OTHM Level 5 Extended Diploma in Accounting and Business

The OTHM Level 5 Extended Diploma in Accounting and Business is a comprehensive qualification designed to provide students with the essential knowledge and skills required for a successful career in accounting, finance, and business management. This diploma focuses on areas such as financial accounting, management accounting, business strategy, and organizational behavior. It equips learners with both theoretical understanding and practical expertise to excel in accounting roles or managerial positions within the business sector.

Why Choose this Qualification

The OTHM Level 5 Extended Diploma in Accounting and Business offers a wealth of benefits for those looking to advance their career in accounting, finance, or business management:

Industry-Relevant Skills
Develop practical expertise in key areas such as financial accounting, management accounting, business strategy, and organizational behavior, equipping you for the demands of the business world.

Career Advancement
This qualification provides a solid foundation for managerial and senior roles in accounting and business management, preparing you for a range of positions such as finance manager, accounting supervisor, or business consultant.

Global Recognition
Awarded by OTHM and regulated by Ofqual (UK), this diploma is internationally recognized, making it a valuable credential for employers worldwide.

Pathway to Higher Education
The diploma provides an excellent route for progression to Level 6 qualifications or degree programs, allowing you to further specialize in accounting, finance, or business management.

Flexible Study Options
The course is available through flexible study modes, including online and blended learning, making it suitable for working professionals seeking to balance study with work commitments.

Practical Approach
With a focus on real-world application, this qualification ensures you gain skills that can be immediately applied to your career, enhancing your employability and ability to succeed in the business environment.

Course Overview

Awarding Body: OTHM

Course Level: Level 5 Extended

Average Completion Time:
6 to 24 Months

Study Units : 12

Evidence & Assignment Based

Qualification Structure

The OTHM Level 5 Extended Diploma in Accounting and Business comprises 12 mandatory units totaling 240 credits. The qualification requires a Total Qualification Time (TQT) of 2,400 hours, with a recommended minimum of 1,200 Guided Learning Hours (GLH).

To complete the diploma, learners must earn 240 credits, with 120 credits at Level 4 (covering 6 units) and 120 credits at Level 5 (covering 6 units).

Level 4: 6 Mandatory units:

  • Academic Writing and Research Skills 
  • Business and the Economic Environment 
  • Principles of Financial Accounting 
  • Quantitative Methods in a Business Context
  • Management Accounting
  • Leading and Managing Teams

Level 5: 6 Mandatory units:

  • 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 
About Trainer
Contact Us
Register Now

Who Should Take This Course

The OTHM Level 5 Extended Diploma in Accounting and Business is ideal for individuals who are passionate about finance, accounting, and business operations. This course is well-suited for:

✅ Individuals Planning for Further Studies such as a Level 6 diploma or a university degree in accounting, business, or finance-related fields.

✅ Aspiring Accountants and Finance Professionals looking to build a strong foundation in accounting principles and business practices.

✅ Recent School or College Graduates who want to begin a structured academic journey toward a career in accounting or business management.

✅ Working Professionals seeking to formalize their experience with a recognized qualification and enhance their career prospects.

✅ Entrepreneurs and Business Owners aiming to strengthen their financial and business decision-making skills.

✅ International Students looking for a globally recognized UK qualification in business and finance.

Course Benefits

The OTHM Level 5 Extended Diploma in Accounting and Business offers a wide range of benefits that prepare learners for success in the financial and business sectors:

Enhanced Employability
Boost your CV with a strong academic credential that demonstrates your commitment and capability in accounting and business.

Comprehensive Knowledge Base
Gain in-depth understanding of financial accounting, business law, management accounting, and organizational behavior, equipping you with versatile skills.

Career Advancement
Open doors to a variety of roles such as junior accountant, finance assistant, business analyst, or administrative manager.

Globally Recognized Qualification
Awarded by OTHM and regulated by Ofqual (UK), this diploma is respected by employers and academic institutions worldwide.

Pathway to Higher Education
Progress smoothly to Level 6 qualifications or gain entry into the final stages of a bachelor’s degree in accounting, finance, or business.

Practical and Career-Focused
The curriculum is designed to reflect real-world business environments, helping learners apply theory to practice effectively.

Flexible Learning Options
Available through online, blended, or classroom-based formats to suit various learning styles and schedules.

Eligibility Criteria

To enroll in the OTHM Level 5 Extended Diploma in Accounting and Business, applicants must meet the following entry criteria:
Age
Applicants must be 18 years of age or older at the time of enrollment.
Experience
While previous work experience in accounting, finance, or business is not mandatory, it can be beneficial and may strengthen an application.
Educational Background
A Level 3 qualification (such as A-Levels, an OTHM Level 3 Diploma, or equivalent) is required. Candidates with substantial relevant experience but without formal qualifications may also be considered on a case-by-case basis.
English Language Competency
For non-native English speakers, proof of English language proficiency is required. This can be demonstrated through:
An IELTS score of 5.5 or equivalent
Prior education completed in English
Other recognized English language qualifications

The Qualification Process

Here is a step-by-step guide to help you understand the entire journey from pre-registration to certification:

1. Initial Assessment and Enrollment

  • Application and Eligibility Check: To begin the process, you will need to complete an application form. The training provider will review your eligibility based on your work experience, current role, and relevant qualifications.
  • Enrollment: Once your eligibility is confirmed, you will be enrolled in the program. You will receive information on the course structure, key requirements, and resources available to support your learning.
2. Course Structure and Content
  • Unit-Based Learning: The qualification is made up of several units that focus on core topics in quality control, quality assurance, regulatory compliance, risk management, and continuous improvement. You will be required to complete all units and demonstrate your proficiency in these areas.
  • Work-Based Learning: As a work-based qualification, the OTHM Level 5 Extended Diploma emphasizes the application of learning in real-world scenarios. You will need to collect evidence of your competence by demonstrating how you have implemented quality systems and processes in your workplace.
3. Ongoing Support and Assessment
  • Dedicated Assessor: Throughout the course, you will be assigned a qualified assessor who will guide you through the process. The assessor will provide ongoing support, review your progress, and offer feedback on your work.
  • Assessments: You will be assessed via a combination of methods, including:
    • Portfolio of Evidence: Collecting evidence from your workplace to show how you apply quality management techniques, compliance measures, and process improvements.
    • Reflective Accounts: Writing reflective reports that describe your learning journey and how you’ve applied new skills in your role.
    • Professional Discussions: Engaging in discussions with your assessor to demonstrate your understanding of key concepts and practices in quality control and assurance.
    • Workplace Observation: In some cases, your assessor may conduct a direct observation of your work to ensure you meet the required standards.
4. Completion of All Required Units
  • To achieve the OTHM Level 5 Extended Diploma, you must successfully complete all required units in the qualification. Each unit is designed to test your ability to manage and improve quality assurance and control systems within your workplace.
5. Final Review and Verification
  • After completing all units and submitting your portfolio of evidence, your assessor will review your work to ensure it meets the required standards. This may involve revising some areas of your portfolio based on feedback.
  • Quality Verification: Your assessor’s evaluation will be verified by an internal quality assurer to ensure consistency and fairness in the assessment process.
6. Awarding of the Qualification
  • Once you have successfully completed all units and met the assessment criteria, the qualification will be awarded. You will receive Certification of the OTHM Level 5 Extended Diploma in Accounting and Business
7. Post-Qualification Support

After earning the diploma, you will be better equipped to take on senior roles in quality management. Many learners also benefit from continued support from the training provider, including access to professional development opportunities, industry networking events, and further qualifications.

FAQs

The OTHM Level 5 Extended Diploma in Accounting and Business is a UK-regulated qualification designed to equip learners with essential knowledge in accounting, finance, and business management. It provides 240 credits and serves as a pathway to a bachelor’s degree or career advancement in the finance sector.

This course is ideal for aspiring accountants, business professionals, recent school leavers, and individuals seeking to build a strong foundation in financial and business principles.

The diploma typically takes 12 to 18 months to complete, depending on the study mode (full-time, part-time, or online learning).

Yes, this qualification is awarded by OTHM and regulated by Ofqual (UK), making it internationally recognized and respected by employers and universities.

Yes, the OTHM Level 5 Diploma is available through online learning, blended formats, and classroom-based instruction, providing flexibility for working professionals and international students.

Upon completion, learners can progress to OTHM Level 6 qualifications, enter the final year of a relevant bachelor’s degree, or begin careers in accounting, finance, or business administration.

The course includes 12 mandatory units across Level 4 and Level 5, covering financial accounting, management accounting, business strategy, organizational behavior, and more.

You can apply through an OTHM-accredited learning provider. Submit your academic qualifications, proof of English proficiency, and any relevant work experience during the application process.

Inspire College of Technologies Pakistan (IITPakistan) is Approved Satellite Centre of OTHM

Similar Posts