OTHM Level 5 Diploma in Accounting and Business aims the learners to specialize in business accounting. This qualification includes accounting methodologies, accounting principles, concepts and practices. It enables the learner to acquire professional knowledge in business accounting. This qualification designed to develop the skills in managing the business audits, investments and banking operations.

After completion of this course the learner can acquire the qualification at the next level. Qualification awarded by OTHM at RQF Level 5 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Foundation Degrees, Higher National Diploma (HND) and Year 2 of a three-year UK Bachelor's degree.

About OTHM

OTHM Qualifications are approved and regulated by Ofqual (Office of Qualifications and Examinations Regulation) and recognised by Qualifications Wales. OTHM qualifications has assembled a reputation for maintaining significant skills in a wide range of job roles and industries which comprises Business Studies, Leadership, Tourism and Hospitality Management, Health and Social Care, Information Technology, Accounting and Finance, Logistics and Supply Chain Management. OTHM has progression arrangement with several UK universities that acknowledges the ability of learners after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top up and Master’s/top-up programmes.

Entry requirements

  • Learners must be 18 years or more
  • Relevant NQF/QCF/RQF Level 4 Award/Diploma or at the level of GCE/GCSE or equivalent qualification
  • Learners over 21 with relevant management experience
  • International students whose first language is not in English, they will need to have score of 5.5 or above in IELTS Examination or equivalent.

Qualification structure

The OTHM Level 4 Diploma in Accounting and Business consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 480 Guided Learning Hours (GLH) for the completed qualification.

Unit Ref. No. Unit title Credit GLH TQT
T/617/3298 Financial Management 20 80 200
M/617/3297 Financial Planning and Control 20 80 200
K/617/3296 Financial Reporting 20 80 200
H/617/3295 Taxation Principles and Practices 20 80 200
D/617/3294 People Management 20 80 200
Y/617/3293 Business Ethics and Corporate Social Responsibility 20 80 200

Delivery Method

In Ascent School of Management London, Learners can choose the mode of study as per their choice and convenience as we provide various flexible delivery methods to its learners which include blended learning, online learning and distance learning. The program is self-paced and accomplished through our advanced Learning Management System. Learners are able to interact with tutors by messaging through the Learning Management System to discuss the course materials, provide guidance and assistance with the assignments.

Assessments and Award

  • Time-constrained scenario-based assignments
  • No examinations


Learners completing the OTHM Level 5 Diploma in Accounting and Business will allow progress to :

  • Wide range of academic progressions including progression to Level 6 Diploma in Accounting and Business, and other relevant OTHM Level 6 Diplomas.
  • The Level 5 Diploma in Accounting and Business has been developed with career progression.

Fees and Funding

To know about the course fee, please get in touch with us at:


The total cost is subjected to 20% VAT.

Diploma in Accounting anf Business

level 5
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