Overview
Accounting and finance are at the very heart of business operations. From banking to manufacturing, from huge service industries to micro businesses, the ability to manage, plan and account for money is still the ultimate measure of business success and the key driver of growth.
The objective of the OTHM Level 5 Diploma in Accounting and Business qualification is to provide learners with the knowledge and skills required by a middle manager in an organisation that may be involved in the areas of business strategy, financial management, financial reporting, financial planning/control and human resource management. Learners will also integrate their knowledge and skills and learn about the world of Business start-ups and how to develop a business plan.
The OTHM Level 5 Diploma in Accounting and Business consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
- Principles and Concepts of Business Strategy (20 credits)
- Financial Management (20 credits)
- Financial Planning and Control (20 credits)
- Financial Reporting (20 credits)
- The Management of Human Resources (20 credits
- Business Start-up: Conception to Market (20 credits)
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.
Requirements for the Diploma
This qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation) therefore learners are eligible to progress to master’s top-up programmes at many universities in the UK and overseas with advanced standing.
- Relevant Level 4 diploma or equivalent recognised qualification
- Mature learners (over 21) with management experience
- Learner must be 18 years or older at the beginning of the course
Programmes Offered
Explore diverse diploma programs, enhancing skills and knowledge for career advancement and specialized fields.
Diploma in Accounting and Business
OTHM qualifications at Level 5 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Foundation Degrees, Higher National Diploma (HND) and Year 2 of a three-year UK Bachelor's degree.
- Delivery: Online
- Duration: 1 Year
- Evaluation: Assignment Based
- Duration: 1 Year
- Medium: English
- No. of credits: 120
Progressions
Successful completion of Level 5 Diploma in Accounting and Business qualification provides learners the opportunity for a wide range of academic progressions including progression to Level 6 Diploma in Accounting and Business, and other relevant OTHM Level 6 Diplomas.
The Level 5 Diploma in Accounting and Business has been developed with career progression and professional recognition in mind. As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to gain direct entry into the final year of a three-year UK Bachelor’s degree.
