Qualifi Level 5 Extended Diploma in Accounting and Finance
Qualifi Regulated Qualification
Average Completion Time:
4-8 Months
Course Level: 5 Extended
Study Method: Online
Study Units: 12 Units
Evidence & Assignment Based
The QUALIFI Level 5 Extended Diploma in Accounting and Finance is an advanced qualification designed to equip you with the practical skills and theoretical knowledge needed to excel in the financial sector. This diploma provides a clear pathway to a rewarding career in accounting, finance, or related fields, whether you’re just starting out or looking to upskill.
The QUALIFI Level 5 Extended Diploma is ideal for those seeking to specialize in accounting and finance. Whether you’re an aspiring accountant, finance professional, or business owner, this diploma offers comprehensive training to help you meet the demands of today’s fast-paced financial world.
The QUALIFI Level 5 Extended Diploma in Accounting and Finance offers a comprehensive education that will equip you with the skills needed for a successful career in the finance sector. Whether you’re looking to enhance your current role, switch careers, or continue your education, this diploma is an ideal choice for those serious about advancing in the field of accounting and finance.
Entry Requirements
Educational Background: Applicants should have a Level 4 qualification or its equivalent, such as the QUALIFI Level 4 Diploma or relevant certification in a related field like business or finance.
Relevant Experience: Candidates with practical experience in accounting, finance, or a related profession may be eligible, even without formal qualifications.
Basic Understanding of Accounting Principles: A foundational knowledge of accounting or finance is recommended, but not essential, as the course will cover core concepts in depth.
English Proficiency: Non-native English speakers must demonstrate proficiency in English, typically through an IELTS score or equivalent qualification, to ensure comprehension of course material.
Age Requirements: Applicants are typically required to be 18 years or older at the time of enrollment.
These requirements ensure that students have the necessary foundation to succeed in the QUALIFI Level 5 Extended Diploma in Accounting and Finance.
Equivalences
Bachelor’s Degree (Final Year): The QUALIFI Level 5 Extended Diploma is considered equivalent to the first two years of a bachelor’s degree, providing a strong foundation for further study in accounting and finance.
Level 5 Qualifications: This diploma is equivalent to other Level 5 qualifications such as a Foundation Degree or Higher National Diploma (HND) in accounting, business, or finance.
Professional Qualifications: The diploma aligns with various professional qualifications in accounting and finance, offering a pathway for those wishing to pursue certifications like ACCA (Association of Chartered Certified Accountants) or CIMA (Chartered Institute of Management Accountants).
Further Education Pathway: It provides a direct pathway to Level 6 diplomas or the final year of a related undergraduate degree, enhancing both academic and career opportunities in the finance and accounting sectors.
This course ensures that you receive a qualification recognized at multiple academic and professional levels, expanding your opportunities.
Qualification Structure
The Qualifi Level 5 Extended Diploma in Accounting and Finance qualification consists of 12 mandatory units of 240 credits for the completed qualification.
Mandatory Units
| Sr# | Unit Title |
|---|---|
| 1 | Accounting in a Business Context |
| 2 | Economics for Business Mathematical |
| 3 | Accounting Methods |
| 4 | Financial Accounting |
| 5 | Management Accounting |
| 6 | Leadership and Management in Accounting |
| 7 | Financial Management |
| 8 | Financial Planning and Control |
| 9 | Financial Reporting |
| 10 | Principles and Practices of Taxation |
| 11 | Management of People |
| 12 | Ethics and Corporate Responsibility in Business |
Who is this Course For
Aspiring Finance Professionals: Ideal for individuals working in finance or accounting who wish to advance to senior roles. This diploma provides the advanced knowledge necessary to move into managerial or strategic positions.
Career Changers: Perfect for those transitioning into accounting and finance from other fields. The course offers a structured pathway to gain expertise and make a successful career shift.
Recent Graduates: Graduates with a degree in business, economics, or finance who want to specialize further in accounting and finance. This diploma enhances employability by providing practical, advanced knowledge.
Experienced Professionals Seeking Specialization: For seasoned professionals in finance or accounting who lack formal higher-level qualifications, this diploma helps formalize their expertise and advance their careers.
Those Looking to Pursue Further Education: A strong foundation for those considering higher-level qualifications, providing the necessary depth of knowledge for advanced studies.
Future Progression
Higher-Level Qualifications: This diploma provides a strong foundation for progression to Level 6 Diplomas or the final year of a related undergraduate degree, helping you advance academically and professionally.
Professional Certifications: The diploma prepares you for certifications from leading professional bodies, such as ACCA (Association of Chartered Certified Accountants), CIMA (Chartered Institute of Management Accountants), or AAT (Association of Accounting Technicians), enhancing your career prospects.
Advanced Career Opportunities: Graduates can pursue senior roles in finance management, financial analysis, auditing, or accounting. The qualification opens doors to managerial and strategic positions in accounting and finance.
Entrepreneurial Growth: If you’re an entrepreneur or small business owner, this diploma helps you manage your business finances more effectively, enabling growth and success in your ventures.
Global Opportunities: The globally recognized qualification enhances your prospects for working in international finance, accounting, and multinational organizations.
The Qualification Process
Here’s a clear guide to the journey from pre-registration to certification:
Self-Assessment: Start by evaluating your own eligibility to ensure you meet the qualification requirements.
Registration: Complete your registration by paying the fee and submitting your documents, including a scanned copy of a valid ID.
Induction: An assessor will conduct an induction to verify your eligibility and explain the evidence requirements. If the assessor determines that you do not meet the requirements, your registration will be canceled and the fee refunded.
Evidence Submission: Provide the necessary evidence based on the assessment criteria. If needed, consult with the assessor about the type and nature of evidence required.
Feedback and Revision: The assessor reviews your evidence and provides feedback. Evidence meeting the criteria is marked as “criteria met,” while any gaps will be identified for you to address and resubmit.
Competence Evidence: Submit final evidence demonstrating attainment of all learning outcomes, marked as “Criteria met” by the assessor.
Internal Quality Assurance: The Internal Quality Assurance Verifier (IQA) checks for consistency and standards.
External Verification: The IQA presents your portfolio to OTHM’s External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you to verify the authenticity of your evidence.
Certification: Upon satisfactory completion of all checks, Qualifi will issue your official certificate.
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