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DIPLOMA IN accounting and BUSINESS


Undergraduate level qualifications

120 credits (online)

Ofqual Qualification Number: 603/3809/X

Course description

OTHM Level 5 Diploma in Accounting and Business qualification is to provide learners with the knowledge and skills required by a middle manager in an organisation that may be involved in financial management, financial planning and control, financial reporting, taxation and people management.

Entry requirements

For entry onto the OTHM Level 5 Diploma in Accounting & Business qualification, you must possess:

1. Relevant NQF/QCF Level 4 Diploma in Accounting and Business or at the level of GCE/GCSE or equivalent

2. Mature students (over 21) with management experience (please check with LSBE regarding this experience prior to registering for the programme)

3. Students must be 18 years or older at the beginning of the course

4. English requirements: As this qualification is taught in English, you must have an appropriate level of English for entry onto the OTHM qualifications. If you are not from a majority English-speaking country, you must provide evidence of English language competency. For more information visit the English Language Expectations page. If you do not hold any certificate, LSBE will provide you with an English Level Test for free. Please contact us.



OTHM qualifications at Level 5 represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Higher National Certificates (HND) and Year 2 of a three-year UK Bachelor's degree programme.


Qualification Structure and Content

OTHM Level 5 Diploma n 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:

Financial Management (20 credits) 

The aim of this unit is to provide learners with knowledge of key financial theories and working capital management, and the skills to review techniques for managing an organisation’s global financial risk.

Financial Planning and Control (20 credits) 

The aim of this unit is to provide learners with knowledge of financial planning and control in organisations with reference to corporate governance, and the financial management environment. Learners will develop the skills required to assess the potential investment decisions and global strategies of organisations.

Financial Reporting (20 credits) 

The aim of this unit is to develop learners’ skills in managing an organisation’s business assets and preparing a range of standard financial reports to present the financial position of an organisation.

Taxation Principles and Practices (20 credits) 

The aim of this unit is to develop learners understanding of taxation principles, and the requirements for personal and business taxation in their country or region.

People Management (20 credits) 

The aim of this unit is to develop learners’ understanding of people management in organisations, from recruitment, through to HR processes, managing job performance, reward and recognition, and training and development.

Business Ethics and Corporate Social Responsibility (20 credits) 

The aim of this unit is to introduce learners to the research process, the methods and types of research whilst they are conducting a small-scale study.

Duration and delivery

OTHM Level 5 Diploma in Accounting and Business qualification is designed to be delivered over one academic year if you chose to study full-time, however, it is also flexible to accommodate part-time and distance learning. At LSBE, the OTHM Level Diploma in Accounting and Business qualification is taught through online learning (Learning Management System and weekly live webinars).


Assessment and Verification

All units within this qualification are internally assessed by the centre and externally verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes. To achieve a ‘pass’ for a unit, you must provide evidence to demonstrate that you have fulfilled all the learning outcomes and meet the standards specified by all assessment criteria. The judgement that the students have successfully fulfilled the assessment criteria is made by the Assessor. The Assessor should provide an audit trail showing how the judgement of the students’ overall achievement has been arrived at.



Successful completion of the Level 5 Diploma in Accounting and Business provides learners with the opportunity for a wide range of academic progressions including OTHM Level 6 Diploma in Accounting and Business . As this  OTHM qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), students are eligible to gain direct entry into Year 2 of a three-year UK Bachelor’s degree programme. For more information visit OTHM University Progressions page.


Technical requirements

As this qualification is taught through a distance learning format, you will be studying online. Therefore, you must have access to a desktop or laptop computer and a broadband internet connection.

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