can lead
Lead Cash Management Specialist
This role can lead to Director of Treasury, VP Treasury or Treasurer, or a CFO role overseeing all financial aspects of a company.
See the whole journeyThe credits, and who awards them
Level 3 credits are regulated, and they are awarded by VTCT Skills rather than by Zavmo. They don’t vanish when a subscription ends or a website closes. They travel to any employer, and Zavmo keeps the map of what you have covered and what is next.
What you would be collecting
Accounting for not for profit organisationsCash Flow ManagementIntroduction to a cost recording system within an organisationPrepare and complete a VAT returnPrinciples of accounting conceptsPrinciples of partnership accountingPrinciples of preparing basic financial statementsResponsibilities of a finance professional
Each one is a real unit registered against this qualification.
How you’d practise it
You don’t watch this. You do it.
You are not assessed on remembering this. You are assessed on applying it, analysing it, evaluating it and producing something. So that is what the practice is: projects, role play and your own live cases, with a tutor in the room.
The Practical Builder · your make-it-real tutor Illustration - Draft the real one Create
You do “Accounting for not for profit organisations” on a real document of your own. Zavmo works on the draft you have to send anyway, so the coursework and the job are the same piece of work.
- Lead it Apply
“Cash Flow Management” is practised on the team you actually have. You talk through the call you are about to make, and Zavmo makes you say it the way you would say it to them.
How you would learn this
One to one, on the work you already do
A tutor sets the task against your own job and marks the reasoning, at your pace. There is no cohort to fall behind.
A lesson from Accounting for not for profit organisations, one of this qualification's own units.
Applied to your work in any of these jobs
This unit covers the terminology and accounting practices specific to not-for-profit organisations. Learners will understand key terms, the purpose of receipts and payments accounts, and the function of financial statements, including relevant regulatory and reporting requirements.
- 1 Remember
- 2 Understand
- 3 Apply
- 4 Analyse
- 5 Evaluate
- 6 Create
It is £70 a month, billed monthly. Your free first module is Future Fluency, and you can cancel any time. Teaching towards this qualification begins when you subscribe.
Built for VTCT Skills Level 3 Diploma in Computerised Accounting for Business (RQF)
10 units in this credential, in the order it lists them, awarded by VTCT Skills.
- Accounting for not for profit organisations
- Cash Flow Management
- Introduction to a cost recording system within an organisation
- Prepare and complete a VAT return
- Principles of accounting concepts
- Principles of partnership accounting
and 4 more in the full unit list below.
Free tools
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Learned on your own work, taught one-to-one.
Everything you just read, learned one-to-one on the job you already do. Your free first module is Future Fluency, so you can see how the teaching works before you pay for anything.
Build my plan, freeNo card. See how this qualification maps onto your role and meet the tutors who’d teach it, free. The learning begins when you subscribe. It’s £70 a month, billed monthly. Cancel any time and billing stops.
The title, level, credits, guided learning hours and unit learning outcomes on this page are taken from the Ofqual Register of Regulated Qualifications. Contains public sector information licensed under the Open Government Licence v3.0. Where this data comes from.