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DIPLOMA IN accounting and finance


Postgraduate level qualifications

120 credits (online)

Ofqual Qualification Number: 603/5882/8

Course description

OTHM Level 7 Diploma in Accounting and Finance qualification is to provide learners with an understanding of contemporary and specialised approaches to accountancy and finance, key practical, theoretical and empirical issues, and academic research, the complexity of the ever-changing legal framework in which the financial sector operates and the latest developments in accountancy and reporting required by local, national and European government.

This qualification is designed for learners who wish to pursue a career in the financial services industry, professional accountancy, banking and finance or management. The qualification equips learners with the essential skills and knowledge needed to pursue high-level careers in all types of organisations in the public and private sector and within industry and commerce, both in the UK and abroad. The Level 7 Diploma in Accounting and Finance qualification also provides learners with the opportunity to work toward a relevant master’s programme with advanced standing.


Entry requirements

For entry onto the OTHM Level 7 Diploma in Accounting and Finance qualification, you must possess:

1. An honours degree in a related subject or UK level 6 diploma or an equivalent overseas qualification

2. Mature learners with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)

3. Learners must be 21 years old 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.



The OTHM Level 7 diplomas on the Regulated Qualifications Framework (RQF) are at the same level as master’s degrees. However, they are shorter (120 credits) and students will have to proceed to the dissertation stage (60 credits) with a university to achieve a full masters programme.


Qualification Structure and Content

OTHM Level 7 Diploma in Accounting and Finance consists of 6 mandatory units, making a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification. To achieve the OTHM Level 7 Diploma in Strategic Management and Leadership, you must achieve a minimum of 120 credits; 80 credits must be achieved from the mandatory units in Group A, plus a minimum of 40 credits from the optional units in Group B.

Group A - Mandatory Units:

Investment Analysis  (20 credits) 

The aim of this unit is to develop learners’ understanding of investment theories and market equilibrium models and includes the requirement to perform bond valuations and evaluate current investment performance. On successful completion of this unit, learners will be equipped with the skills to critically assess the cause and effect of developments on the world’s capital market. Learners will be able to make effective recommendations for future investments.

Corporate Reporting (20 credits) 

The aim of this unit is to develop learners’ ability to prepare and interpret financial statements for a range of business organisations. Learners will be able to apply relevant accounting concepts and principles. The unit provides an opportunity for learners to enhance their quantitative and qualitative analytical skills through the interpretation of financial data.

Global Finance and Strategy (20 credits) 

The aim of this unit is to develop learners’ understanding of the types of decisions that need to be taken when entering global markets. Learners will gain an understanding of why independence in solving financial issues within a specific period of time is vital for business success.

Strategic Financial Management (20 credits) 

The aim of this unit is to develop learners’ understanding of planning and managing the use of an organisation’s financial resources. Learners will understand the importance of attaining business objectives and maximizing shareholder return. Learners will gain a working knowledge of business strategy design and the production of comprehensive business plans.

Strategic Audit (20 credits) 

The aim of this unit is to develop learners’ understanding of how managers can position and execute business strategy appropriately. This will involve an in-depth study of the strategic auditing process and related procedures. Learners will be able to understand and apply suitable investigative techniques to both positive and negative environments.

Business Research Methods (20 credits)

The aim of this unit is to develop learners’ understanding of research principles including the formulation of research proposals, literature reviews, referencing, data collection using interviews and surveys, questionnaire design, statistical analysing using SPSS, qualitative data, and methods for drawing conclusions from the analysed data.

Duration and delivery

OTHM Level 7 Diploma in Accounting and Finance 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 7 Diploma in Accounting and Finance is taught through online learning (Learning Management System and a weekly live webinar).


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 student's overall achievement has been arrived at.



Successful completion of the OTHM Level 7 Diploma in Accounting and Finance qualification enables learners to progress into or within employment and/or continue their further study. As this OTHM qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), students are eligible to progress to master's top-up programmes at many universities in the UK and overseas with advanced standing. For more information visit the 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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