This two-year Ofqual-regulated qualification develops accounting and business knowledge through 12 mandatory units, building practical skills in finance, reporting, strategy, human resources and bu...
This qualification combines Level 4 and Level 5 study in accounting and business, with all units mandatory and designed to build practical, academic, and progression-focused skills.
Ofqual-regulated qualification
12 mandatory units
240 total credits
2400 Total Qualification Time (TQT)
1200 Guided Learning Hours (GLH)
Assessed by coursework on a pass/fail basis
The OTHM Level 5 Extended 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.
Builds accounting and business knowledge in a broader business context
Develops practical skills in finance, budgets, and cash flow
Combines theoretical and applied learning across Level 4 and Level 5
Supports progression to higher study and employment
Equivalent in academic terms to the first two years of a UK degree
Includes both accounting and management-focused units
This qualification develops the knowledge, understanding, and applied skills needed to operate effectively in accounting and business environments.
Understand academic research, writing, and critical thinking for higher-level study
Analyse business types, stakeholders, and economic factors affecting organisations
Apply principles of financial accounting, year-end adjustments, and financial statements
Use quantitative methods, business data, and management accounting techniques for decision-making
Develop knowledge of business strategy, financial management, planning, control, and reporting
Understand human resource management and produce a viable business start-up plan
This qualification is suitable for learners seeking a substantial accounting and business programme that supports academic progression and practical career development.
Learners aged 18 and above
Holders of a relevant Level 3 diploma or equivalent qualification
Learners with GCE Advanced Level qualifications or equivalent
Mature learners over 21 with relevant management experience
Aspiring accounting, finance, and business professionals
Learners planning to progress to Level 6 or degree top-up study
The entry profile is intended for learners aged 18 and above and normally includes prior academic qualifications or relevant experience. Learners from non-majority English-speaking countries must meet OTHM English language expectations.
Relevant Level 3 Diploma qualification, GCE Advanced Level in 2 subjects, or equivalent qualification; mature learners over 21 may enter with relevant management experience subject to centre approval
If not from a majority English-speaking country, learners must provide evidence of English language competency
All units in this qualification are assessed by coursework and quality assured through centre and OTHM processes. Learners must achieve all specified learning outcomes and assessment criteria to pass each unit.
All units are assessed and internally quality assured by the centre
External verification is carried out by OTHM
Assessment is criterion referenced against all learning outcomes and assessment criteria
Formative and summative assessment are used during the programme
Successful completion provides learners with progression opportunities in further study and supports movement into broader accounting and business roles.
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 programmes where recognised
Develop skills for employment in accounting, finance, and business environments
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