Level 5 Diploma in Accounting and Business

What is the Level 5 Diploma in Accounting and Business?

Accounting and finance are at the very heart of business operations. From banking to manufacturing, from huge service industries to micro businesses, the ability to manage, plan and account for money is still the ultimate measure of business success and the key driver of growth.

The objective of the OTHM Level 5 Diploma in Accounting and Business qualification is to provide learners with the knowledge and skills required by a middle manager in an organisation that may be involved in the areas of business strategy, financial management, financial reporting, financial planning/control and human resource management. Learners will also integrate their knowledge and skills and learn about the world of Business start-ups and how to develop a business plan.

Who is this qualification for?

This Level 5 diploma suits learners who hold a Level 4 qualification or equivalent experience and want second-year degree-level knowledge in accounting and business.

• Study fully online with tutor support from LSIB, with no fixed timetable.
• Assessment by assignments, so you can evidence learning from your own workplace.
• Each level carries 120 credits, so you can progress one level at a time.

Entry requirements

For entry onto the OTHM Level 5 Diploma in Accounting and Business qualification, learners must possess:

• Relevant Level 4 diploma or equivalent recognised qualification
• Learner must be 18 years or older at the beginning of the course
• Mature learners (over 21) with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)

If a learner is not from a majority English-speaking country must provide evidence of English language competency. For more information visit English Language Expectations page.

Qualification structure and units

The OTHM Level 5 Diploma in Accounting and Business consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.

Source: OTHM qualification specification (PDF) · Ofqual qualification number 610/1479/5.

Duration and delivery

The qualification is designed to be delivered over one academic year 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, distance, online by approved centres only.

At LSIB the qualification is delivered online: you receive the unit materials, assignment briefs and tutor support through the learning platform and submit assignments when you are ready. There are no fixed lecture times, so you can start in any month.

How you are assessed

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. Judgement that the learners have successfully fulfilled the assessment criteria is made by the Assessor.

The Assessor should provide an audit trail showing how the judgement of the learners’ overall achievement has been arrived at.

Progression and career routes

Successful completion of Level 5 Diploma in Accounting and Business qualification provides learners the opportunity for a wide range of academic progressions including progression to Level 6 Diploma in Accounting and Business, and other relevant OTHM Level 6 Diplomas.

The Level 5 Diploma in Accounting and Business has been developed with career progression and professional recognition in mind. As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to gain direct entry into the final year of a three-year UK Bachelor’s degree.

For more information visit University Progressions page.

Fees and how to apply

The enrolment fee is £10 when you submit your application. It is separate from the course fee above.

1. Apply and pay the £10 enrolment fee Use Apply now to open the application form with this programme pre-selected. Complete the form, upload your ID and qualification certificates (or a CV showing relevant experience), and pay the £10 enrolment fee to submit.
2. Application review and course-fee link Admissions review your application within one working day. If you are approved, we email you a secure link to pay the course fee in full or on an instalment plan.
3. Start your course As soon as your course fee (or first instalment, if you chose a plan) is paid, you receive your learning-platform login and can begin the first unit. There is no fixed intake date.

Progression path

1. Level 4 Diploma
2. Level 5 Diploma
3. Level 6 Diploma in Accounting and Business

Related OTHM qualifications

• Level 5 Extended Diploma in Accounting and Business
• Level 5 Diploma in Business Management
• Level 5 Extended Diploma in Business Management

Other OTHM Accounting and Business qualifications

• Level 4 Diploma in Accounting and Business — 120 credits
• Level 5 Extended Diploma in Accounting and Business — 240 credits
• Level 6 Diploma in Accounting and Business — 120 credits