The OTHM Level 7 Diploma in Accounting and Finance offers an excellent opportunity to develop advanced financial expertise and leadership skills. This Ofqual-regulated qualification is designed for professionals who want to take their career to the next level by deepening their knowledge of financial management, accounting principles, and strategic financial decision-making. The course is entirely assignment-based, making it a flexible and practical choice for individuals seeking to gain in-depth knowledge without the pressure of traditional exams.
The OTHM Level 7 Diploma in Accounting and Finance is a postgraduate-level qualification that provides advanced knowledge in the field of accounting and finance. It is ideal for professionals who are looking to progress into senior-level roles, such as Finance Manager, Chief Financial Officer (CFO), or Financial Analyst.
The qualification covers a wide range of topics, including financial accounting, management accounting, financial strategy, and corporate finance, ensuring a well-rounded understanding of the core aspects of finance.
This qualification is Ofqual-regulated, ensuring that it meets rigorous academic standards and is recognized globally by employers, academic institutions, and professional organizations. With no exams, the course is entirely assignment-based, allowing learners to focus on practical applications of the concepts learned, making it an ideal option for professionals who prefer flexible learning.
If you are looking to advance your career in the accounting and finance sector, the OTHM Level 7 Diploma in Accounting and Finance offers a rigorous, practical, and flexible learning experience that will provide you with the knowledge and skills required to succeed in senior roles. With an entirely assignment-based approach, this qualification is ideal for working professionals who seek to develop their expertise while balancing their career and personal commitments.
Whether you’re aiming for a higher position within your current company or planning to transition into a new role, this Ofqual-regulated diploma will provide the qualifications and skills necessary to achieve your career goals.
OTHM Level 7 Diploma in Accounting and Finance
The OTHM Level 7 Diploma in Accounting and Finance qualification includes 6 mandatory units, totaling 120 credits. The qualification has a Total Qualification Time (TQT) of 1200 hours, with 600 Guided Learning Hours (GLH) required to complete the course.
| Sr# | Unit Title | Credits | GLH |
|---|---|---|---|
| 1 | Investment Analysis | 20 | 100 |
| 2 | Corporate Reporting | 20 | 100 |
| 3 | Global Finance and Strategy | 20 | 100 |
| 4 | Strategic Financial Management | 20 | 100 |
| 5 | Strategic Audit | 20 | 100 |
| 6 | Business Research Methods | 20 | 100 |
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 7 Diploma in Accounting and Finance
Investment Analysis
- Understand different types of securities.
- Understand the regulation of security trading and new issues in world markets.
- Be able to apply principles of investment theory, securities and market analysis.
- Understand the principles of taxation.
- Understand the laws and regulations controlling the financial services industry.
- Be able to plan, manage and assess client portfolios.
Corporate Reporting
- Understand the accounting and finance regulatory framework.
- Understanding accounting concepts, principles and theories.
- Be able to prepare and interpret accounting information.
- Be able to review specific policies, practices and regulations within corporate accounting.
Global Finance and Strategy
- Understand the concept of globalisation.
- Understand the impact of the global business environment on national and multinational business organisations.
- Be able to construct strategies that will result in the enhancement of organisational value.
- Be able to evaluate the financial consequences of strategic decisions.
- Understand appropriate sources of finance.
- Be able to assess techniques to manage global risk.
- Be able to assess potential investment decisions and global strategies.
Strategic Financial Management
- Understand the significance of strategic management and decision making to the performance of a business organisation.
- Understand key financial theories.
- Be able to apply stakeholder analysis and corporate valuation techniques.
- Understand the role of culture in strategic decision making.
- Understand performance measurement systems.
Strategic Audit
- Understand historic and current auditing processes and procedures.
- Understand the importance of legal and professional requirements when completing an audit.
- Understand audit strategy
- Understand the risk involved in the audit process.
- Understand current developments in auditing.
Business Research Methods
- Be able to identify research problems and formulate research objectives.
- Understand how to review the literature on a research topic.
- Be able to design appropriate business research methodologies.
- Be able to develop a research proposal.
The OTHM Level 7 Diploma in Accounting and Finance offers advanced knowledge and practical skills in financial management, preparing you for senior roles in the accounting and finance sector. This Ofqual-regulated qualification is assignment-based, providing flexibility for working professionals while ensuring global recognition and career advancement opportunities.
- Advanced Financial Knowledge
- Gain a deep understanding of advanced financial management, accounting principles, and strategic financial decision-making, essential for leadership roles in accounting and finance.
- Ofqual-Regulated Qualification
- As an Ofqual-regulated qualification, the OTHM Level 7 Diploma in Accounting and Finance meets high academic standards and is recognized by employers and academic institutions worldwide.
- Flexible, Assignment-Based Learning
- The course is entirely assignment-based, allowing learners to focus on practical, real-world applications of the material, without the pressure of exams. This flexible format makes it easier for working professionals to balance study with career commitments.
- Career Advancement Opportunities
- Completing this qualification can enhance your career prospects, equipping you for senior positions such as Finance Manager, CFO, or Financial Analyst, and improving your competitiveness in the job market.
- Pathway to Further Study
- The Level 7 Diploma provides a strong foundation for those wishing to pursue further academic qualifications, such as a Master’s degree in Accounting or Finance, or professional certifications from organizations like ACCA or CIMA.
- Practical Application of Skills
- The course focuses on practical financial management and accounting skills, ensuring that you can apply the knowledge in real-world scenarios to drive business performance and make strategic financial decisions.
- Global Recognition
- The diploma is recognized internationally, ensuring that your qualification is valued by employers around the world, opening up global career opportunities in accounting and finance.
- In-Depth Understanding of Corporate Finance
- Learn the intricacies of corporate finance, management accounting, financial analysis, and reporting, all of which are crucial for decision-making in senior roles.
- Enhanced Analytical and Strategic Thinking
- Develop critical thinking and problem-solving skills, enabling you to analyze financial data and make strategic decisions that benefit your organization.
- Increased Earning Potential
- Holding a Level 7 Diploma in Accounting and Finance can significantly increase your earning potential by preparing you for high-level finance roles that offer competitive salaries and greater job satisfaction.
The ideal learner for the OTHM Level 7 Diploma in Accounting and Finance is a professional looking to enhance their financial expertise and advance to senior roles in the finance sector. The following characteristics describe the ideal learner:
- Mid to Senior-Level Finance Professionals
The course is ideal for individuals currently working in finance-related roles, such as financial analysts, accountants, or financial managers, who wish to deepen their knowledge and progress into higher managerial or strategic positions. - Aspiring Finance Leaders
Individuals aiming for leadership roles like CFO, Finance Director, or Finance Manager, looking to expand their understanding of advanced financial management, corporate finance, and strategic decision-making. - Professionals Seeking Advanced Financial Knowledge
The ideal learner is someone committed to gaining advanced skills in financial reporting, management accounting, and financial analysis to drive business performance and profitability. - Individuals with a Strong Analytical Mindset
Learners who have a passion for analyzing financial data, solving complex financial problems, and making informed decisions that impact business strategy and success. - Those Seeking Professional Development and Career Advancement
The course is perfect for professionals aiming to elevate their careers by acquiring a globally recognized qualification that opens doors to senior-level roles in accounting and finance. - Learners with a Background in Business or Accounting
Those who have prior experience or qualifications in business, accounting, or related fields will find this course beneficial for enhancing their strategic financial and accounting knowledge. - Individuals Aiming for Further Qualifications
Ideal for those looking to pursue higher-level academic qualifications, such as a Master’s degree, or seeking professional certifications from organizations like ACCA, CIMA, or ICAEW. - Professionals Committed to Lifelong Learning
The ideal learner values continuous professional growth and is eager to stay updated with the latest trends, regulations, and practices in accounting and finance.
In essence, the OTHM Level 7 Diploma in Accounting and Finance is designed for professionals who wish to advance their career, strengthen their financial management skills, and make impactful contributions to their organization’s financial success.
Entry Requirements
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Qualification Process
Qualification Process for the OTHM Level 7 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. - Assignmnets & Evidence Submission:
Provide all assignmnets 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 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, OTHM will issue your official certificate, confirming that you have attained the OTHM Level 7 Diploma in Accounting and Finance
