OTHM Level 5 Extended Diploma in Accounting and Business
OTHM Awarding Body
Average Completion Time: 6-18 Months
Course Level: 5
Study Method: Online
Study Units: 12 Units
Assessment Based
The OTHM Level 5 Extended Diploma in Accounting and Business could be the perfect stepping stone to help you reach your career goals. This globally recognized qualification provides you with the essential skills and knowledge required to excel in the financial and business sectors.
The OTHM Level 5 Extended Diploma in Accounting and Business is a comprehensive qualification designed to equip students with the knowledge and practical skills required to pursue leadership roles in accounting, finance, and business management. This qualification is equivalent to the second year of a UK bachelor’s degree, making it an ideal choice for individuals who want to further their studies in accounting and business or enhance their career prospects without committing to a full degree program.
The course covers a wide range of topics, including financial accounting, business strategy, management accounting, business ethics, and corporate finance. The emphasis is on both practical and theoretical learning, ensuring you gain the necessary skills to apply accounting principles and business concepts in real-world scenarios.
The OTHM Level 5 Extended Diploma in Accounting and Business offers a solid foundation for individuals seeking to build a successful career in accounting or business management. Whether you’re looking to climb the corporate ladder or expand your skill set, this qualification provides the academic and practical training needed to excel in the competitive world of business.
Entry Requirements
The OTHM Level 5 Extended Diploma in Accounting and Business is designed for learners aged 18 and above. The typical entry profile includes one or more of the following:
Relevant Level 3 Diploma or Equivalent
A Level 3 qualification or equivalent, such as a BTEC National Diploma, that demonstrates foundational knowledge in business or accounting.
GCE Advanced Level in 2 Subjects or Equivalent
A minimum of two A-levels or an equivalent qualification that showcases the learner’s academic abilities.
Mature Learners (Over 21)
Learners aged 21 and above with relevant management experience in business or accounting may also be eligible.
Mature learners should check with the delivery centre to confirm the eligibility of their work experience prior to registering.
This flexible entry profile allows a wide range of individuals, including those with academic qualifications or practical work experience, to enroll in the programme. It ensures that the course is accessible to both school leavers and mature learners aiming to further their career in accounting and business management.
Equivalences
The OTHM Level 5 Extended Diploma provides practical knowledge, skills, and competencies that are academically equivalent to higher-level qualifications. Key points include:
Equivalent to Higher National Diplomas (HND)
The Level 5 Extended Diploma is considered the same level of academic achievement as an HND, a widely recognized qualification in the UK and internationally.
Equivalent to Year 2 of a UK Bachelor’s Degree
The qualification is also comparable to the second year of a three-year UK Bachelor’s degree program, providing learners with the foundational knowledge and skills necessary to progress to the final year of a degree.
Practical and Academic Skills Development
It equips students with both theoretical understanding and practical expertise in business and accounting, making them job-ready for roles in management and accounting.
Pathway to Further Study
Graduates of the OTHM Level 5 Diploma can further their education by progressing to Level 6 qualifications or completing the final year of a Bachelor’s degree program.
International Recognition
The qualification is globally recognized, opening doors to career opportunities and further academic pursuits around the world.
Qualification structure
The OTHM Level 5 Extended Diploma in Accounting and Business is made up of 12 Mandatory Units, 240 Total Credits, 2400 Total Qualification Time (TQT), Minimum 1200 Guided Learning Hours (GLH)
To complete the qualification, learners must earn a total of 240 credits. This includes 120 credits at Level 4 (comprising 6 units), 120 credits at Level 5 (comprising 6 units)
The qualification structure ensures a comprehensive learning experience, combining foundational knowledge at Level 4 with advanced business and accounting concepts at Level 5.
Level 4 : 6 Mandatory Units
- Academic Writing and Research Skills (20 credits)
- Business and the Economic Environment (20 credits)
- Principles of Financial Accounting (20 credits)
- Quantitative Methods in a Business Context (20 credits)
- Management Accounting (20 credits)
- Leading and Managing Teams (20 credits)
Level 5 : 6 Mandatory Units
- 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)
Who is this Course For
The OTHM Level 5 Extended Diploma in Accounting and Business is ideal for individuals who want to build or enhance their careers in accounting, finance, or business management.
Aspiring Accountants and Finance Professionals
Ideal for those looking to gain practical accounting skills and knowledge to pursue a career in accounting, auditing, or financial analysis.
Business Professionals
Suitable for individuals already working in business and management roles who want to deepen their understanding of business operations, finance, and strategic decision-making.
School Leavers with Relevant Qualifications
If you have completed a Level 3 qualification or A-levels, this diploma provides a pathway to advanced accounting and business education without committing to a full degree program.
Mature Learners with Professional Experience
If you are over 21 and have relevant management or business experience, this course offers a flexible route for career advancement and further qualification.
Individuals Seeking Career Advancement or Change
Whether you’re looking to climb the career ladder or shift into the accounting and business sectors, this qualification opens doors to new opportunities.
Learners Interested in Further Study
This course also acts as a stepping stone for those wishing to progress to higher qualifications, such as a Level 6 diploma or Bachelor’s degree.
Future Progression
Successful completion of the OTHM Level 5 Extended Diploma in Accounting and Business opens up a range of academic and career progression opportunities:
Pathway to Level 6 Diploma
Learners can advance to the OTHM Level 6 Diploma in Accounting and Business, which further deepens knowledge and prepares for senior-level roles in accounting and business.
Direct Entry to Year 3 of a UK Bachelor’s Degree
As the qualification is Ofqual-regulated, it provides direct entry into the third year of a UK Bachelor’s degree in a relevant field, such as Accounting, Finance, or Business Management.
International Study Opportunities
The qualification is recognized internationally, giving learners the flexibility to continue their studies at universities and institutions worldwide.
Career Advancement
In addition to academic progression, this diploma equips learners with the skills needed for career growth in accounting, finance, and business management, with potential roles such as financial analyst, business consultant, or finance manager.
Professional Recognition
The OTHM qualification is widely recognized by employers and can enhance employ ability, especially in leadership and managerial positions within the accounting and business sectors.
This qualification provides learners with both the practical skills and academic pathways needed to further their education and career.
The Qualification Process
Qualification Process for the OTHM Level 5 Extended Diploma in Accounting and Business
- Eligibility Check and Application
- Ensure that you meet the entry requirements, including prior educational qualifications and relevant work experience in health and safety or a related field.
- Complete the application process through an approved OTHM training center, providing any necessary documentation and proof of qualifications.
- Enrollment and Orientation
- Once accepted, enroll in the course and participate in an orientation session to understand course requirements, timelines, and assessment methods.
- Course Study and Learning Activities
- Engage with six mandatory units that cover key areas of occupational health and safety management.
- Dedicate 1,200 hours of Total Qualification Time (TQT), including 600 Guided Learning Hours (GLH) through lectures, study materials, and interactive sessions.
- Assessment and Evaluation
- Complete unit assessments, which may include assignments, case studies, reports, and practical projects, to demonstrate your understanding of course content.
- Assessments are reviewed and graded by the center and are externally verified by OTHM to ensure quality and rigor.
- Certification
- Upon successful completion of all units and assessments, receive the OTHM Level 5 Extended Diploma in Accounting and Business
- Future Progression
- With this diploma, pursue career advancement in health and safety management, apply for Chartered status, or consider further academic progression, such as a Master’s degree
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