Level 5 Extended Diploma in Accounting and Business

What is the Level 5 Extended Diploma in Accounting and Business?

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).

The Level 4 units lay the foundation for subsequent learning by providing an introduction to relevant accounting and business topics. The units combine theoretical and practical knowledge in academic and research skills, the business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams.

Learners have the opportunity to progress and apply key skills and techniques to a variety of relevant subject areas through the Level 5 units. The course will provide learners with knowledge and skills in the areas of business strategy, financial management, planning, reporting and human resource management. Learners will also integrate their knowledge and skills from these disciplines and learn to produce a viable business plan.

Successful completion of this qualification will equip learners with the specialist skills and technical terminology to develop their accounting and business and management skills and to progress to further study or employment.

Who is this qualification for?

This Level 5 extended 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

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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 (learners must check with the delivery centre regarding this experience prior to registering for the programme)

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

Qualification structure and units

The OTHM Level 5 Extended Diploma in Accounting and Business qualification consists of 12 mandatory units, 240 credits, 2400 hours Total Qualification Time (TQT) and the recommended Guided Learning Hours (GLH) for this qualification is a minimum of 1200 hours.

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).

Source: OTHM qualification specification (PDF) · Ofqual qualification number 610/0728/6.

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, distance, and 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 the OTHM Level 5 Extended Diploma in Accounting and Business provides learners the opportunity for a wide range of academic progressions including the OTHM Level 6 Diploma in Accounting and Business qualification.

As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to gain direct entry into Year 3 of a three-year UK Bachelor’s degree programme. For more information visit the 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 Extended Diploma
3. Level 6 Diploma in Accounting and Business

Related OTHM qualifications

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

Other OTHM Accounting and Business qualifications

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