OTHM Level 5 Diploma in Accounting and Business

OTHM

This Diploma is designed for students who are just starting out on their business education journeys, this programme is the ideal way to gain an understanding of how business finance works and to open up new career possibilities – both in finance and beyond.

OTHM-Level-5-Diploma-in-Accounting-and-Business
Awarded By

OTHM

Credit Value

120 ECT

Duration

6- 8 Months

Study Mode

Distance/Blended (Online)

Structure

6 Units (20 credits each)

Assessment

Assignment Based

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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.

OTHM qualifications at Level 5 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Foundation Degrees, Higher National Diploma (HND) and Year 2 of a three-year UK Bachelor’s degree.

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 480 Guided Learning Hours (GLH) for the completed qualification.

  • Financial Management (20 credits)
  • Financial Planning and Control (20 credits)
  • Financial Reporting (20 credits)
  • Taxation Principles and Practices (20 credits)
  • People Management (20 credits)
  • Business Ethics and Corporate Social Responsibility (20 credits)

Course Overview

Operations in the company are fundamentally centred on accounting and finance. The capacity to manage, plan, and account for money is still the gold standard of company success and the primary engine of development in all industries, from banking to manufacturing to large service sectors to small firms.

A middle manager in an organisation who may be involved in financial management, financial planning and control, financial reporting, taxation, and people management needs to have the knowledge and skills that the OTHM Level 5 Diploma in Accounting and Business qualification aims to give learners.

Duration and delivery

The certification is flexible in how it is delivered to allow for part-time and distance learning in addition to being designed to be completed over the course of one academic year for full-time study.
Only authorised centres are permitted to provide the degree in person, via lectures, tutorials, seminars, distance learning, and online.

Assessment and verification

The centre conducts internal assessments of each unit for this qualification, and OTHM does an external verification. The credentials are based on the accomplishment of all the predetermined learning outcomes and are criteria referenced.
Learners must present proof that they have satisfied all learning outcomes and complete all assessment criteria requirements in order to receive a “pass” for a unit. The Assessor decides whether or not the Learners successfully met the assessment requirements.
An audit trail should be provided by the assessor to demonstrate the decision-making process used to determine the learners’ overall success.

Progressions

The Level 5 Diploma in Accounting and Business degree offers graduates the chance to advance to the Level 6 Diploma in Accounting and Business and other pertinent OTHM Level 6 Diplomas, among other academic opportunities.
Career advancement and professional recognition are two goals that guided the development of the Level 5 Diploma in Accounting and Business. Learners are qualified to achieve direct entrance into the final year of a three-year UK Bachelor’s degree since this qualification is authorised and governed by Ofqual (Office of the Qualifications and Examinations Regulation).

Who should Join?

Students who wish to get a solid knowledge of accounting and finance fundamentals as well as company management ideas may enrol in the OTHM Diploma in Accounting and company programme.

Some examples of individuals who may benefit from this diploma include:

  1. High school students without any prior experience who desire to begin a career in accounting or finance.
  2. professionals who are already employed in the accounting or finance industries but want to advance their knowledge and abilities.
  3. People who want to start their own business and need to have a good understanding of accounting and finance principles in order to manage their finances effectively.
  4. Those who have a degree in a different field but want to gain knowledge in accounting and business to enhance their employability in related fields.

Job Opportunities

An OTHM Diploma in Accounting and Business can provide you with a range of job opportunities in the accounting and finance industry. 

Some of the most common job roles you can consider after completing this diploma include:

OTHM stands for Organisation for Tourism and Hospitality Management (UK). IT is a UK based Awarding Organisation regulated by Ofqual (Office of the Qualifications and Examinations Regulation). It was  launched in 2003 as a not-for-profit organisation. 

It is also a full member of FAB, which  is the trade association for vocational awarding bodies in the UK. 

It delivers qualifications in below mentioned subjects via its numerous global delivery centres 

  • Accounting and Finance;
  • Business Management;
  • Education and Training;
  • Health and Social Care Management;
  • Human Resource Management;
  • Information Technology;
  • Logistics and Supply Chain Management;
  • Occupational Health and Safety
  • Project Management;
  • Public Administration;
  • Risk Management;
  • Strategic Management and Leadership;
  • Strategic Marketing and
  • Tourism and Hospitality Management

Features

  • They offer online or inhouse classes for Level 3, Level 4, and Level 7 courses through a network of colleges, universities, and centres
  • The graduates are accepted into corresponding degree and masters top-up programmes with advanced standing;
  • It also extends an offer to the students to become a professional member upon completion of certain level of our qualification
  • The diploma courses will help the students to gain practical operational training, which will be applicable everywhere.

Frequently Asked Questions

What is OTHM?

OTHM is an established and recognised Awarding Organisation (Certification Body) launched in 2003 as a not-for-profit organisation. It is a global provider that is awarding British qualifications and has a network of numerous delivery centres globally to deliver our qualifications.

What is the OTHM Diploma in Accounting and Business?

The OTHM Diploma in Accounting and Business is a vocational qualification that provides learners with the knowledge and skills needed to work in the accounting and business sectors. The diploma covers a range of topics, including financial accounting, management accounting, business law, and economics.

What are the entry requirements for the OTHM Diploma in Accounting and Business?

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

If a learner is not from a majority English-speaking country must provide evidence of English language competency.

How long does the OTHM Diploma in Accounting and Business take to complete?

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.

What are the career opportunities for someone with an OTHM Diploma in Accounting and Business?

Graduates of the OTHM Diploma in Accounting and Business can pursue a range of career opportunities in the accounting and business sectors. Some examples of job titles include accountant, financial analyst, tax advisor, and business manager.

Is the OTHM Diploma in Accounting and Business recognized internationally?

The OTHM Diploma in Accounting and Business is recognized in the UK and in other countries around the world. However, it is important to note that the recognition of vocational qualifications can vary depending on the country and the employer.

FREQUENTLY ASKED QUESTIONS

What is OTHM?

OTHM is an established and recognised Awarding Organisation (Certification Body) launched in 2003 as a not-for-profit organisation. It is a global provider that is awarding British qualifications and has a network of numerous delivery centres globally to deliver our qualifications.

What is the OTHM Diploma in Accounting and Business?

The OTHM Diploma in Accounting and Business is a vocational qualification that provides learners with the knowledge and skills needed to work in the accounting and business sectors. The diploma covers a range of topics, including financial accounting, management accounting, business law, and economics.

What are the entry requirements for the OTHM Diploma in Accounting and Business?

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

If a learner is not from a majority English-speaking country must provide evidence of English language competency.

How long does the OTHM Diploma in Accounting and Business take to complete?

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.

What are the career opportunities for someone with an OTHM Diploma in Accounting and Business?

Graduates of the OTHM Diploma in Accounting and Business can pursue a range of career opportunities in the accounting and business sectors. Some examples of job titles include accountant, financial analyst, tax advisor, and business manager.

Is the OTHM Diploma in Accounting and Business recognized internationally?

The OTHM Diploma in Accounting and Business is recognized in the UK and in other countries around the world. However, it is important to note that the recognition of vocational qualifications can vary depending on the country and the employer.

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