Online Foundation Diploma in Accounting, Level 4.

A UK foundation diploma in accounting, studied completely online around your job. No exams, no deadlines. €220 a month for twelve months, and Malta refunds up to 70% of it when you finish.

Check if I qualify

5.0 on GoogleMost finish in about 10 monthsRecognised in Malta and the EU

Online Business SchoolDelivered byOnline Business School, UK
Your qualificationFoundation Diploma in AccountingMQF Level 4 · UK awarded

Awarded by OTHM · Regulated by Ofqual · Recognised by MQRIC

Our students love studying this diploma online.

5.0out of 5 on Google
Nebojsa Kosanovic
11 reviews · 2 photos

“I recently decided to take the next step in my career and further education. … My choice was the Elephant & Cross educational center and I am very happy with my choice. … High standards and professional team, they are always there to help you and inform you about everything you need for your studies.”

Lisa Pisani DeBono
1 review

“I had a very positive experience with Elephant & Cross from start to finish. … Their support and guidance throughout the entire process were excellent, and I always felt well informed at every step. … I never encountered any problems along the way and their professionalism really stood out. … I also look forward to continuing my studies with Elephant & Cross in the future.”

Jean Farrugia
13 reviews

“Incredible service from Elephant & Cross, they have been assisting me wherever needed and giving me instant support when requested. … I highly recommend them if you want flexibility in your studies!

€220 a month. Then most of it back.

€220 a month, interest free, for twelve months. Finish, and Malta’s Get Qualified Scheme refunds up to 70% of it.

You pay€220a month12 interest-free payments · €2,640 in total
  • The diploma, tutoring, materials and certification
  • No sign-up fee, no interest, nothing hidden
  • Stop future payments whenever you need to
You get backup to70%Up to 70% back from the Malta Enterprise Get Qualified Scheme following graduation
  • Malta’s Get Qualified Scheme, Malta Enterprise
  • Claimed once you hold your certificate
  • We support you with the application

A minute on how the refund works.

What the Get Qualified Scheme is, who qualifies, and what you send when you finish.

Check if I qualify Get Qualified Scheme subject to Malta Enterprise Terms and Conditions

Study anytime. Completely online.

Built so you can keep your job while you do it.

How studying works
Management InformationModule 02 · Lesson 3 of 6Tue 22:40
  • Lecture, part 1Recorded · 21 minWatched
  • Lecture, part 2Recorded · 21 min23:10 left
  • Slides and notesPDF · 38 pagesDownload
  • Assignment brief2,000 words · no deadlineOpen

Everything is here from day one. Stop at 22:40 on a Tuesday, pick it up at 6am on Saturday.

Assignment 2Management Information · 2,000 wordsPass

Marked, with feedback

Strong analysis. Your recommendations follow from the evidence, which is the part most people miss. Two references need correcting, see comments.

Any questions on the feedback, book a session and we will go through it.

Your tutorOnline

I’m stuck on the bank reconciliation task and it’s late. 21:47

No problem. Tomorrow evening? 21:52

Tue18:00Booked1-to-1 with your tutor30 minutes · video call
Your portalFoundation Diploma in AccountingIn progress
  1. 01 Recording Financial TransactionsPassed
  2. 02 Management InformationStarted
  3. 03 Maintaining Financial RecordsWaiting for you

No dates. Nothing is late. Pick it up when you can.

Luca Cachia, co-founder of Elephant & Cross

“When I look at the data, most of our students are studying at 6pm and on Sunday mornings. I don’t see that as a problem to fix, it’s the whole point. This course was built for working professionals, parents, busy people.”

Luca CachiaCo-founder, Elephant & Cross

Three modules. Three assignments. No exams.

The three things every accounts role starts with: recording transactions, keeping the books, and understanding what management information is for. Each module ends in one written assignment, marked by a tutor with feedback.

30 credits · EQF Level 4 · OTHM

Level 4Modules 1 to 33 modules

  1. 01Recording Financial Transactions

    Source documents, and how income and expenditure are classified and recorded accurately.

  2. 02Management Information

    Cost and management accounting, what management information is for, and the ICT used to record it.

  3. 03Maintaining Financial Records

    Double-entry bookkeeping, a three-column cash book, and a bank reconciliation statement.

Then, if you want it: the Level 5.

Online Business SchoolDelivered by Online Business School

Your 30 credits are the entry to the Diploma in Accounting and Finance, Level 5: 120 credits, online, no exams, same portal and tutors. From there, the final year of the BA (Hons) Accounting & Finance.

About the Level 5 diploma
  1. Later, if you want itBA (Hons) Accounting & FinanceFinal year only. One year, online, at Arden University.
  2. Next, if you want itDiploma in Accounting and Finance, Level 5120 credits, online, no exams. Gets you into the final year of a degree.
  3. You are hereFoundation Diploma in AccountingLevel 4, this course. The equivalent of A-levels. Gets you into the Level 5 above.
Andrew Critien, co-founder of Elephant & Cross

“Most people who start with the foundation didn’t finish school the way they wanted to. A year later they’ve got a Level 4 diploma and they’re ready to progress to Level 5. It’s so rewarding.”

Andrew CritienCo-founder, Elephant & Cross
Where you live

The jobs this diploma opens.

Entry-level accounts roles ask for A-levels or equivalent. A Level 4 is that equivalent.

  • Accounts JuniorFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this
  • Accounts ClerkFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this
  • Bookkeeping AssistantFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this
  • Payroll AssistantFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this
  • Finance AdministratorFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this
  • Invoicing ClerkFinance · Full time · Malta
    RequiresLevel 4 or equivalent You’ll have this

Already in the field? The usual next step is the Level 5 diploma.

Check if I qualify

“The online platform was accessible 24/7, allowing me to effectively balance my studies with my work commitments. … I feel more confident and prepared to progress in my career.”

Amy Bonnici · 1 review

In Malta, people with a tertiary qualification earn 43% more on average and are 2.8 times as likely to hold a managerial role. Two in three of Malta’s managers hold one.

In Ireland, people with a tertiary qualification earn 63% more on average and are 1.5 times as likely to hold a managerial role.

Tertiary starts at Level 5. This diploma is the step to it.

Eurostat: Structure of Earnings Survey 2022 (pay) and Labour Force Survey 2024 (management roles). Tertiary means ISCED 5 to 8; this qualification sits at ISCED 5. These are population averages rather than a promise about any individual.

Yes, it is a real qualification.

Before you pay anything, you get a recognition statement from MQRIC, Malta’s recognition centre. It says what the diploma is worth here.

The diploma is awarded by OTHM, a UK awarding organisation, and regulated by Ofqual, the UK government’s qualifications regulator. Level 4 on Malta’s framework and the EU framework, the equivalent of A-levels. Level 5 in Ireland. An employer anywhere in the EU reads it the same way.

Check if I qualify

Every course at this level: Diplomas in Malta · Diplomas in Ireland

Malta Qualifications Recognition Information CentreRecognition statement
Recognised
Qualification
Foundation Diploma in Accounting
Awarding body
OTHM, United Kingdom
Regulated by
Ofqual
Level
MQF Level 4 · EQF Level 4
Credits
30 credits

Issued to you before you start. Illustration; the wording on the real statement is MQRIC’s.

Still not sure?

The four questions we get asked most, in two minutes each.

Pick a question

“I haven’t studied in fifteen years. Do I even qualify?”

Yes, in most cases. The formal entry is a Level 3 qualification or equivalent, such as O-levels or an MCAST Level 3. If you do not have one, time spent in an accounts or admin role counts instead.

“I work full time. Where would the hours come from?”

Wherever you have them. Nothing is timetabled and nothing is due, so a busy month-end does not set you back. Most people finish in about ten months around a full-time job, and you can pause for up to 90 days.

“I was never any good at exams.”

There are none. Three written assignments, the kind of work you would do in an accounts office. Each comes back with feedback, and you resubmit until you pass.

“I can’t afford it right now.”

€220 a month, and most of it comes back. Twelve interest-free payments, no deposit. Finish, and Malta’s Get Qualified Scheme refunds up to 70% as a tax credit. We support you with the application.

See the numbers
“In addition to the course being reasonably priced, I truly valued the flexibility it afforded me to study at any time of day and turn in assignments without worrying about due dates. … The fact that the course was entirely assignment-based put me at ease.”
Donia Gres 1 review

Do you qualify?

The formal entry is a Level 3 qualification or equivalent, and you must be 16 or over. Good written English and a computer with internet. Choose the one that fits.

What you hold
You meet the entry

You meet the formal entry requirement.

Send your details and we confirm it, tell you the next start date and what to send.

Check if I qualify
Ask us

Years in an accounts or admin role are considered case by case.

Online Business School can grant an exemption on professional experience. You hear where you stand before any payment.

Check if I qualify

Who you are dealing with.

Online Business School delivers the course. Elephant & Cross enrols you and supports you from Malta.

Tuition centre

Online Business School

A UK online school delivering OTHM diplomas, Level 3 to Level 7, to students in more than 100 countries. Every module is taught through its online portal: recorded lectures, notes, and a tutor for the assignments. It offers Ofqual regulated qualifications.

Your support in Malta

Elephant & Cross

Online UK qualifications for working adults in Malta, based in Sliema since 2021. Founded by Andrew Critien and Luca Cachia. About 95% of our students work full time. We tell you if you qualify before you pay, handle the enrolment and the paperwork, and support you with the Get Qualified application when you finish.

5.0 on Google148 Tower Road, Sliema

“Their tutors were always there to support me whenever necessary, even on evenings and weekends.”
Nicole Camilleri 2 reviews

Still wondering?

Anything else, ask us. We reply within one working day.

What do I need to get in?

You must be 16 or over, with a Level 3 qualification such as O-levels or an MCAST Level 3 diploma, or equivalent. If you do not have one but have solid experience in an accounts or admin role, an exemption is usually granted. Good written English and a computer with internet.

Is the diploma recognised in Malta?

Yes. OTHM, a UK awarding body regulated by Ofqual, awards it. MQRIC recognises it in Malta at MQF Level 4, the same level as A-levels, and that level is read the same way across the EU.

Are there exams?

No. You are assessed through three written assignments, one per module, marked by a tutor with feedback. You can resubmit until you pass.

How long does it take?

Most students finish in about ten months around a full-time job. There are no deadlines, and you can pause for up to 90 days.

How does the 70% refund work?

Malta’s Get Qualified Scheme refunds up to 70% of your fees as a tax credit once you finish. All Malta residents are eligible. We support you with the application.

What happens if I stop paying?

You can stop future instalments whenever you need to, and nothing more is charged. Payments already made are not refunded.

What comes after this?

Your 30 credits are the entry to the Level 5 Diploma in Accounting and Finance: 120 credits, online, no exams, €220 a month. The Level 5 then takes you into the final year of a bachelor’s degree.

When can I start?

Intakes run throughout the year. Send your details and we tell you the next start date.

Check if you qualify.

Fifteen minutes. A straight yes or no. Nothing to pay before the call.

5.0 on Google15-minute callNo obligation

“Highly recommended for anyone wishing to get a degree or diploma with an accredited University while studying at their own pace and having tutor support when requested. … The team at E&C are very helpful, professional and supportive.”
Diana2 reviews · 5.0 on Google

No obligation. Nothing to pay before the call.