OTHM Level 5 Diploma in Accounting and Business

OTHM Level 5 Diploma in Accounting and Business

Are you passionate about numbers, intrigued by financial strategies, and curious about the inner workings of businesses? If so, the OTHM Level 5 Diploma in Accounting and Business could be your gateway to a rewarding career in the dynamic fields of accounting and finance.

The OTHM Level 5 Diploma in Accounting and Business is a qualification designed to provide learners with a foundation in accounting and finance, along with a general understanding of business operations. It covers a range of topics including financial accounting, management accounting, business management, and financial management.

This diploma is suitable for individuals who are aspiring to work in accounting and finance roles or who are already working in these fields and want to enhance their skills and knowledge. The qualification is widely recognized and can help learners progress in their careers or pursue further studies in accounting and business-related disciplines.

The OTHM Level 5 Diploma in Accounting and Business is a comprehensive qualification that equips learners with the essential skills and knowledge needed to succeed in the world of accounting and finance. Whether you’re looking to kickstart your career or advance to the next level, this diploma can open doors to a wide range of opportunities.

With its practical focus, global recognition, and career-enhancing benefits, this diploma could be your key to unlocking a world of possibilities in the dynamic world of business. Enroll Now!

OTHM Level 5 Diploma in Accounting and Business offers a valuable opportunity to acquire the skills and knowledge needed to excel in the fields of accounting, finance, and business management.

The OTHM Level 5 Diploma in Accounting and Business is a comprehensive qualification that equips learners with the essential skills and knowledge needed to succeed in the world of accounting and finance. Whether you’re looking to kickstart your career or advance to the next level, this diploma can open doors to a wide range of opportunities.

This diploma covers a broad spectrum of topics, ensuring that you develop a well-rounded understanding of accounting principles, financial management, and business operations.


The OTHM Level 5 Diploma in Accounting and Business offers several benefits to learners, including:

  1. Practical Skills: Gain hands-on experience and practical skills that are directly applicable in real-world business scenarios.
  2. Career Advancement: Enhance your employability and advance your career in accounting, finance, or business management.
  3. Globally Recognized: OTHM qualifications are recognized internationally, giving you the flexibility to pursue opportunities worldwide.
  4. Progression Pathways: The diploma provides a solid foundation for further study, such as pursuing a bachelor’s degree or professional qualifications.
  5. Comprehensive Knowledge: Develop a well-rounded understanding of accounting principles, financial management, and business operations.
  6. Versatile Learning: Suitable for individuals at various stages of their career journey, catering to recent school leavers and professionals seeking to upskill.
  7. Networking Opportunities: Connect with industry professionals and expand your professional network, opening doors to new opportunities.

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)

PRINCIPLES AND CONCEPTS OF BUSINESS STRATEGY

  • Understand the principles of business strategy.
  • Understand key business strategy theories and concepts.
  • Understand a business’s strategic options.

FINANCIAL MANAGEMENT

  • Understand the functions of financial management.
  • Understand working capital management.
  • Understand how capital is structured in a business.

FINANCIAL PLANNING AND CONTROL

  • Understand the functions of financial planning and control.
  • Understand sources of business finance and the techniques used to develop investment strategy.
  • Understand global financial risk management.
  • Understand the principles of corporate governance and how they support effective financial planning and control.

FINANCIAL REPORTING

  • Understand the purpose of financial reporting and budgets.
  • Know how to report on the outcome of control accounts.
  • Be able to report the outcome of an investment appraisal.
  • Be able to report on the financial performance of a business.

THE MANAGEMENT OF HUMAN RESOURCES

  • Know about the purpose and objectives of human resource management.
  • Understand the functions of human resource management.
  • Know how internal and external factors impact the human resource management function.
  • Understand how a business uses its human resource management function.

BUSINESS START-UP: CONCEPTION TO MARKET

  • Know the fundamental requirements for starting a new business.
  • Know sources of support available to new businesses.
  • Be able to create a business plan for a new business to gain stakeholder support.

This course is particularly suitable for:

  • Suitable for individuals at different career stages
  • Ideal for recent school leavers entering the workforce
  • Beneficial for professionals seeking to upskill
  • Caters to a diverse range of learners
Course Overview

Course Level

Level 5

Course Units

6 mandatory Units

TQT

1200 hours

GLH

600 hours

Duration

5 to 8 Months

Awarding Body

OTHM

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FAQs

The OTHM Level 5 Diploma in Accounting and Business is a qualification designed to provide learners with a solid foundation in accounting and finance, as well as a general understanding of business operations. It covers a range of topics including financial accounting, management accounting, business management, and financial management, preparing individuals for roles in accounting, finance, or business management, and providing a pathway to further study.

Many institutions offer career support services to help graduates with job placement, resume writing, interview preparation, and more. It is advisable to inquire about these services with the institution offering the course.

To enroll in the OTHM Level 5 Diploma in Accounting and Business, learners must meet the following requirements:

  1. Possess a relevant Level 4 diploma or equivalent recognized qualification.
  2. Be at least 18 years old at the start of the course.
  3. Mature learners (over 21) with management experience should consult the delivery center regarding this experience before registering for the program.

Work experience is not always required to enroll in this course. However, some institutions may prefer applicants with relevant work experience in the field.

Yes, this diploma provides a solid foundation for further study. Graduates can progress to a bachelor’s degree in accounting, finance, business management, or related fields.

Graduates of the OTHM Level 5 Diploma in Accounting and Business can pursue a variety of career paths, including roles in accounting, finance, business management, and more. Some specific job titles may include accountant, financial analyst, business manager, or finance officer.

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