OTHM Level 5 Diploma in Accounting and Business
Overview
Accounting and finance are fundamental to every business operation. Whether in banking, manufacturing, large-scale service sectors, or small enterprises, the ability to effectively manage, plan, and account for financial resources remains a core measure of success and a driving force behind sustainable growth.
The OTHM Level 5 Diploma in Accounting and Business is designed to equip learners with the essential knowledge and practical skills expected of a middle manager. The qualification covers critical areas such as business strategy, financial management, reporting, planning and control, as well as human resource management. It also offers learners the opportunity to apply their learning by exploring the dynamics of business start-ups and crafting a professional business plan.
The OTHM Level 5 Diploma in Accounting and Business is structured around six compulsory units, amounting to a total of 120 credits. The qualification comprises 1,200 hours of Total Qualification Time (TQT), including 600 Guided Learning Hours (GLH).
Mandatory Units
- Principles and Concepts of Business Strategy (20 credits)
- Financial Management (20 credits)
- Financial Planning and Control (20 credits)
- Financial Reporting (20 credits)
- The Management of Human Resources (20 credits
- Business Start-up: Conception to Market (20 credits)
To enrol in the OTHM Level 5 Diploma in Accounting and Business, applicants must meet the following criteria:
- Hold a relevant Level 4 diploma or an equivalent recognised qualification
- Be at least 18 years of age at the start of the course
All units in this qualification are assessed internally and externally verified by OTHM to ensure quality and consistency. The qualification follows a criterion-referenced framework, meaning learners are evaluated based on their achievement of clearly defined learning outcomes.
Assessment is entirely assignment-based – there are no exams, allowing learners to demonstrate their understanding through practical, coursework-driven tasks.
This qualification is offered exclusively through online and blended learning formats. While it is typically structured for completion over one academic years on a full-time basis, its delivery is intentionally flexible—making it suitable for part-time and distance learners as well.
The OTHM Level 5 Diploma in Accounting and Business program is delivered by London Campus of Higher Studies – LCHS and awarded by OTHM UK.
Upon Successful completion of OTHM Level 5 Diploma in Accounting and Business at London Campus of Higher Studies – LCHS, OTHM UK will award them Level 5 Diploma Certificates.
Successfully completing the OTHM Level 5 Diploma in Accounting and Business opens the door to a broad range of academic pathways. Learners can advance to the OTHM Level 6 Diploma in Accounting and Business or pursue other relevant Level 6 qualifications within the OTHM framework.
Designed with both career advancement and professional recognition in mind, this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation). As a result, learners may be eligible for direct entry into the final year of a three-year UK Bachelor’s degree program.
Information
Mode of Study
Online | Blended Learning
Duration
Full Time - 1 year | Flexible Durtion
Credits and Intakes
120 Credits | Gain Access and Start Learning
Delivered and Awarded By
Delivered By
Awarded By
Frequently
Asked
Questions
This course is ideal for individuals aiming for mid-level roles in accounting, finance, or business management, and for those seeking a solid academic progression pathway.
Applicants must hold a relevant Level 4 diploma or an equivalent recognised qualification and be at least 18 years old at the start of the course.
Learners explore business strategy, financial management, financial reporting, planning and control, and human resource management, alongside developing a comprehensive business plan.
The qualification comprises six mandatory units, totalling 120 credits, with 1,200 hours of Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH).
Yes. The diploma is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation) in the UK and is recognised by academic institutions and employers worldwide.
Graduates can advance to OTHM Level 6 Diplomas, or may be eligible for direct entry into the final year of a UK Bachelor’s degree program.
This course is available with flexible learning, including online or blended formats.
The course builds essential skills for roles in finance, accounting, business management, and consultancy, particularly in mid-level supervisory or management positions.
Sample Certificate
