LCFP

OTHM Level 5 Extended Diploma in Accounting and Business

Original price was: £1,100.00.Current price is: £900.00.

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Description

COURSE LEVEL COURSE TYPE AWARDING BODY DURATION STUDY METHOD CERTIFICATE Assessment Method
Level 5 Ext Endorsed Course OTHM 2 Year Online Self-Paced Available to Purchase Separately All units within this qualification are internally assessed by the centre and externally verified by OTHM

Overview

The objective of the OTHM Level 5 Extended Diploma in Accounting and Business qualification is to provide learners with an understanding of accounting and business in the broader business context, and to provide them with the practical, industry-focused skills to manage business finances, budgets and cash flow effectively, and to play a key role in business growth.

Learners will build the essential knowledge and skills required for careers in various businesses. In these roles, accounting and business literacy are key skills for managers at all levels.

Learners will study Level 4 and Level 5 units, earning 120 credits per academic year. This totals 240 credits, which is equivalent to the first two years of an honours degree.

The Level 4 units lay a strong foundation by introducing relevant accounting and business topics. These units combine theoretical and practical knowledge in academic and research skills. They also cover the business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams.

As learners progress, the Level 5 units allow them to apply key skills to various relevant subject areas. This course provides knowledge in business strategy, financial management, planning, reporting, and human resource management. Learners will also integrate their knowledge from these disciplines to produce a viable business plan.

Upon successful completion, learners will acquire the specialist skills and technical terminology needed to excel in accounting, business, and management. Additionally, they will be well-prepared to progress to further study or employment.

Course Outline

The OTHM Level 5 Extended Diploma in Accounting and Business includes 12 mandatory units, totaling 240 credits. This qualification requires 2400 hours of Total Qualification Time (TQT), with a minimum of 1200 Guided Learning Hours (GLH) recommended.

To achieve the OTHM Level 5 Extended Diploma in Accounting and Business, learners must complete 240 credits. These credits are divided equally between Level 4 and Level 5, with each level comprising 6 units worth 120 credits.

Level 4: 6 Mandatory Units

  1. Academic Writing and Research Skills (20 credits)
  2. Business and the Economic Environment (20 credits)
  3. Principles of Financial Accounting (20 credits)
  4. Quantitative Methods in a Business Context (20 credits)
  5. Management Accounting (20 credits)
  6. Leading and Managing Teams (20 credits)

Level 5: 6 Mandatory Units

  1. Principles and Concepts of Business Strategy (20 credits)
  2. Financial Management (20 credits)
  3. Financial Planning and Control (20 credits)
  4. Financial Reporting (20 credits)
  5. The Management of Human Resources (20 credits)
  6. Business Start-up: Conception to Market (20 credits)

This structure ensures learners develop a comprehensive understanding of both foundational and advanced topics in accounting and business. As a result, they will be well-prepared for further study or to enter the workforce with confidence.

Requirements

These qualifications target learners typically aged 18 and above.

The entry profile for learners likely includes at least one of the following:

  • A relevant Level 3 Diploma or an equivalent qualification.
  • GCE Advanced Level in two subjects or an equivalent qualification.
  • Mature learners (over 21) with relevant management experience. However, learners must check with the delivery centre regarding this experience before registering for the programme.

English requirements:

If a learner is not from a majority English-speaking country, they must provide evidence of English language competency.

This ensures that all learners have the necessary language skills to succeed in the programme. These requirements help create a strong foundation for learners to fully engage with and benefit from the course content. For more information visit the English Language Expectations page.

Who is This Course For?

The objective of the OTHM Level 5 Extended Diploma in Accounting and Business is to equip learners with a comprehensive understanding of accounting within the broader business context. This qualification also aims to develop practical, industry-focused skills. Learners will gain the ability to manage business finances, budgets, and cash flow effectively. Additionally, they will be prepared to play a key role in business growth.

Through this diploma, learners will build the knowledge and skills necessary for a career in various businesses. In these roles, accounting and business literacy are essential skills for managers at all levels. As a result, graduates will be well-prepared to meet the demands of the business world and contribute significantly to their organizations.

Assessment

All units in this qualification undergo internal assessment by the centre and external verification by OTHM. These qualifications use a criterion-referenced approach, focusing on achieving all specified learning outcomes.

To pass a unit, learners must provide evidence showing they have met all the learning outcomes. Additionally, they must meet the standards outlined by the assessment criteria. The Assessor makes the judgment on whether learners have successfully fulfilled these criteria.

Furthermore, the Assessor must create an audit trail that details how they arrived at their judgment of the learners’ overall achievement. This process ensures transparency and accountability throughout the assessment.

Accreditation

London College for Professionals Offers Endorsed Courses by OTHM UK and under OTHM Endorsed Provision.

OTHM Endorsed Provision

London College for Professionals has designed and developed its courses under the guidance and supervision by OTHM to ensure that its courses meet the high standards quality criteria.

About OTHM

UK based Awarding Organisation regulated by Ofqual (Office of the Qualifications and Examinations Regulation).

We operate a network of numerous delivery centres globally to offer our qualifications. In addition, OTHM has established strong academic relationships in the UK and overseas. This ensures that OTHM qualifications receive global recognition.

This local and international recognition has significantly enhanced the employability skills of OTHM graduates. Moreover, it allows them to join degree and Master’s top-up programs. As a result, graduates can advance both their academic and professional careers with greater confidence.

Certification

Upon successfully passing the course, the learner must pay for a Certificate of Completion from LCFP (either in PDF format or Hardcopy) or an Endorsed Diploma from OTHM (Hardcopy).

Additional information

Assessment Method

Internal assessment by the LCFP and external verification by OTHM

Awarding Body

OTHM

Certificate

E-Certificate, Hard Copy is Available to Purchase Separately

Course Level

Course Type

Duration

2 Years

Study Method

Online Self-Paced

Query Form

Query Form

FAQ

Yes, you have a Cooling-Off Period of 14 days from the course start date to cancel your enrollment and receive a refund, subject to a cancellation fee of £150. Please notify the College’s finance team via email at info@lcfp.org.uk within this period to initiate the refund process.

If you’re unable to make a payment on the agreed date, you should promptly inform the College’s finance team in writing via email, detailing the reasons for the delay and requesting an extension. Failure to do so may result in additional charges, including late payment fees of £50 after 30 days from the original due date, and potential interest. It’s essential to keep communication open to avoid any penalties.

The College reserves the right to make changes to courses, including content, instructors, and schedules, or to cancel them entirely. In such cases, we will make reasonable efforts to inform affected students and provide suitable alternatives. If you have any concerns or questions about changes to your course, please reach out to us via email at info@lcfp.org.uk for assistance.

If you’re inactive for a prolonged period, meaning you’re not engaging in course activities such as logging into the learning portal, attending scheduled classes, or submitting assignments, LCFP will send you reminders to encourage your participation. If you fail to respond to three reminders, you may be withdrawn from the course. It’s essential to stay engaged and communicate with us if you encounter any difficulties during your studies.

If you’re struggling academically, LCFP is here to support you. Upon failing an assignment, you’ll receive detailed feedback to help you improve. However, if you fail the same assignment twice, you’ll receive a formal warning about potential withdrawal from the course. Continued poor academic performance despite the warning may lead to withdrawal. We encourage you to take advantage of our support services and communicate any challenges you face during your studies.

Unfortunately, students who are withdrawn from the course due to inactivity or poor academic performance are not eligible for a refund. It’s important to maintain engagement and academic progress to avoid withdrawal. If you’re withdrawn and wish to re-enroll, you’ll need to meet specific criteria, and there will be a re-enrolment fee of £250.

If your first submission doesn’t meet all the assessment criteria, you’ll receive a grade of “refer” along with detailed feedback from your tutor/assessor. The feedback will highlight areas where your work fell short and provide guidance for improvement. You’ll then have the opportunity to revise your work and resubmit it within a designated time frame, typically two weeks.

Yes, under certain conditions, you may be eligible for a further resubmission opportunity. Your tutor may approve a third attempt if they believe it aligns with your academic development. However, there are considerations such as maintaining academic integrity and potential additional fees for the assessment of the second resubmission. It’s important to engage with the feedback provided and seek support if needed to improve your work.

If you fail to meet the passing grade after all permitted resubmissions, you’ll be considered to have failed the unit. In such cases, you’ll have the option to retake the unit in the following semester. This involves re-enrolling for the unit at the prevailing fee and completing all assessments afresh, regardless of previous attempts. It’s essential to make use of available support services and focus on improvement throughout your studies.

Yes, you have the right to cancel your acceptance at any point before the course commencement in accordance with LCFP’s Fee & Refund Policy. Please ensure your refund request aligns with the policy guidelines for a smooth cancellation process.

You may request a change to your initially selected course once, provided you haven’t accessed or commenced the course. Approval for such changes depends on meeting the specific criteria of the new course and is at LCFP’s discretion. Please submit all related requests formally to admissions@lcfp.org.uk for consideration.

It’s essential to complete your course within the allocated timeframe (18 months for Level 3 courses, 24 months for Levels 4 to 7). Failure to do so necessitates re-enrollment, which incurs a fee of £250, subject to approval. Make sure to manage your time effectively to meet these deadlines and avoid additional costs.

Plagiarism involves using someone else’s ideas, words, or work without proper acknowledgment. To avoid plagiarism, ensure that you always attribute sources correctly using the Harvard referencing style. This means providing in-text citations for direct quotes or paraphrased ideas and including a reference list at the end of your work. It’s crucial to distinguish between your own thoughts and those of others and to always credit external sources appropriately.

While some level of similarity is expected, especially when using common terminology or quoting from academic sources, excessive similarity may indicate potential plagiarism. Your assignment will be reviewed using text comparison software like Turnitin and Copy Catch, which checks for similarities with internet sources and previous student submissions. If concerns arise, you may receive academic writing support to improve your referencing and citation skills. In more serious cases, you may be referred to the Academic Conduct Officer for further investigation and disciplinary action if necessary.

LCFP provides detailed guidance on referencing and avoiding plagiarism in the LCFP Guide to the Harvard Referencing Style. Additionally, module-specific guidelines and feedback from tutors can help you understand academic conventions and improve your referencing skills. Remember, mastering proper citation and referencing is essential for academic success and integrity, so don’t hesitate to seek support and feedback as you develop your academic writing skills.