OTHM Level 4 Diploma in Accounting and Business aims to provide core knowledge in the key areas of accounting and financial management in a business. This enables the learner to acquire the skills to improve the business growth in budgets and cash flows efficiently. This qualification designed to develop more accounting professionals.

After completion of this course the learner can acquire the qualification at the next level.Qualification awarded by OTHM RQF Level 3 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to GCE AS/A Levels.

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 3 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.

Mandatory units

Unit Ref. No. Unit title Credit GLH TQT
R/617/3292 The Accountant’s Environment 20 80 200
L/617/3291 Quantitative Methods 20 80 200
J/617/3290 Financial Accounting 20 80 200
R/617/3289 Management Accounting 20 80 200
L/617/3288 Management Concepts and Practice 20 80 200
J/617/3287 Business Economics 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 4 Diploma in Accounting and Business will allow progress to

  • Wide range of academic progressions OTHM Level 4 Diploma in Accounting and Business, including the Level 5 Diploma in Accounting and Business qualification.
  • Progression to career development


The total cost is subjected to 20% VAT.

Diploma in Accounting and Business

level 4
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