Qualifi Level 5 Extended Diploma in Accounting and Finance
The Qualifi Level 5 Extended Diploma in Accounting and Finance is an internationally recognized qualification that provides a comprehensive foundation in financial management, accounting, and business analysis. Regulated by Ofqual, this course is designed to equip learners with the advanced skills required for managerial roles in accounting and finance. It covers critical areas such as financial reporting, management accounting, auditing, taxation, budgeting, and financial decision-making, ensuring a well-rounded understanding of the finance sector.
Ideal for those seeking career advancement in finance or pursuing further academic qualifications, this diploma offers an efficient pathway to senior roles in the accounting profession. With its flexible, assignment-based assessment structure, learners gain practical skills that are directly applicable in real-world business environments. Recognized globally, the Qualifi Level 5 Diploma is a gateway to higher education, professional certifications, and career opportunities in finance, banking, consultancy, and corporate sectors worldwide.
Why Choose this Qualification
The Qualifi Level 5 Extended Diploma in Accounting and Finance offers numerous advantages for individuals looking to enhance their financial expertise and advance their careers in the global finance sector. Here’s why this qualification stands out:
- Globally Recognized: Accredited by Ofqual, this qualification is widely recognized by employers and academic institutions worldwide, ensuring its value across diverse international markets.
- Pathway to Higher Education: Graduates of this diploma can progress directly into the final year of a university Bachelor’s degree (Top-Up) in accounting, finance, or related business fields, providing a clear academic progression route.
- Comprehensive Curriculum: The course covers key areas of accounting and finance, including financial management, budgeting, taxation, auditing, and financial reporting, preparing learners with the knowledge required for senior financial roles.
- Flexible Learning Options: Available through online, part-time, and blended learning, the diploma offers flexibility to balance study with work or other commitments, making it accessible to professionals worldwide.
- No Exams – Assignment-Based Assessment: The course is assessed through practical assignments, offering learners the opportunity to demonstrate their skills in real-world financial scenarios, rather than through high-pressure exams.
- Industry-Relevant Skills: This qualification equips learners with the technical, analytical, and strategic skills needed to excel in a range of financial sectors, from corporate finance to accounting and consulting roles.
- Enhanced Career Opportunities: The diploma enhances employability by providing learners with the qualifications and expertise sought by employers in banking, financial services, accounting firms, and other financial institutions.
- International Recognition: The global recognition of this qualification provides access to finance career opportunities worldwide, whether you’re looking to work in multinational companies or pursue consultancy and advisory roles.
By choosing the Qualifi Level 5 Extended Diploma in Accounting and Finance, you invest in a qualification that not only boosts your career prospects but also offers the flexibility and depth needed to succeed in the competitive and ever-evolving finance industry..
Course Overview
Ofqual Regulated Qualification
Course Level: 5 Extended
Average Completion Time:
6-24 Months
Study Units: 8 Units
Evidence & Assignment Based
Qualification Structure
The Qualifi Level 5 Extended Diploma in Accounting and Finance qualification is structured to provide 240 credits at Level 5 and is regulated by Ofqual (Office of Qualifications and Examinations Regulation, UK).
Mandatory Units
Mandatory Units
- Accounting in a Business Context
- Economics for Business Mathematical
- Accounting Methods
- Financial Accounting
- Management Accounting
- Leadership and Management in Accounting
- Financial Management
- Financial Planning and Control
- Financial Reporting
- Principles and Practices of Taxation
- Management of People
- Ethics and Corporate Responsibility in Business
Who Should Take This Course
The Qualifi Level 5 Extended Diploma in Accounting and Finance is ideal for individuals who wish to develop their expertise in financial management and accounting to progress in their careers or pursue further education. Here’s who should consider this course:
- Aspiring Financial Professionals: If you are looking to build a strong foundation in accounting and finance, this qualification is perfect for you. It prepares you for senior financial roles in accounting firms, banks, and corporate finance departments.
- Individuals Seeking Career Progression: If you already work in a financial role and want to enhance your skills and knowledge to advance to managerial or leadership positions, this course is designed to help you achieve that.
- Graduates of Level 4 Diplomas: Those who have completed a Level 4 qualification in accounting, finance, or business and are looking to deepen their expertise in finance and accounting should consider this course as the next step in their professional journey.
- Aspiring Accountants: This diploma provides a pathway for those aiming to become Chartered Accountants or pursue further qualifications such as ACCA (Association of Chartered Certified Accountants) or CIMA (Chartered Institute of Management Accountants).
- Business Professionals Transitioning to Finance Roles: If you have a background in business or management and wish to move into a more specialized finance role, this course will equip you with the knowledge and practical skills to make a successful transition.
- International Learners: The qualification is suitable for individuals worldwide who wish to gain a globally recognized accounting and finance qualification that can open doors to international career opportunities.
- Professionals Seeking Flexible Learning: If you are currently employed or have other commitments, the flexible study options (online, part-time, and blended learning) allow you to balance work and study without compromising on your career.
This diploma is designed for anyone committed to advancing their financial career, acquiring industry-relevant skills, and gaining a qualification that is recognized globally.
Course Benefits
The Qualifi Level 5 Extended Diploma in Accounting and Finance offers a wealth of benefits for individuals looking to advance their careers in the finance and accounting sectors. Below are the key advantages of pursuing this qualification:
- Globally Recognized Qualification: Accredited by Ofqual, this diploma is recognized worldwide, increasing your employability and providing access to career opportunities in international finance and accounting markets.
- Pathway to Higher Education: This diploma provides a direct route to the final year of a Bachelor’s degree (Top-Up) in accounting, finance, or related fields, making it an ideal stepping stone for further academic advancement.
- Industry-Relevant Knowledge and Skills: The course equips you with the practical, technical, and strategic skills required for financial management, financial reporting, budgeting, auditing, and decision-making in real-world business environments.
- Flexible Learning Options: Available through online, part-time, and blended learning modes, the qualification allows you to study at your own pace, making it suitable for busy professionals and international learners.
- No Exams – Assignment-Based Assessment: The qualification is assessed through practical assignments rather than exams, which enables learners to demonstrate their knowledge through coursework and real-world scenarios, reducing exam stress.
- Enhanced Career Prospects: With expertise in key areas of accounting and finance, you will be prepared for senior roles in finance departments, accounting firms, banks, and corporate organizations, enhancing your job prospects.
- Professional Development: The diploma provides the skills necessary for career progression, helping you transition into more senior roles such as financial analyst, management accountant, auditor, or finance manager.
- Supports Career Change or Advancement: Whether you are transitioning into finance from another field or looking to climb the career ladder in your current finance role, this qualification equips you with the credentials and expertise to achieve your career goals.
- Comprehensive Curriculum: The curriculum is designed to provide a deep understanding of the principles of accounting and finance, covering topics like financial reporting, management accounting, taxation, and financial analysis to ensure you are well-prepared for professional challenges.
- International Career Opportunities: With a qualification that is accepted globally, you can pursue finance and accounting roles in multinational companies, banks, and financial institutions around the world.
By choosing the Qualifi Level 5 Extended Diploma in Accounting and Finance, you are investing in a qualification that offers practical benefits, career advancement, and a pathway to higher education, all while equipping you with the knowledge needed to excel in the dynamic and competitive finance industry.
Eligibility Criteria
To enroll in the Qualifi Level 5 Extended Diploma in Accounting and Finance, candidates must meet the following eligibility criteria:
Age Requirement: Applicants must be at least 18 years old at the time of enrollment.
Educational Background:
A minimum of Level 4 qualification in Accounting, Finance, Business, or a related field is typically required. This can include a Level 4 diploma, a foundation degree, or equivalent academic qualifications.
Candidates with equivalent work experience or relevant professional qualifications may also be considered for admission.
English Language Proficiency: As the course is delivered in English, a sufficient level of English language proficiency is required. This is typically demonstrated by:
A minimum of IELTS 5.5 or equivalent, or
A proven record of studying or working in an English-speaking environment.
Basic Mathematical and IT Skills: Since the course involves financial reporting, accounting, and analysis, candidates should possess basic mathematical and IT skills to successfully engage with the course content.
Professional Experience (Optional): While prior professional experience in accounting or finance is not mandatory, it is beneficial. Candidates with practical experience in related fields may find it easier to grasp the course material and apply their learning in real-world scenarios.
Note: Each applicant will be assessed on a case-by-case basis, and additional qualifications or experience may be considered in lieu of formal academic prerequisites.
If you meet these criteria and are eager to advance your career in accounting and finance, the Qualifi Level 5 Extended Diploma offers an excellent opportunity for professional and academic growth.
The Qualification Process
The Qualifi Level 5 Extended Diploma in Accounting and Finance follows a structured and learner-friendly process, ensuring that students receive the support they need to succeed. Here’s an overview of the qualification process:
- Enrollment and Registration:
- Upon meeting the eligibility criteria, you can register for the course either through an accredited learning provider or directly with Qualifi. During registration, you will select the study mode (online, part-time, or blended learning) that best suits your schedule and preferences.
- Course Duration:
- The qualification is designed to be completed within 12 to 18 months, depending on your chosen study pace and prior experience. Flexible study options allow you to progress at your own speed while balancing professional or personal commitments.
- Curriculum and Course Delivery:
- The course is delivered via self-paced learning combined with support from qualified tutors. The curriculum includes core modules covering financial management, budgeting, financial reporting, management accounting, auditing, and taxation, among other topics.
- Learning materials, resources, and assignments are provided through an online learning portal, accessible at any time. This ensures you have continuous access to study materials, facilitating a smooth learning experience.
- Assessment Method:
- Assignment-Based Assessment: Unlike traditional exams, this qualification uses practical assignments to assess your understanding and application of the subject matter. These assignments are designed to reflect real-world scenarios in the finance and accounting industries.
- Assignments are submitted through the learning portal, and feedback is provided by tutors, allowing you to track your progress and identify areas for improvement.
- Support and Guidance:
- Throughout your learning journey, you will receive personalized support from experienced tutors and academic advisors. You will have access to online discussion forums, study groups, and one-on-one consultations to ensure you are always supported.
- Additionally, some providers may offer workshops or webinars to enhance your learning experience.
- Completion and Certification:
- Upon successful completion of the required assignments and meeting all course requirements, you will be awarded the Qualifi Level 5 Extended Diploma in Accounting and Finance. This qualification is regulated by Ofqual and is globally recognized.
- You will receive your certificate, which you can use to pursue higher education opportunities or advance your career in the finance sector.
- Further Opportunities:
- Graduates of this diploma can progress to the final year of a Bachelor’s degree (Top-Up) in accounting, finance, or business, or pursue professional certifications from institutions like ACCA (Association of Chartered Certified Accountants) or CIMA (Chartered Institute of Management Accountants).
- Alternatively, the diploma equips you with the practical skills to move into higher roles within accounting firms, financial departments, or financial consulting companies.
The Qualification Process is designed to be accessible, flexible, and supportive, ensuring that you can achieve your academic and professional goals in accounting and finance, regardless of your background or location.
