The OTHM Level 6 Diploma in Accounting and Business is a prestigious and highly regarded qualification, designed for individuals seeking to advance their careers in accounting, finance, and business management. This Ofqual-regulated qualification is ideal for those wishing to gain in-depth knowledge and practical skills in the accounting and business sector. The program is entirely assignment-based, providing a flexible and practical learning experience, focused on real-world business scenarios.
The OTHM Level 6 Diploma in Accounting and Business is a qualification designed for individuals who are looking to further their understanding of accounting and business principles, without the need for traditional exams. This course is ideal for professionals who wish to progress in the accounting field or take on management roles within business organizations. The diploma offers a comprehensive understanding of key areas such as financial accounting, business analysis, strategic planning, and financial management.
This Ofqual-regulated qualification ensures that the program adheres to the highest academic standards, offering candidates the knowledge and skills needed to excel in today’s competitive business environment. Whether you are looking to enhance your current role or pursue new opportunities, this diploma offers the tools and qualifications needed to achieve career growth.
Enrolling in the OTHM Level 6 Diploma in Accounting and Business is a straightforward process. Interested candidates can apply directly to accredited training providers offering the qualification. These providers will guide you through the enrollment process and ensure you have access to the necessary resources and support throughout your studies.
The OTHM Level 6 Diploma in Accounting and Business is an excellent choice for individuals seeking to enhance their accounting and business skills while gaining a qualification that is both recognized and highly respected. With its Ofqual-regulated status and assignment-based approach, this diploma offers a practical, flexible, and comprehensive learning experience that prepares graduates for the challenges of today’s business world.
OTHM Level 6 Diploma in Accounting and Business
The OTHM Level 6 Diploma in Accounting and Business comprises 6 mandatory units, totaling 120 credits. The qualification requires 1200 hours of Total Qualification Time (TQT) and 480 Guided Learning Hours (GLH) to complete.
| Sr# | Unit Title | Credits | GLH |
|---|---|---|---|
| 1 | Corporate and Business Law | 20 | 80 |
| 2 | Business Performance Measurement | 20 | 80 |
| 3 | Financial Securities Markets | 20 | 80 |
| 4 | Audit and Assurance | 20 | 80 |
| 5 | Business Research Project | 20 | 80 |
| 6 | Investment and Risk Management | 20 | 80 |
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 heir 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 OTHM Level 6 Diploma in Accounting and Business
Corporate and Business Law
- Understand key elements of the English legal system.
- Understand English legislation relating to anticompetitive practices.
- Understand intellectual property rights.
- Understand the legal relationship between business organisations and their consumers.
- Understand the legal background relating to limited companies.
Business Performance Measurement
- Understand the principles of performance measurement.
- Understand performance analysis in for profit and notfor-profit organisations
- Understand specialist cost and management accounting techniques.
- Understand performance measurement reporting.
Financial Securities Markets
- Understand different types and trading of securities.
- Understand principles of investment theory, securities and market analysis.
- Understand the legislation and regulation controlling the financial services industry.
Audit and Assurance
- Understand internal audit principles.
- Understand current external audit legal and professional requirements. Understand the risk involved in the external audit process.
- Understand current external auditing practice.
Business Research Project
- Be able to propose a research project in a business and management context.
- Be able to prepare a research plan and conduct a literature review.
- Be able to carry out research according to the chosen research specification.
- Be able to evaluate research and present results and conclusion.
Investment and Risk Management
- Understand the principles of financial market trading and investment
- Understand the theory of financial market trading and investment
- Understand risks associated with market trading and investment
The Course Benefits of the OTHM Level 6 Diploma in Accounting and Business are as :
- Industry Recognition: The OTHM Level 6 Diploma is an Ofqual-regulated qualification, ensuring it meets high academic standards and is recognized by employers worldwide. This enhances your professional credibility and demonstrates your commitment to excellence in the field of accounting and business.
- Comprehensive Knowledge: This diploma offers an in-depth understanding of essential accounting and business principles, covering key areas such as financial management, business strategy, financial reporting, and business analysis. This broad knowledge equips you with the skills needed to tackle complex challenges in the workplace.
- Practical Application: The assignment-based assessment structure allows you to apply theoretical knowledge to real-world business scenarios. This hands-on approach helps you develop practical skills that can be directly used in your career, making you more effective in your role.
- Flexible Learning: With a focus on assignments instead of traditional exams, the course provides flexibility in how and when you complete your studies. You can work at your own pace, which makes it easier to balance the demands of work, life, and education.
- Career Advancement: Completing this qualification opens up opportunities for career progression in the accounting and business sectors. It can help you qualify for higher-level roles such as finance manager, business consultant, or financial analyst, enhancing your earning potential and job prospects.
- Pathway to Further Education: The OTHM Level 6 Diploma serves as a stepping stone to postgraduate qualifications, such as an MBA or other advanced business qualifications. It also provides the foundation needed for professional certifications in accounting and business.
- Global Opportunities: The skills and knowledge gained through the diploma are relevant across various industries and countries, opening doors to international career opportunities. Whether you want to work in the UK or abroad, this qualification enhances your employability in the global job market.
- Support and Guidance: Throughout the course, you’ll receive dedicated support from experienced tutors and assessors, ensuring you stay on track and get the most out of your learning experience. This support structure helps you achieve the best possible results.
- Value for Money: The OTHM Level 6 Diploma offers a cost-effective way to gain a high-quality education in accounting and business. With its practical focus and real-world relevance, it provides excellent value for both personal and professional development.
The ideal learner for the OTHM Level 6 Diploma in Accounting and Business would be someone who is looking to advance their knowledge and career in accounting, finance, and business management at a higher level. Below are some key characteristics and qualities of the ideal learner for this program:
1. Educational Background:
- Prior Qualifications: The ideal learner should have completed a relevant qualification at a lower level, such as an OTHM Level 5 Diploma, a foundation degree, or a similar qualification in accounting, business, or a related field.
- Understanding of Basic Concepts: They should have a solid understanding of the fundamental concepts of accounting, finance, and business operations, which will be expanded upon in this program.
2. Professional Experience:
- Experience in Accounting or Business: Learners with practical experience in accounting, finance, or business roles will benefit from the program. This could include junior accounting positions, financial analysis, or roles in management and administration.
- Career Aspirations: Ideal learners are often mid-career professionals aiming to enhance their expertise, transition into higher roles such as financial managers or business analysts, or even start their own business.
3. Skills and Competencies:
- Analytical and Critical Thinking: They should have strong analytical skills to understand complex financial data, assess business performance, and solve business-related problems.
- Numerical Proficiency: A good grasp of mathematics and the ability to apply numerical analysis to financial data is essential.
- Communication Skills: The learner must be able to communicate complex financial information clearly and concisely, both in writing and verbally, to stakeholders at various levels.
- Time Management and Organization: As the program involves a significant amount of coursework and independent study, the ideal learner should be able to effectively manage their time and prioritize tasks.
4. Motivation and Personal Attributes:
- Self-Driven and Independent: The learner should be motivated to study independently, with a strong desire to further their knowledge and skills.
- Commitment to Professional Growth: They should be committed to advancing their career and achieving professional growth in accounting and business management.
- Resilience and Adaptability: The ideal learner should be adaptable to changes in the industry and resilient in the face of challenges in their studies.
5. Career Goals and Objectives:
- Seeking Senior Roles: The learner may be aiming for senior-level positions in accounting, finance, or business management, such as Finance Manager, Financial Analyst, Business Consultant, or similar roles.
- Entrepreneurial Aspirations: Learners who wish to start or grow their own business will also find this program beneficial, as it provides a deeper understanding of business operations, strategy, and financial management.
6. Technical Competence:
- Proficiency with Accounting Software: Familiarity with common accounting and business software such as QuickBooks, Excel, or other enterprise resource planning (ERP) systems is beneficial.
- Technologically Savvy: Being comfortable with digital tools and platforms for learning, collaboration, and data analysis is important, as the course may involve online learning and technology-driven assessments.
7. Global Perspective:
- Interest in International Business Practices: The ideal learner may be interested in understanding global business practices and financial regulations, particularly if they aim to work for multinational companies or in international finance.
Entry Requirements
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Qualification Process
Qualification Process OTHM Level 6 Diploma in Accounting and Business
- 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 OTHM External Quality Assurance Versifier (EQA) for final confirmation. The EQA may contact you directly to verify the authenticity of your evidence. - Certification:
Upon successful completion of all checks, OTHM will issue your official certificate, confirming that you have attained the OTHM Level 6 Diploma in Accounting and Business
