This Ofqual-regulated diploma develops practical accounting and business skills in strategy, finance, reporting, human resources, and start-up planning, preparing learners for management roles, hig...
This Level 5 qualification is designed to build practical accounting and business capability through mandatory units that integrate finance, strategy, people management, and start-up planning.
Ofqual regulated UK qualification
120 credits at Level 5
6 mandatory units
1200 Total Qualification Time (TQT)
Minimum 600 Guided Learning Hours (GLH)
Assessed through coursework with Pass/Fail grading
The OTHM Level 5 Diploma in Accounting and Business is designed to provide learners with an understanding of accounting and business in the broader business context. It develops practical, industry-focused skills to manage business finances, budgets, and cash flow effectively while supporting business growth.
Develops accounting and business knowledge in an integrated business context
Builds practical skills for managing finances, budgets, and cash flow
Covers strategy, reporting, financial control, and human resources
Supports career development across a wide range of business settings
Emphasises industry-focused and workplace-relevant learning
Creates progression opportunities to higher qualifications and degree entry
Learners will build the knowledge, skills, and applied understanding needed to contribute to strategy, manage finance functions, report business performance, support people management, and plan a viable business start-up.
Understand the principles, theories, and strategic options used in business strategy
Understand financial management, working capital, and business capital structure
Understand financial planning, sources of finance, risk, and corporate governance
Understand financial reporting, budgeting, control accounts, and business performance analysis
Understand the purpose, functions, and modern developments of human resource management
Create a business plan for a new business and communicate it to gain stakeholder support
This qualification is suitable for learners seeking to strengthen accounting and business capability for management, employment, entrepreneurship, or academic progression in accounting, finance, and wider business environments.
Learners progressing from Level 4 qualifications
Aspiring accounting and finance professionals
Supervisors and junior managers needing stronger business finance skills
Individuals planning progression to Level 6 or a UK bachelor’s top-up route
Entrepreneurs preparing to start a new business
Mature learners with relevant management experience
Entry is intended for learners aged 18 and above who have appropriate prior study or equivalent experience. Learners who are not from a majority English-speaking country must provide evidence of English language competency.
Relevant Level 4 Diploma qualification, GCE Advanced Level in 3 subjects, or an equivalent qualification
Mature learners over 21 with relevant management experience may be accepted, subject to centre approval and English language requirements where applicable
The qualification is assessed internally through coursework against all learning outcomes and assessment criteria. Unit assessment includes written coursework, and some units also require presentations.
Coursework-based assessment
Pass/Fail grading structure
Assessment against all unit learning outcomes and criteria
Written assignments and presentation-based tasks where specified
Successful completion of this qualification provides progression opportunities in both higher education and professional development. Learners may advance to further OTHM study or seek entry to the final year of a three-year UK bachelor’s degree.
Progress to the OTHM Level 6 Diploma in Accounting and Business
Seek direct entry into the final year of a three-year UK Bachelor’s degree
Progress to university top-up and related higher education routes
Strengthen career prospects in accounting, finance, and business management
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