Assessment overview
Students must complete all four components to be awarded the Cambridge OCR Level 3 V Level in Accounting and Finance, totalling 360 guided learning hours (GLH).
Content overview
Students learn how to interpret financial information, assess organisational performance, compare financial options and communicate clear recommendations to stakeholders.
F065: Accounting for business
Accounting information is used by organisations to record financial activity, communicate performance and financial position, and support accountability and informed decision-making.
In this unit students will learn:
- the purpose of accounting and its role in different organisations
- how financial transactions are generated, processed and presented in financial statements
- how accounting concepts, assumptions, estimates and professional judgement influence the reliability of financial information
- how digital accounting systems and emerging technologies are used in modern accounting
- the risks associated with data confidentiality, cybersecurity, data integrity and automated systems
F066: Financial management for business
Financial management helps organisations evaluate performance, plan for the future, allocate resources and make informed decisions.
In this unit students will learn:
- how financial information is used by organisations and their stakeholders
- how to interpret financial statements and analyse performance using financial ratios
- how transactions affect financial performance and financial position
- how budgets, variance analysis, costing, contribution and break-even analysis support decision-making
- how investment appraisal techniques are used to evaluate financial options within ethical, environmental and governance frameworks
F067: Making financial decisions
Financial decisions help organisations achieve their objectives, respond to challenges and use resources effectively. This unit develops the skills needed to analyse financial information, evaluate options and make informed recommendations.
In this unit students will learn:
- how to define a financial issue and establish desired outcomes
- how to research and evaluate options within organisational contexts
- how to use financial statements, budgets, variance analysis and cost data to compare options and support decision-making
- how break-even and investment appraisal techniques are used to assess financial options
- how risk, uncertainty, professional judgement and environmental, social and governance (ESG) factors influence financial recommendations
F068: Communicating financial information
Financial information helps organisations explain performance and position, meet regulatory requirements and support stakeholder decision-making. This unit develops the skills needed to analyse, interpret and communicate financial information effectively.
In this unit students will learn:
- how to obtain and interpret financial and non-financial information from a range of sources
- how to assess performance using financial ratios, cash flow information and trend analysis
- how accounting principles, estimates and professional judgement can influence financial reporting
- how to communicate financial information clearly using appropriate terminology, formats and digital tools
- how ethics, governance and regulatory requirements support accountability and stakeholder confidence