Qualifi Level 5 Extended Diploma in Accounting and Finance

Why choose this programme?

Choosing the QUALIFI Level 5 Extended Diploma in Accounting and Finance at BSMS (British School of Management and Science) offers you the opportunity to gain advanced financial expertise combined with practical, career-focused skills. This extended diploma not only strengthens your understanding of management accounting and financial strategy but also broadens your professional competencies, making you highly adaptable in today’s dynamic business environment. With clear progression routes to higher-level qualifications and direct access to diverse career opportunities, this programme is an excellent choice for learners who want to stand out in the competitive fields of accounting, finance, and business management.

Key Facts

Qualification Title	Qualifi Level 5 Extended Diploma in Accounting and Finance
Qualification Type	Vocational Related Qualification (Higher Education)
Level	5
Accreditation Status	Accredited
Credit Equivalency	240
Qualification Number (RQF)	610/3329/7
Availability	UK and international

Entry Requirements

Approved centres are responsible for assessing applicants and determining their ability to successfully complete the programme. As part of this process, centres will consider the level of support available to meet individual learner needs where appropriate. This qualification is designed to be accessible without unnecessary barriers. Applicants must:

• Be 18 years or older.
• Demonstrate the ability to undertake the demands of the programme, normally through prior learning at Level 4 or equivalent, or through relevant professional experience.
• For applicants whose first language is not English, an IELTS score of 6.0 (or equivalent) is required. International qualifications will be reviewed to ensure suitability for progression into UK higher education where applicable.
• Applicants are also normally required to provide two references, with at least one being academic where possible.

Progression Route

Upon successful completion of this qualification, learners can progress to:

• A QUALIFI Level 6 Diploma in a related subject area.
• The final year of a Higher Education degree programme in a relevant discipline (subject to acceptance by the awarding institution).
• Employment opportunities in accounting, finance, or associated professional roles.

Programme Modules

The modules in this programme are carefully designed to provide a balanced mix of theoretical knowledge and practical application. They cover key areas of accounting, finance, economics, management, and ethics, ensuring that learners not only develop strong technical skills but also gain a broader understanding of the business environment. Together, these modules equip students with the competencies needed to analyse financial information, make informed business decisions, and apply ethical and responsible practices in a professional context.

1. Accounting in a Business Context
2. Economics for Business Mathematical
3. Accounting Methods
4. Financial Accounting
5. Management Accounting
6. Leadership and Management in Accounting
7. Financial Management
8. Financial Planning and Control
9. Financial Reporting
10. Principles and Practices of Taxation
11. Management of People
12. Ethics and Corporate Responsibility in Business

Learning Outcomes

Learners will develop a broad understanding of the economic factors influencing business, the impact of the business environment on financial accounting, and the mathematical and technical skills required to prepare financial accounts. They will gain knowledge of management accounting techniques, financial theories, and working capital management, as well as the ability to manage global financial risk. The programme also covers corporate governance, financial planning and control, investment appraisal, asset management, and financial reporting. In addition, learners will explore taxation principles for individuals and businesses, strengthen people management skills across the HR cycle, and understand the importance of leadership, ethics, and corporate social responsibility in accounting and finance.

Assessment

The assessment strategy for the QUALIFI Level 5 Extended Diploma in Accounting and Finance at BSMS (British School of Management and Science) is designed to evaluate both advanced theoretical knowledge and the practical application of financial and management concepts.

Learners are assessed through a combination of written assignments, case studies, projects, and practical tasks. Each unit requires evidence of achievement against defined learning outcomes, allowing students to demonstrate their ability to apply accounting and finance principles in real-world contexts.

All assessments are internally marked and externally verified to ensure fairness, quality, and consistency. There are no formal written examinations; instead, the focus is on coursework and applied learning, giving learners the opportunity to develop and showcase their analytical and problem-solving skills.