Overview
The objective of the OTHM Level 5 Extended Diploma in Accounting and Business qualification is to provide learners with an understanding of accounting and business in the broader business context, and to provide them with the practical, industry-focused skills to manage business finances, budgets and cash flow effectively, and to play a key role in business growth. Learners will build the knowledge and skills required for a career in a wide range of businesses, where accounting and business literacy are key skills for managers at all levels.
Learners will study level 4 and 5 units, worth 120 credits per academic year with a total credit value of 240 credits (equivalent to the first 2 years of an honours degree).
OTHM Level 5 Extended Diploma in Accounting and Business represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Higher National Diplomas (HND) and Year 2 of a three-year UK Bachelor’s degree programme.
Entry requirements
These qualifications are designed for learners who are typically aged 18 and above.
The entry profile for learners is likely to include at least one of the following:
· Relevant Level 3 Diploma qualification or equivalent qualification
· GCE Advanced level in 2 subjects or equivalent qualification
· Mature learners (over 21) with relevant management experience
· English requirements: If a learner is not from a majority English-speaking country, they must provide evidence of English language competency.
Qualification structure
The OTHM Level 5 Extended Diploma in Accounting and Business qualification consists of 12 mandatory units making it combined study of 240 credits.
To achieve the OTHM Level 5 Extended Diploma in Accounting and Business, learners must achieve 240 credits, of which 120 credits are at Level 4 (6 units) and 120 credits are at Level 5 (6 units).
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)
Duration and delivery
The qualification is designed to be delivered over two academic years for full-time study but it is also flexible in its delivery in order to accommodate part-time and distance learning. The qualification is delivered face-to-face, through lectures, tutorials, seminars and online sessions.
Assessment and verification
All units within this qualification are internally assessed by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.
To achieve a ‘pass’ for a unit, learners must provide evidence to demonstrate that they have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria.
Progressions
Successful completion of the OTHM Level 5 Extended Diploma in Accounting and Business provides learners the opportunity to gain direct entry into Year 3 of a three-year UK Bachelor’s degree programme.