In the dynamic world of finance and accounting, possessing a robust skill set and comprehensive knowledge is essential for career advancement. The Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance is a prestigious qualification designed to equip learners with in-depth expertise in accounting principles, financial management, and analytical skills needed for success in the finance sector.
This combined diploma is Ofqual-regulated and internationally recognised, making it a credible and valuable certification for professionals and students worldwide. Its assignment-based assessment model offers flexible learning, enabling candidates to balance their studies alongside professional or personal commitments.
The Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance is structured to provide a thorough understanding of key accounting concepts and financial management techniques. The course covers fundamental accounting processes, budgeting, financial reporting, taxation, and advanced financial strategies, preparing learners to meet the challenges of modern financial environments.
Designed for both newcomers and experienced professionals, this diploma blends theoretical knowledge with practical application, fostering skills that are immediately applicable in the workplace.
This combined diploma offers an extensive curriculum that spans the foundational and advanced aspects of accounting and finance. Learners engage with topics such as financial accounting, management accounting, corporate finance, auditing, and taxation. The course is ideal for those aiming to enhance their financial expertise and pursue careers in accounting, finance, or related fields.
The Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance offers a robust, flexible, and internationally recognised pathway for individuals seeking to develop advanced accounting and financial expertise. Whether you are starting your career or aiming to enhance your professional qualifications, this diploma provides the knowledge and skills essential for success in the competitive finance industry.
Enroll today to take a significant step toward advancing your career in accounting and finance.
Qualifi Level 5 Extended Diploma in Accounting and Finance consists of 12 mandatory units having 2400 TQT and 1200 GLH. Learners must complete all mandatory units to achieve 240 Credits.
| Sr# | Unit Title | Credits | GLH |
| 1 | Accounting in a Business Context | 20 | 200 |
| 2 | Economics for Business Mathematical | 20 | 200 |
| 3 | Accounting Methods | 20 | 200 |
| 4 | Financial Accounting | 20 | 200 |
| 5 | Management Accounting | 20 | 200 |
| 6 | Leadership and Management in Accounting | 20 | 200 |
| 7 | Financial Management | 20 | 200 |
| 8 | Financial Planning and Control | 20 | 200 |
| 9 | Financial Reporting | 20 | 200 |
| 10 | Principles and Practices of Taxation | 20 | 200 |
| 11 | Management of People | 20 | 200 |
| 12 | Ethics and Corporate Responsibility in Business | 20 | 200 |
GLH (Guided Learning Hours) and TQT (Total Qualification Time) are terms commonly used in vocational qualifications to help define the amount of time a learner is expected to spend on their studies.
1. GLH (Guided Learning Hours)
GLH refers to the number of hours a learner spends being directly taught, supervised, or supported during their course. This includes the time spent in activities such as:
- Classroom instruction
- Practical workshops
- One-on-one tutoring or mentoring sessions
- Online learning sessions with tutor support
In other words, GLH represents the time that learners are actively engaged with their instructors or learning activities.
2. TQT (Total Qualification Time)
TQT represents the total amount of time a learner is expected to invest in completing a qualification, including:
- GLH (Guided Learning Hours): Time spent on direct learning, as explained above.
- Self-Directed Learning: This includes time spent on independent study, research, assignment completion, preparation for exams, and any other work the learner does outside of direct teaching hours.
TQT is a broader measure that includes all the time required to achieve the qualification. It helps learners and employers understand the overall commitment required for the qualification.
Key Differences Between GLH and TQT:
- GLH focuses on direct learning with guidance or supervision.
- TQT includes GLH as well as independent study time and other learning-related activities.
Example:
If a qualification has a TQT of 600 hours and a GLH of 250 hours, it means the learner should spend 250 hours in direct learning (classroom, online, or tutor-led sessions) and 350 hours on independent study or research.
Learning Outcomes of Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance
Accounting in a Business Context
- Understand different types of organisational structures.
- Understand the principles of professional ethics and regulation in accounting.
Economics for Business
- Understand the ways in which macro-economic factors affect organisations.
- Understand the ways in which micro-economics factors affect organisations.
- Understand the ways in which macro-economics and microeconomics relate to the international business environment.
Mathematical Accounting Methods
- Be able to use mathematical techniques in accounting.
- Be able to create and use graphs, charts and diagrams of financial information to inform organisational decision-making.
- Be able to apply statistical methods to provide financial and accounting information.
Financial Accounting
- Value stock and direct materials (i.e. inventory).
- Account for year-end adjustments.
- Prepare the final accounts for sole traders and partnerships.
Management Accounting
- Be able to prepare budgets for an organisation.
- Be able to use standard costing techniques.
- Be able to use capital expenditure and appraisal techniques.
- Understand costing techniques.
Leadership and Management in Accounting
- Understand the application of theories of leadership and management to accounting.
- Understand motivation theory and practice in accounting.
- Understand the role of team working in accounting.
Financial Management
- Understand theories of finance.
- Understand the management of working capital.
- Be able to analyse techniques used to manage global risk.
Financial Planning and Control
- Understand corporate governance as it relates to organisations’ financial planning and control.
- Understand the economic and financial management environment
- Be able to assess potential investment decisions and global strategies
Financial Reporting
- Be able to manage an organisation’s assets.
- Be able to manage control accounts.
- Be able to produce a range of financial statements.
Principles and Practices of Taxation
- Understand the principles of taxation.
- Understand personal taxation.
- Understand business taxation
Management of People
- Understand recruitment and selection
- Understand people management in organisations.
- Understand the role of organisational reward and recognition processes.
- Understand staff training and development.
Ethics and Corporate Social Responsibility in Business
- Understand the relationship between business ethics and Corporate Social Responsibility (CSR) and financial decision-making.
- Understand the nature and role of corporate governance and ethical behavior
- Be able to analyse complex CSR and corporate governance issues in an organisation.
Course Benefits of the Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance
Benefits – Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance
- Develops Critical Thinking and Decision-Making
Equips learners to analyze financial data and make informed decisions in complex business environments. - Ofqual-Regulated and Internationally Recognised
This qualification is regulated by Ofqual and accepted globally, ensuring it is respected by employers and educational institutions worldwide. - Comprehensive Accounting and Finance Knowledge
Covers essential topics such as financial accounting, management accounting, corporate finance, taxation, and auditing to provide a well-rounded education. - Equivalent to Two Years of Undergraduate Study
Offers 240 credits, equipping learners with knowledge comparable to the first two years of a university degree. - Flexible Assignment-Based Assessment
Designed to accommodate busy schedules by allowing learners to complete assignments at their own pace without formal exams. - Enhances Practical Financial Skills
Develops the ability to prepare financial reports, conduct audits, manage budgets, and apply financial strategies effectively. - Improves Career Opportunities
Prepares learners for roles like accountant, financial analyst, auditor, tax advisor, and finance manager across various industries. - Supports Progression to Higher Qualifications
Acts as a pathway to Level 6 qualifications, undergraduate degrees, and professional certifications such as ACCA and CIMA. - Accessible for Working Professionals and Students
Suitable for individuals balancing work and study, offering flexible learning formats including online and blended options.
Ideal Learner for the Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance
The Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance is perfect for learners who:
- Are aspiring accounting and finance professionals seeking a strong foundation to launch their careers in the finance sector.
- Currently work in finance-related roles and want to formalize and enhance their qualifications for career progression.
- Are career changers aiming to transition into accounting, finance, or related business fields.
- Desire a flexible, assignment-based learning approach that fits around work or personal commitments.
- Are motivated to develop both practical skills and theoretical knowledge to succeed in diverse financial roles.
- Wish to progress to higher education or professional certifications such as ACCA, CIMA, or a university degree.
- Entrepreneurs and small business owners who want to gain a deeper understanding of financial management and accounting principles to better manage their businesses.
- Prefer a course that offers a globally recognised, Ofqual-regulated qualification that boosts employability internationally.
This course suits learners who value flexibility, comprehensive study, and a clear pathway toward advanced qualifications and professional growth in accounting and finance.
Entry Requirements
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Qualification Process
Qualification Process for the Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance
- Self-Assessment:
Begin by evaluating your eligibility to ensure you meet the qualification requirements, including work experience, knowledge, and language proficiency. - Registration:
Complete your registration by submitting the required documents, including a scanned copy of a valid ID, and paying the registration fee. - Induction:
An assessor will conduct an induction to confirm your eligibility for the course and explain the evidence requirements. If you do not meet the criteria, your registration will be canceled, and the fee will be refunded. - Assignments & Evidence Submission:
Provide all assignments and the necessary evidence based on the assessment criteria outlined in the course. If you are unsure of the required evidence, consult with the assessor for guidance on the type and nature of evidence needed. - Feedback and Revision:
The assessor will review your submitted evidence and provide feedback. Evidence that meets the criteria will be marked as “Criteria Met,” while any gaps will be identified. You will be asked to revise and resubmit if needed. - Competence Evidence:
Submit final evidence demonstrating that all learning outcomes have been met. This evidence will be marked as “Criteria Met” by the assessor once it is satisfactory. - Internal Quality Assurance (IQA):
The Internal Quality Assurance Verifier (IQA) will review your evidence to ensure consistency, quality, and compliance with standards. - External Verification:
The IQA will submit your portfolio to Qualifi’s External Quality Assurance Verifiers (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, Qualifi will issue your official certificate, confirming that you have attained the Qualifi Level 4 and Level 5 Combined Diploma in Accounting and Finance.
