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OTHM Level 5 Diploma in Accounting and Business (RQF)

Awarding Body: OTHM

OTHM is an Ofqual regulated Awarding Organisation. This guarantees that all of their qualifications confirm to a high standard.

Unit Structure

Overview

Finance and Accounting are often considered to be at the heart of business operations. Within the manufacturing industry, micro-business, and large businesses, the ability to manage, account, and plan for finances are still considered the key driver of growth and the ultimate measure of business success.

The objective of the Level 5 Diploma in Accounting and Business is to provide learners with core knowledge and skills required by middle managers in any organisation that are often involved in financial planning & control, financial management, taxation, financial reporting, and people management.

Duration and Delivery

The qualification is designed to be completed over one academic year of full-time study. However, we accommodate for completely flexible delivery, so that students can schedule their learning around other commitments such as work or family. The qualification is delivered online through our Virtual Learning Environment.

Assessment and Verification

All units within this course are internally verified by our assessors and externally verified by OTHM. This course is criterion-referenced, based on specific learning outcomes. To achieve a “PASS” for a unit, a student must complete the learning outcomes to meet the assessment criteria set by OTHM.

Equivalences

The Level 5 OTHM qualification teaches practical skills, knowledge, competences, and capabilities that are comparable in academic terms as being equivalent to Year 2 of a three-year UK Bachelor’s degree or to a Higher National Diploma (HND).

Progression

Successful completion of this course enables the learners to get direct entry into OTHM Level 6 Diplomas, including the Level 6 Diploma in Business Management. As this Diploma is regulated and approved by Ofqual (Office of the Qualifications and Examinations Regulations), Learners can get direct entry into year 3 of a three-year UK Bachelor’s degree programs with advanced standing at many of the UK and international universities.

Quick Enquiry

  • Eligibility Criteria

    You should meet the following requirements:
    • Have a relevant GCE/GCSE or NQF/QCF/RFQ Level 4 Diploma/Award or equivalent qualification
    • The student must be 18 or older at the time of enrollment
    • Students over 21 years are also advised to have management experience

  • English language requirement

    Learners are expected to have English language proficiency of CEFR Level B2, this can be met in any one the following ways:
    • Being a native English language speaker
    • Having achieved an IELTS 5.5 or equivalent
    • Having had your last two years of schooling in English
    • Passing our online English language test

Full Payment
Monthly Instalment

Standard

£990
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    18 Months
  • Re-registration charges after Maximum Duration
    £60
  • Tutor Support
    Unlimited
  • Standard Assessment Decision and Feedback
    Within 3-5 Working Days*
    *Average time taken for assessment feedback is 3 working days
  • Suitable for
    Professionals studying alongside their jobs, who do not require fast tracking.
  • Not suitable if
    You are certain that you won’t be able to study regularly to complete in the maximum timeframe suggested.

Fast Track

£1,090
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    18 Months
  • Re-registration charges after Maximum Duration
    £40
  • Tutor Support
    Unlimited – Priority
  • Fast Track Assessment Decision and Feedback
    Within 1-3 Working Days*
    *Average time taken for assessment feedback is 2 working days
  • Suitable for
    Fast track completion, fast tutor support, prompt assessor feedback
  • Not suitable if
    You are not able to devote extra time on the course because of work or personal commitments, as fast tracking is largely reliant on your own efforts.

Flexi

£1,190
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    30 Months
  • Re-registration charges after Maximum Duration
    £20
  • Tutor Support
    Unlimited – Priority
  • Flexi Assessment Decision and Feedback
    Within 4-6 Working Days*
    *Average time taken for assessment feedback is 3.5 working days
  • Suitable for
    Professionals who do not want any pressure to complete the course in the recommended duration.
  • Not suitable if
    You are able to study regularly every week and are confident to complete the course within the recommended duration.

Standard

£1,139
  • £113.85/Month
  • No. of instalments
    10
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    18 Months
  • Re-registration charges after Maximum Duration
    £60
  • Tutor Support
    Unlimited
  • Standard Assessment Decision and Feedback
    Within 3-5 Working Days*
    *Average time taken for assessment feedback is 3 working days
  • Suitable for
    Professionals studying alongside their jobs, who do not require fast tracking.
  • Not suitable if
    You are certain that you won’t be able to study regularly to complete in the maximum timeframe suggested.

Fast Track

£1,252
  • £125.24/Month
  • No. of instalments
    10
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    18 Months
  • Re-registration charges after Maximum Duration
    £40
  • Tutor Support
    Unlimited – Priority
  • Fast Track Assessment Decision and Feedback
    Within 1-3 Working Days*
    *Average time taken for assessment feedback is 2 working days
  • Suitable for
    Fast track completion, fast tutor support, prompt assessor feedback
  • Not suitable if
    You are not able to devote extra time on the course because of work or personal commitments, as fast tracking is largely reliant on your own efforts.

Flexi

£1,366
  • £113.85/Month
  • No. of instalments
    12
  • Recommended Duration
    Up to 12 Months
  • Maximum Duration Allowed
    30 Months
  • Re-registration charges after Maximum Duration
    £20
  • Tutor Support
    Unlimited – Priority
  • Flexi Assessment Decision and Feedback
    Within 4-6 Working Days*
    *Average time taken for assessment feedback is 3.5 working days
  • Suitable for
    Professionals who do not want any pressure to complete the course in the recommended duration.
  • Not suitable if
    You are able to study regularly every week and are confident to complete the course within the recommended duration.

Awarding body fee of £250 is payable by the learner to the awarding organisation within 14 days of starting the course. This will be collected from the learner and passed on to the awarding organisation for registration and certification purposes. The final certification you get is the same, regardless of your route. There are no strict deadlines for submitting individual coursework, allowing you room and flexibility to pace your studies; the only deadline is the overall course duration based on the option you selected above.

Why choose BSLM?

Instant Access to VLE

You can have instant access to the course; once you enrol on the course, you can start studying immediately.

Expert Tutor Support

Our courses are designed to provide a dedicated online tutor support to learners throughout the course for ongoing assistance.

Flexible Payment Plans

Flexible payment plans to suit your budget; pay fee in easy monthly instalments.

Accredited Certification

You will receive your accredited certificate and transcript at no additional cost from our approved awarding body.

Related Products

Frequently Asked Questions

What are the qualification Requirements to enrol in this course?

The Learner must possess a relevant NQF/QCF/RQF Level 4 Award/Diploma, or a GCE/GCSE-level or higher qualification, in addition to other appropriate credentials. The student must also have relevant managerial experience if they are over 21.

What can I do next?

A wide number of academic progressions, including progression to the Level 6 Diploma in Accounting and Business and other pertinent OTHM Level 6 Diplomas, are available to learners who complete the OTHM Level 5 Diploma in Accounting and Business. Also, you will be qualified for direct entry into the final year of a three-year UK bachelor’s degree programme after successfully completing this Level 5 Diploma in Accounting and Business programme.

What are the key skills I'll gain in this course, specifically?

This Level 5 Diploma in Accounting and Business will assist you in acquiring the information and abilities necessary for a middle manager in an organisation that may be responsible for financial management, financial planning and control, financial reporting, taxation, and people management.

Who is this programme intended for?

Working professionals who have completed the first year of a three-year UK bachelor’s degree or those seeking a formal undergraduate certificate that would eventually lead to the award of degrees.

The benefits of receiving an OTHM Qualification at Britannia School?

It is approved by Ofqual (regulatory body), so the learners can feel quite assured about the quality of qualifications. All OTHM qualifications offered by Britannia school are created to give learners the skills and information that every employer seeks. Career development to build credibility with companies. By obtaining an OTHM qualification, learners will have the chance to expand their knowledge and develop critical skills that will enable them to handle circumstances and work projects more successfully, increasing their chances of advancement at work. Alternately, it enables them to continue to Bachelor’s, Master’s, or MBA top-up programmes around the globe.

Does the qualification have worldwide recognition?

Yes, the degree is widely respected and recognised internationally.

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2 reviews for OTHM Level 5 Diploma in Accounting and Business (RQF)

  1. Zara Lambert

    One of the most ideal and well recognised courses. It is highly suggested course for those learners who don’t have time to attend the university and it is equivalent in UK to the bachelor’s year 2 of the accountancy program.

  2. Michael Bradley

    One of the ideal course as it equips the learner with the fundamental efficiency of financial management, taxation, and reporting.

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Iqbal-Ahmad-1

Iqbal Ahmad

Academic Interest

Teachers training up to postgraduate level, assessment and quality assurance, management and leadership training.

Qualifications

Accounting and Finance

  • Certified Accounting Technician (CAT)
  • B.Sc (hons) in Applied Accounting from Oxford Brooked University
  • Association of Chartered Certified Accountants (ACCA)
  • Chartered Institute of Management Accountants (CIMA)

Management and Leadership

  • Postgraduate Diploma in Management Studies from London International College
  • Master of Business Administration from Anglia Ruskin University
  • Level 7 Diploma in Education Management and Leadership
  • Doctorate candidate for DBA at University of the West of Scotland

Humanities

  • MA Abrahamic Religions from Heythrop College, University of London

Education and Training

  • Level 3 Award in Mathematics for Numeracy Teaching
  • Level 3 Certificate in Assessing Vocational Achievement
  • Level 4 Certificate in Leading the Internal Quality Assurance of Assessment
  • Level 5 Diploma in Education and Training
  • Postgraduate Certificate in Learning and Teaching in the Higher Education from Kingston University
  • Senior Fellowship of the Higher Education Academy (SFHEA)
Profile Summary

A keen learner myself, I am actively involved in a range of teachers training courses for the past few years all the way up to postgraduate level. I have extensive experience of dealing with the awarding organisation compliance because of a strong background in assessment and quality assurance. I have trained a wide range of teaching professionals working in a range of schools, sixth form colleges and in the higher education sector.

saheed-1

Saheed Arinola Ayinde

Academic Interest

Assessment and quality assurance in academia, business, accounting and finance lecturing, and teacher training.

Qualifications

Accounting and Finance

  • MBA in Accounting and Finance at the University of East London
  • BSc. (Hons) Accounting and Finance

Management and Leadership

  • MSc. International Business Management at the University of Gloucestershire

Education and Training

  • Fellow of Higher Education Academy (FHEA – Ref: PR134295)
  • Level 3 Education & Teaching Training (E & T/PTLLS)
  • Level 3 Training, Assessment, & Quality Assurance (TAQA)
  • Successfully mentored a Trainee on the PGCE/PCE Programme
Profile Summary

I have over 15 years’ experience in teaching and training. During this time, I have undertaken teacher training, been a lecturer and course supervisor for ICM, and cohort leader and lecturer for HND (BTEC-Pearson). I have taught business management units/modules at various levels (and awarding bodies) including Certificate, Diploma, Advance Diploma, and Foundation degree levels. I enjoy learning through continuous professional development and have achieved my Fellowship with the Higher Education Academy. I enjoy utlising my experience in training, assessment, and quality assurance to train the education professionals of the future.

Rahaman-Hasan

Rahaman Hasan

Academic Interest

Teachers training, assessment and quality assurance, quality assurance in academia, management and leadership training and research.

Qualifications

Education and Training

  • Senior Fellowship of the Higher Education Academy (SFHEA)
  • Preparing to Teach in the Lifelong Learning Sector (PTLLS)

Marketing

  • MA in Strategic Marketing, University of Greenwich, UK
  • BBA in Marketing, Independent University Bangladesh, Bangladesh

Management and Leadership

  • PhD in Entrepreneurship (passed viva), University of Essex, UK
  • MBA in General Management, University of Wales, UK
  • Diploma in Business and Admin, UK

Humanities

  • Social Entrepreneurship, University of Oxford, UK
Profile Summary

I am a PhD candidate (passed viva) at the University of Essex. My specialisation in PhD is Entrepreneurship. I am an active researcher with specific interest in Entrepreneurship, SME, Marketing and UK Higher Education (UKHE). I have over 14 years work experience in UKHE, which includes extensive experience of quality assurance in the sector. Furthermore, providing academic training to teaching professionals in the higher education sector is my passion.

francis-older-28

Francis Fitzgerald

Academic Interest

Accountancy and assessor training, as well as assessment and quality assurance.

Qualifications

Accounting and Finance

  • AAT Level 2 Foundation Certificate in Bookkeeping
  • AAT Level 3 Advanced Diploma in Accounting
  • AAT Level 4 Professional Diploma in Accounting

Education and Training

  • Level 3 Certificate in Assessing Vocational Achievement
  • Level 4 Certificate in Leading the Internal Quality Assurance of Assessment
Profile Summary

I have experience in the finance and accounting sector and utilise these skills to approach education in a methodical and logical manner. I am passionate about the advancement and implementation of efficient teaching and learning practices. I am responsible for centre liaison with awarding bodies to ensure compliance, and am advancing my skills in assessment and quality assurance through learning and on the job training.

carol

Coral Bishop

Academic Interest

Assessment and quality assurance for levels 2 to 5 in Teacher Training, Leadership and Management, Health and Social Care, Customer Service and Childcare.

Qualifications

Education and Training

  • Level 4 Certificate in Teaching and Education
  • Advanced Level 3 Apprenticeship in Learning & Development
  • Level 5 Certificate Learning for All (Open University E242)
  • 120hr TEFL certificate
  • D32/33 and 34 Assessor and IQA Awards

Customer Service

  • Level 3 NVQ Diploma in Customer Service

Health and Social Care

  • MAKATON LEVEL 1
  • TQUK Level 2 Certificate in Understanding the Safe Handling of Medication
  • Level 3 Health and Social Care

Childcare

  • L3 Diploma in Pre-School Practice
Profile Summary

I have worked in education for 34 years, in various guises. I managed a busy nursery for 12 years before branching out into Assessment and Quality Assurance, more than 20 years ago. My practice has developed alongside the ever-evolving training and apprenticeship sector, and I have worked in many different settings, including colleges, private training agencies and a foster care agency. I also work part time as a Higher-Level Teaching Assistant for a local charity that supports higher level education for young people with Special Educational and/or behavioural needs and as a tutor for a bespoke programme for one-to-one support. I really enjoy supporting learners of varying abilities and experience to achieve their best and to become qualified in their chosen field.