OTHM Level 5 Extended Diploma in Accounting and Business

OTHM Level 5 Extended Diploma in Accounting and Business

The OTHM Level 5 Extended Diploma in Accounting and Business is a 120-credit program designed to equip learners with advanced knowledge and practical skills in business management, accounting, and strategic decision-making. The program combines theoretical understanding with applied business practices, preparing students to operate effectively in managerial, financial, and entrepreneurial roles across diverse business environments.

Key Units and Learning Outcomes

1. Principles and Concepts of Business Strategy (20 credits)
   • Understand and apply business strategy principles to achieve competitive advantage.
   • Analyze strategic options and implement effective strategies in varied organisational contexts.
   • Develop skills in evaluating internal and external business environments and using strategic frameworks.
2. Financial Management (20 credits)
   • Gain knowledge of financial management principles, including working capital management, capital structure, and global financial risks.
   • Apply financial decision-making techniques for investment, financing, and operational funding.
   • Evaluate financial performance and optimize resources for organizational growth.
3. Financial Planning and Control (20 credits)
   • Understand corporate financial planning and control processes.
   • Explore diverse sources of business finance and investment strategies.
   • Apply global financial risk management principles and corporate governance practices for effective decision-making.
4. Financial Reporting (20 credits)
   • Develop skills in preparing, analyzing, and interpreting financial statements and budgets.
   • Apply investment appraisal methods and advanced financial evaluation techniques.
   • Communicate financial information effectively to support strategic planning and performance evaluation.
5. The Management of Human Resources (20 credits)
   • Understand HR principles, operational and strategic HR functions, and their alignment with business strategy.
   • Analyze the impact of internal and external factors on HRM.
   • Explore modern HR initiatives, including technology, diversity, flexible working, and mental health programs.
6. Business Start-Up: Conception to Market (20 credits)
   • Learn the fundamentals of entrepreneurship and business start-up processes.
   • Develop a business plan to attract stakeholder support and prepare for market launch.
   • Understand the resources, support systems, and legal requirements necessary for successful business establishment.

Program Highlights

• Combines strategic, financial, and human resource management knowledge.
• Equips learners with practical skills for decision-making, planning, and business operations.
• Prepares students for managerial, entrepreneurial, and consultancy roles in various sectors.
• Integrates applied learning with theory to support real-world business challenges.