OTHM Level 5 Extended Diploma in Accounting and Business

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.

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

  1. 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.
  2. Enrollment and Orientation
    • Once accepted, enroll in the course and participate in an orientation session to understand course requirements, timelines, and assessment methods.
  3. 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.
  4. 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.
  5. Certification
    • Upon successful completion of all units and assessments, receive the OTHM Level 5 Extended Diploma in Accounting and Business
  6. 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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The OTHM Level 5 Extended Diploma in Accounting and Business is a comprehensive qualification designed to equip learners with the skills and knowledge needed for advanced roles in accounting, finance, and business management. Equivalent to the second year of a UK Bachelor’s degree, this diploma provides a solid foundation in accounting and business principles.

This qualification is ideal for:

Aspiring accountants and finance professionals
Business managers or those looking to move into business management roles
School leavers with a Level 3 qualification or A-Levels
Mature learners with relevant professional experience
Individuals aiming to progress to higher education or further qualifications in accounting or business

Entry requirements typically include:

A Level 3 qualification (e.g., BTEC, A-levels) or equivalent
Relevant management experience for mature learners (aged 21 and above)
Proficiency in English (for non-native speakers)

The OTHM Level 5 Extended Diploma usually takes 12 to 18 months to complete, depending on whether you study full-time or part-time.

Graduates can pursue careers in:

Accounting: Financial accountant, management accountant, auditor
Business: Business manager, financial analyst, business consultant
Leadership roles: Finance manager, operations manager, or strategic planner

Key benefits include:

  • International recognition: The qualification is Ofqual-regulated, ensuring global credibility.
  • Pathway to higher education: Progress to Level 6 or a Bachelor’s degree.
  • Career advancement: Equip yourself with practical skills for management or leadership positions.
  • Flexible learning: Study full-time, part-time, or online to suit your schedule.

Assessment is typically through assignments, projects, and exams that test both theoretical understanding and practical application of accounting and business principles.

The OTHM Level 5 Extended Diploma is offered by accredited institutions globally, with both online and blended learning options available.

To apply, visit an accredited institution’s website, complete the application form, and submit the necessary documents, such as proof of previous qualifications and English language proficiency (if required).