ACCOUNTING AND FINANCE PROGRAMS
Level 5 Diploma in Accounting and Finance
Take the Next Step Toward Professional Accounting Success
Course Overview
Level 5 Diploma in Accounting and Finance is designed to deepen learners' understanding of financial and management accounting in business environments. It equips individuals with critical knowledge and practical skills to manage financial functions efficiently and ethically across different organizational contexts.
This diploma builds upon foundational concepts and introduces learners to more complex theories and practices including financial reporting, taxation, financial planning, ethics, and managing people. It prepares learners for a career in finance, accounting, and business, or for progression to higher education.
Successful completion of the Level 5 Diploma provides direct progression opportunities to further academic study (e.g., a Level 6 qualification or degree programme), or into a wide range of finance and accounting roles.
Entry Requirements
To ensure accessibility and quality of learners:
- Applicants must be aged 18 years or older.
- Hold a Level 4 qualification in Accounting and Finance or a related field (e.g., QUALIFI Level 4 Diploma).
- Alternatively, learners with significant industry experience but without formal qualifications may be considered on a case-by-case basis.
Language Requirement:
- For non-native English speakers, an IELTS score of 6.0 (or equivalent) is required.
References:
- Applicants are normally expected to provide two supporting references, one of which should be academic.
Qualification Structure
Learners must complete all the following mandatory units:
- Financial Management
- Financial Planning and Control
- Financial Reporting
- Principles and Practices of Taxation
- Management of People
- Ethics and Corporate Responsibility in Business
Key Outcomes
By the end of the course, learners will be able to:
- Understand financial theories, working capital, and global risk management strategies.
- Demonstrate knowledge of corporate governance, financial control, and investment appraisal.
- Analyze and prepare comprehensive financial reports and manage organizational assets.
- Understand the principles of taxation and apply them to both personal and business contexts.
- Demonstrate effective people management across the HR cycle, from recruitment to development.
- Evaluate the importance of ethics and corporate social responsibility (CSR) in modern business practices.
Duration and Delivery
This qualification is designed to be flexible and accessible to a diverse range of learners. It can typically be completed over one academic year, depending on the mode of study (full-time or part-time) and the learner's pace.
Delivery methods may include:
- Instructor-led classroom sessions
- Online learning modules
- Self-directed study
- Group projects and collaborative tasks
- Practical IT labs and case studies
Assessment and Verification
Formative Assessment
- Ongoing during the course
- Focused on developmental feedback from tutors
- Not graded but essential for improvement and preparation
Summative Assessment
- Conducted at the end of each unit
- Evaluates knowledge, application, and skills
- Marks are subject to internal and external verification
Career & Progression Opportunities
Graduates of the Level 5 Diploma in Accounting and Finance can:
- Progress to Level 6 or undergraduate degree programmes in Accounting, Finance, or Business.
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Pursue roles such as:
- Finance Officer
- Accounts Executive
- Payroll Analyst
- Tax Assistant
- Budget Analyst
- Assistant Auditor
This qualification is also a pathway toward professional accounting certifications or specialisation in financial compliance, corporate finance, or tax advisory.