OTHM Level 5 Extended Diploma in Accounting and Business
This Ofqual-regulated 240-credit qualification provides learners with practical, industry-focused accounting and business skills equivalent to the first two years of a UK honours degree.
Course Features
This qualification offers a stimulating, employer-aligned programme combining Level 4 foundation units with Level 5 specialist units across accounting and business disciplines.
- A stimulating and challenging programme that is both engaging and informative for learners
- Learners gain essential subject knowledge needed to progress into further study or employment
- Simplified structure with core learning at Level 4 and advanced specialisation at Level 5
- Refreshed content closely aligned with employer and higher education needs
- Assessments that consider cognitive, affective and applied skills with OTHM-set unit assignments
- Learners develop active research skills, analytical skills, critical thinking, creative problem-solving and digital literacy
About This Course
Accounting and finance are at the very heart of business operations. From banking to manufacturing, from service industries to micro businesses, the ability to manage, plan and account for money is the ultimate measure of business success and the key driver of growth. Many accountants occupy key managerial positions, yet few are qualified managers. In the increasingly complex modern business environment, there is high demand for skilled professionals who can work flexibly across business boundaries.
The objective of this qualification is to provide learners with an understanding of accounting and business in the broader business context, and to equip them with practical, industry-focused skills to manage business finances, budgets and cash flow effectively, and to play a key role in business growth.
The Level 4 units lay foundations in academic and research skills, the business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams.
The Level 5 units allow learners to specialise in business strategy, financial management, planning, reporting, human resource management and business start-up planning.
Successful completion equips learners with specialist skills and technical terminology to develop their accounting, business and management capabilities and to progress to further study or employment.
The qualification is Ofqual regulated and carries 240 credits with a Total Qualification Time of 2400 hours.
12 mandatory units totalling 240 credits (120 at Level 4 and 120 at Level 5)
Each unit carries 20 credits, 100 Guided Learning Hours and 200 hours Total Qualification Time
Equivalent to a Higher National Diploma (HND) and Year 2 of a three-year UK Bachelor's degree
Approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation)
Qualification Accreditation Number (QAN): 610/0728/6
Designed for delivery over two academic years full-time, with flexible part-time and distance learning options
What You'll Learn
Upon successful completion of this qualification, learners will have developed comprehensive knowledge and practical skills across accounting and business disciplines.
Develop strong academic writing and research capabilities including critical thinking and logical argumentation
Analyse how the internal and external business environment and macro/micro-economic factors impact organisations
Apply principles of financial accounting including double-entry bookkeeping, year-end adjustments and financial statement preparation
Use quantitative methods to construct graphs, interpret data and inform business decision-making
Understand management accounting functions including budgeting, standard costing, variance analysis and break-even analysis
Develop leadership and team management skills, applying motivation theories and team development models
Who Should Attend?
This qualification is designed for learners who are typically aged 18 and above and wish to build knowledge and skills for a career in accounting and business management across a wide range of industries.
Individuals holding a relevant Level 3 Diploma qualification or equivalent
Learners with GCE Advanced level passes in 2 subjects or equivalent qualifications
Mature learners over 21 with relevant management experience
Aspiring accountants and business managers seeking foundational to intermediate-level qualifications
Professionals aiming to progress into middle management roles involving financial decision-making
Learners seeking a pathway to the final year of a UK Bachelor's degree programme
Course Content
Explore the comprehensive OTHM Level 5 Extended Diploma in Accounting and Business course content designed to help you master the material through structured modules and lessons.
Business and the Economic Environment
Principles of Financial Accounting
Quantitative Methods in a Business Context
Management Accounting
Leading and Managing Teams
Principles and Concepts of Business Strategy
Financial Management
Financial Planning and Control
Financial Reporting
The Management of Human Resources
Business Start-up: Conception to Market
Course Requirements
Learners must meet at least one of the following entry requirements. Non-native English speakers must provide evidence of English language competency as per OTHM's English Language Expectations.
A relevant Level 3 Diploma qualification or equivalent, or GCE Advanced level in 2 subjects or equivalent
Mature learners (over 21) with relevant management experience must verify eligibility with the delivery centre prior to registration
Assessments
All units are internally assessed by the approved centre and externally verified by OTHM. The qualification is criterion referenced, based on the achievement of all specified learning outcomes. Learners must fulfil all learning outcomes and meet the standards specified by all assessment criteria to achieve a pass for each unit.
Written coursework assignments set by OTHM for each unit
Preparation of financial statements and accounting calculations where applicable
Presentations of 10 minutes duration for selected learning outcomes in specific units
Reflective logs for self-assessment of leadership and management capabilities
Progression
Successful completion provides learners with a wide range of academic and career progression opportunities. As this qualification is Ofqual regulated, learners may be eligible for direct entry into the final year of a three-year UK Bachelor's degree.
Progress to the OTHM Level 6 Diploma in Accounting and Business
Gain direct entry into Year 3 of a three-year UK Bachelor's degree programme
Progress to top-up degree, Master's programme or MBA at UK and overseas universities with advanced standing
Enter employment in accounting, finance, business management and related occupational roles
Apply Now For This Course
Fill out the application form below to enroll in OTHM Level 5 Extended Diploma in Accounting and Business. Our team will review your application and contact you shortly with enrollment details.
