Benefits of Accounting and Finance:

Accounting and finance is crucial because it is necessary for the functioning of all organizations. A business that relies on revenue needs the skills of accounting experts. Effective accounting can significantly enhance business performance. With greater scrutiny on the financial activities of businesses, there is high demand for qualified and competent accountants across various industries.

Job Opportunities:

Some job roles include Chartered Accountant, Audit Manager, Chief Account, Fund Accountant, Key Accounts Executive, and Account Assistant Payroll.

Level 4 Diploma in Accounting and Business (Year 1):

 The Level 4 Diploma in Accounting and Business aims to provide students with an understanding of accounting and business in a broader context and the practical skills necessary to manage finances, budgets, and cash flow effectively, contributing to business growth. The course combines theoretical and practical knowledge in areas like academic and research skills, business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams. Completing the course equips students with specialized skills and technical terminology to advance in accounting and business management, leading to further study or employment.

Entry Requirements: The UK Qualifications certifications are available to students above 18 years of age. To enroll, students are expected to have at least one of the following: a Level 3 program in a related field or GCE Advanced level in two subjects or equivalent.

Qualification structure:

To obtain the UK Qualifications Level 4 certification in Accounting and Finance, students must complete 6 mandatory modules totaling 120 credits, 1200 hours of Total Qualification Time (TQT), and 600 hours of guided learning (GLH). The modules cover Principles of Financial Accounting, Business and the Economic Environment, Academic Writing and Research Skills, Management Accounting, Leading and Managing Teams, and Quantitative Methods in a Business Context.

Progressions: Successful completion of the Level 4 Diploma in Accounting and Business offers students academic progression opportunities, including advancement to the Level 5 in Accounting and Business. The diploma has been designed for career progression and professional recognition and is approved and regulated by Ofqual (Office of the Qualifications and Examinations Regulation), allowing students to directly enter Year 2 of a three-year UK Bachelor’s degree program.

 Level 5 Diploma in Accounting & Business (Year 2)

This diploma program focuses on the crucial role of accounting and finance in the success of any business. The aim of the Level 5 Diploma in Accounting & Business is to provide students with the knowledge and skills necessary to become a middle manager in an organization, responsible for areas such as business strategy, financial management, financial reporting, financial planning and control, and human resource management. Additionally, students will learn about starting a business and developing a business plan.

Eligibility: The UK Qualification certifications are available to students over 18 years old. To enroll in the Level 5 Diploma in Accounting & Business, students must have completed a Level 4 program in a related field or a comparable degree.

Qualification Structure: This UK Qualification requires the completion of 6 mandatory modules, totaling 120 credits and 1200 hours of Total Qualification Time (TQT) and 600 hours of guided learning.

Units Covered

• Business Start-up and Entrepreneurship (20 credits)
• Financial Planning and Control (20 credits)
• Financial Reporting (20 credits)
• Human Resource Management (20 credits)
• Integrated Business Strategy (20 credits)
• Performance Management (20 credits)

Progression: After successfully completing this diploma program, students will have the opportunity to progress in their education, including moving on to the next level in Accounting & Business. The Level 5 Diploma in Accounting & Business is approved and regulated by Ofqual, allowing students to directly enter the second year of a three-year UK Bachelor’s degree program.