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Fast-Track: 10 months
Standard mode: 15 months

The assessment is done via submission of assignment.
There are no written exams.
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OTHM Level 4 + 5 Diploma in Accounting and Business

Level 4 & 5 ⎮ University 1st and 2nd year
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OTHM Level 4 + 5 Diploma in Accounting and Business

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The objective of the OTHM Level 4 + 5 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 knowledge and skills required for a career in a wide range of businesses, where accounting and business literacy are key skills for managers at all levels. Learners will study level 4 and 5 units, worth 120 credits per academic year with a total credit value of 240 credits (equivalent to the first 2 years of an honours degree). The Level 4 units lay the foundation for subsequent learning by providing an introduction to relevant accounting and business topics. The units combine theoretical and practical knowledge in academic and research skills, the business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams. Learners have the opportunity to progress and apply key skills and techniques to a variety of relevant subject areas through the Level 5 units. The course will provide learners with knowledge and skills in the areas of business strategy, financial management, planning, reporting and human resource management. Learners will also integrate their knowledge and skills from these disciplines and learn to produce a viable business plan. Successful completion of this qualification will equip learners with specialist skills and technical terminology to develop their accounting and business and management skills and to progress to further study or employment.

Why is this course right for you?

This qualification would have particular relevance for:
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Add value to your current educational profile and achieve skillsets to compete in your job role.

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Enhance your credibility

The qualification is fully accredited and recognised and adds value to your educational profile.

OTHM Level 4 + 5 Diploma qualifications represent practical knowledge, skills, capabilities and competences that are assessed in academic terms as being equivalent to Higher National Diplomas (HND) and Year 2 of a three-year UK Bachelor's degree programme.

Key facts about Level 4 + Level 5 Diploma in Accounting and Business


100% Online

Study online with the UK’s leading online course provider.

Global programme

Study anytime, anywhere using your laptop, phone or a tablet.

Study material

Comprehensive study material and
e-library support available at no additional cost.

Extensive Tutor Support

Qualifications delivered by ICL comes with complete tutor support via email. Support via zoom meeting is provided on case to case basis.


Assessment is done through written assignments and/ or dissertation project.

Progression opportunities

As this qualification is approved and regulated, learners are eligible to gain direct entry into relevant Master’s degree programmes.

Cost Effective

Typically, British degree qualification starts from GBP £9,250 per annum, but with ICL, you enjoy savings of up to 60% on your educational investment.

Entry Requirements

Learner must possess: 01, 02, 03 and 04
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Level 3 relevant

Relevant NQF/QCF/RQF Level 3 Award/Diploma or at the level of GCE/GCSE or any equivalent qualification


1 year work experience

Work experience of 1 years or more in case you do not hold any formal qualification


Above 18 years old

Learner must be 18 years or older at the beginning of the course


English requirements

If a learner is not from a majority English-speaking country must provide evidence of English language competency. (IELTS 5.5; Reading andWriting must be at 5.5)

course contents

Qualification Structure

The OTHM Level 4 + 5 Diploma in Accounting and Business qualification consists of 12 mandatory units, 240 credits, 2400 hours Total Qualification Time (TQT) and the recommended Guided Learning Hours (GLH) for this qualification is a minimum of 1200 hours.

To achieve the OTHM Level 4 + 5 Diploma in Accounting and Business, learners must achieve 240 credits, of which 120 credits are at Level 4 (6 units) and 120 credits are at Level 5 (6 units).

Stage 1: Level 4 Diploma in Accounting and Business Units

20 credits
Management Accounting
20 credits
Academic Writing and Research Skills
20 credits
Business and the Economic Environment
20 credits
Principles of Financial Accounting
20 credits
Quantitative Methods in a Business Context
20 credits
Leading and Managing Teams
20 credits
Principles and Concepts of Business Strategy
20 credits
Financial Management
20 credits
Financial Planning and Control
20 credits
Financial Reporting
20 credits
The Management of Human Resources
20 credits
Business Start-up; Conception to Market

Stage 2: Level 5 Diploma in Accounting and Business Units

after successful study


Successful completion of the OTHM Level 4+ 5 Diploma in Accounting and Business provides learners the opportunity for a wide range of academic progressions including the OTHM Level 6 Diploma in Accounting and Business qualification.

As this qualification is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), learners are eligible to gain direct entry into Year 3 of a three-year UK Bachelor’s degree programme. For more information visit the University Progressions page.

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