OTHM | Regulated Qualification | RQF Level 5 | 1 year – 2 years | Online (Self-Paced) | Instalment plans
Advance your financial expertise and business insight with the OTHM Level 5 Extended Diploma in Accounting and Business.
The OTHM Level 5 Extended Diploma in Accounting and Business is ideal for learners who want to build a career in accounting and finance.
On completion of this qualification, learners can: Progress to the OTHM Level 6 Diploma in Accounting and Business Gain eligibility for direct entry into the final year of a UK Bachelor’s degree Continue further academic or professional de…
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Advance your financial expertise and business insight with the OTHM Level 5 Extended Diploma in Accounting and Business. Build strong analytical, managerial, and strategic decision-making skills to thrive in today’s competitive finance industry. This qualification is your pathway to higher education, professional recognition, and career progression in accounting and business management.
12 units
Your Pathway to Accounting and Business Expertise.
Ready to advance your career in accounting and business management? The OTHM Level 5 Extended Diploma in Accounting and Business is designed to equip you with industry-relevant knowledge and practical expertise needed to thrive in today’s dynamic business environment. Equivalent to the first two years of a university degree, this comprehensive qualification delivers 240 credits, with a Total Qualification Time (TQT) of 2400 hours and 1200 Guided Learning Hours (GLH). It provides a strong academic and professional foundation, enabling you to confidently progress into higher education or skilled employment.
Throughout the programme, you will build a deep understanding of accounting principles within a broader business context while developing practical skills in financial reporting, planning, budgeting, and control. You will explore how businesses operate in economic environments, apply quantitative methods for decision-making, and gain the ability to manage financial performance effectively. The course also strengthens your analytical thinking, research capabilities, and problem-solving skills, ensuring you can interpret complex financial data and contribute to organisational success.
As you progress, you will enhance your leadership and management abilities, learning how to manage teams, develop business strategies, and make informed decisions that drive growth. You will gain valuable insights into financial management, taxation, corporate responsibility, and human resource practices, while also applying your knowledge to real-world scenarios such as developing a viable business plan. This blend of accounting and business expertise prepares you to take on versatile roles across industries where financial and managerial skills are essential.
Delivered with a career-focused approach at LCFT Business School, this diploma opens doors to both academic progression and employment opportunities. OTHM’s progression pathways allow learners to advance into the final year of a degree or pursue further professional qualifications. Whether you aim to become an accounting professional, business manager, or entrepreneur, this programme equips you with the skills to succeed in a competitive global market. Take the next step in your professional journey, enrol today and unlock your potential in accounting and business.
Course Details
The OTHM Level 5 Extended Diploma in Accounting and Business includes 12 mandatory units and carries a total of 240 credits. It requires 2400 hours of Total Qualification Time (TQT), with a recommended minimum of 1200 Guided Learning Hours (GLH). To complete the qualification, learners must achieve 240 credits in total, split evenly between Level 4 and Level 5, 120 credits at each level, with 6 units at Level 4 and 6 units at Level 5.
Learners who do not complete the Level 5 Extended Diploma may receive the Level 4 Diploma in Accounting and Business if they pass all 6 Level 4 units and earn 120 credits. A separate registration is required for the Level 4 award.
Qualification Accreditation Number (QAN): (610/0728/6)
Accreditation
The OTHM Level 5 Extended Diploma in Accounting and Business is accredited by OTHM Qualifications. OTHM is an awarding body approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation), reference RN5284. Ofqual makes sure qualifications meet high standards, while OTHM ensures the course is reliable, quality-checked, and meaningful for your career. LCFT Business School offers these RQF qualifications through OTHM, giving you respected, recognised credentials that help you grow and succeed in accounting and finance.
Learners can verify this qualification on the Ofqual Register of Regulated Qualifications for confirmation and further details. This qualification holds the Qualification Accreditation Number (QAN): 610/0728/6. OTHM also maintains strong progression arrangements with several UK universities, allowing learners who complete Level 3 to Level 7 qualifications to gain advanced entry into relevant degree top-up and Master’s top-up programmes. This supports both academic and professional progression.
Assessment
LCFT Business School internally assesses all units of the OTHM Level 5 Extended Diploma in Accounting and Business, which is externally assessed by OTHM Qualifications. The qualification is criterion-referenced, meaning learners are evaluated based on their ability to meet the specified learning outcomes for each unit. Assessment is coursework-based and focuses on assignment writing and report writing rather than traditional examinations, allowing learners to demonstrate applied understanding through structured academic tasks.
To achieve a “Pass” in any unit, learners must submit coursework that provides clear and sufficient evidence of meeting all assessment criteria. Each assignment is reviewed by qualified assessors to ensure fair, consistent, and accurate evaluation in line with OTHM standards, supporting learners in developing practical academic and professional skills through structured coursework completion.
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