Level 5 Diploma in Accounting and Business
Level 5 Diploma in Accounting and Business - 8 -10 Months - 120 Credits
The Undergraduate Level 5 Diploma in Accounting and Business is a 120 credit course designed to fast-track students to the final year of an associated Undergraduate BA (Hons) in Accounting and Business , which can either be completed on campus or via distance learning. The course is made up of 6 units of Level 5 modules (120 credits) and will offer an exemption from year 1 of a Bachelors degree.
Course Details
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. Many accountants occupy key managerial positions in business, yet few are qualified managers. In the increasingly complex modern business environment, there is a high demand for skilled professionals who can work flexibly in teams across business boundaries. The objective of the OTHM Level 5 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.
Accreditation
All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to
MSBM accreditation in about us for more details.
Entry Requirements
For entry into Level 4 or 5 Diploma in Accounting and Business, learners must possess the following:
* Relevant/Local Board of Examination Result in your Country, which must include at least 5 'C' Grades in English and 4 other subjects.
* Mock Examination Result can also be accepted for initial Conditional Admission, pending the release of the Board of Examination Result. (This is assessed on a case by case basis)
* Learner must be 18 years or older at the start of the Course.
OR
* Mature Learners (21 years or older) with work experience in supervisory, leadership or management roles. (This is assessed on a case by case basis).
Course Modules
The Financial Management module provides students with a comprehensive understanding of financial decision-making processes within organizations. It covers key topics such as financial planning, budgeting, capital structure, investment appraisal, and risk management. Students will learn how to evaluate financial performance, make informed decisions to optimize resources, and apply financial management techniques to improve business profitability and sustainability. Through practical examples and case studies, students will develop the skills to manage financial risks and create strategies that align with business goals.
The Financial Planning and Control module focuses on the key principles and techniques involved in planning and managing an organization's financial resources. It covers budgeting, forecasting, cost control, and variance analysis, helping students understand how to align financial resources with business objectives. Students will gain the skills needed to evaluate financial performance, make adjustments to achieve strategic goals, and ensure financial stability through effective planning and control mechanisms. Practical scenarios and case studies will enhance students' ability to apply these concepts to real-world business situations.
The Financial Reporting module focuses on the preparation, analysis, and interpretation of financial statements in accordance with relevant accounting standards. Students will learn how to create income statements, balance sheets, and cash flow statements, as well as understand the principles behind them, such as accrual accounting and the matching concept. The module also covers the regulatory frameworks, including IFRS and GAAP, and how these standards impact business reporting and transparency. Practical examples and case studies will equip students with the skills to assess an organization’s financial health and compliance.
The Management of Human Resources module explores key concepts and practices in effectively managing an organization’s workforce. Topics include recruitment, selection, employee development, performance management, and compensation strategies. Students will also examine the importance of creating a positive organizational culture, managing diversity, and fostering employee engagement to improve productivity and retention. Practical case studies will help students understand the challenges and best practices in aligning HR strategies with overall business goals.
Principles and Concepts of Business Strategy module introduces students to the foundational principles of strategic management, focusing on the analysis, formulation, and implementation of business strategies. It explores key concepts such as competitive advantage, strategic positioning, and market analysis, enabling students to understand how organizations can achieve long-term success. Through case studies and practical examples, students will learn how to assess internal and external factors that influence strategic decision-making and how to apply these concepts in real-world business scenarios.
Workshops
Workshops are conducted by live webinars for online students.
Classroom workshops are available if there is a local branch in your country. Speak our course advisors on this subject.
Visa Requirements
There is no Visa requirement for this programme.