The OTHM Level 7 Diploma in Accounting and Finance is an Ofqual-regulated UK qualification designed for professionals looking to take their careers to the next level in accounting and financial management. Whether you’re seeking to move into senior leadership roles, or deepen your understanding of advanced financial principles, this qualification provides the comprehensive knowledge and practical skills you need. With a focus on strategic financial management, the course equips students with the tools to make informed decisions, drive financial performance, and lead in a global business environment.
The OTHM Level 7 Diploma in Accounting and Finance is tailored for individuals who have a background in accounting or finance and wish to expand their expertise in areas such as strategic financial management, corporate governance, risk management, and financial reporting. It is particularly suitable for mid to senior-level professionals who are looking to develop leadership skills and enhance their understanding of contemporary financial issues.
This qualification provides in-depth knowledge and practical skills that are directly applicable to real-world financial scenarios. The course covers a wide range of topics related to accounting principles, financial strategy, management accounting, and international financial management, making it an excellent choice for professionals aiming to work at the strategic level in finance.
The OTHM Level 7 Diploma in Accounting and Finance offers a comprehensive curriculum that blends theory with practical application. With an emphasis on real-world business scenarios, learners will gain advanced skills in financial decision-making, strategic management, and the use of financial data to influence business performance.
The course is designed for professionals who are already working in the field of finance and wish to formalize their knowledge and skills. Delivered through a flexible, assignment-based format, it allows learners to study at their own pace while balancing work commitments.
Course Study Units
The OTHM Level 7 diplomas on the Regulated Qualifications Framework (RQF) are at the same level as master’s degrees. However, they are shorter (120 credits) and learners will have to proceed to the dissertation stage (60 credits) with university to achieve a full masters programme.
Qualification structure
The OTHM Level 7 Diploma in Accounting and Finance qualification consists of 6 mandatory units for a combined total of 120 credits, 1200 hours Total Qualification Time (TQT) and 600 Guided Learning Hours (GLH) for the completed qualification.
- Investment Analysis (20 credits)
- Corporate Reporting (20 credits)
- Global Finance and Strategy (20 credits)
- Strategic Financial Management (20 credits)
- Strategic Audit (20 credits)
- Business Research Methods (20 credits)
Learning Outcomes
Upon successful completion of the OTHM Level 7 Diploma in Accounting and Finance, learners will have acquired the following skills and knowledge:
- Advanced Financial Management: The ability to develop and implement strategic financial decisions that align with an organization’s goals and objectives.
- Financial Reporting Expertise: Knowledge of how to prepare, analyze, and interpret financial reports, using industry-standard accounting practices and international regulations.
- Ethical Leadership: Understanding of corporate governance and ethical decision-making, and the ability to manage finances in a socially responsible manner.
- Risk and Control Management: Expertise in identifying and mitigating financial risks, ensuring robust financial control mechanisms are in place.
- Strategic Budgeting and Forecasting: Skills in management accounting, including budgeting, forecasting, and cost management techniques.
- International Financial Knowledge: Ability to manage and assess global financial operations, including understanding of international markets and currency risk.
- Research and Analytical Skills: The ability to conduct independent research, analyze financial data, and make informed, strategic recommendations.
Course Benefits
The OTHM Level 7 Diploma in Accounting and Finance offers several key benefits to learners:
- Global Recognition: The qualification is Ofqual-regulated, which means it is recognized internationally and highly regarded by employers in the finance and accounting sectors.
- Flexible, Assignment-Based Learning: The course is 100% assignment-based, allowing learners to study at their own pace and apply their learning in real-world scenarios. This flexible approach means you can continue working while studying.
- Career Advancement: The qualification is designed to help learners progress to senior roles in accounting and finance, such as Financial Manager, Finance Director, or CFO. It is ideal for professionals seeking leadership roles or higher-level management positions.
- Comprehensive Knowledge: The course offers a deep understanding of contemporary financial practices, preparing graduates to tackle complex financial challenges in any business environment.
- Practical Application: The assignment-based structure emphasizes the practical application of financial concepts, enabling learners to develop critical problem-solving and decision-making skills.
- Pathway to Further Study: The qualification provides a foundation for further study in finance, including the option to pursue higher-level qualifications such as a Master’s in Finance or Business Administration (MBA).
Who Can Enroll in This Course?
The OTHM Level 7 Diploma in Accounting and Finance is designed for individuals who:
- Have a Level 6 qualification in accounting, finance, business, or a related field, or have equivalent professional experience in the financial sector.
- Are mid to senior-level professionals in accounting or finance looking to enhance their knowledge and skills and progress into higher management roles.
- Aspiring individuals seeking to formalize their financial expertise and pursue leadership roles in the finance industry.
Future Progression Opportunities
The OTHM Level 7 Diploma in Accounting and Finance offers a wide range of progression opportunities, including:
- Career Advancement: Graduates can move into senior finance roles, such as:
- Finance Manager
- Financial Controller
- Finance Director
- Chief Financial Officer (CFO)
- Financial Analyst
- Investment Manager
- Further Education: Graduates may choose to further their studies in finance or business through programs such as:
- Master’s Degree in Finance, Accounting, or Business Administration (MBA)
- Chartered Accountant or Certified Public Accountant (CPA) Qualifications
- Specialized Roles: The qualification provides the foundation for specialized careers in areas such as:
- Risk Management
- Financial Consultancy
- Internal Audit
- Forensic Accounting
- Global Opportunities: The international recognition of the qualification means that graduates can pursue career opportunities in financial management, accounting, and investment in companies worldwide.
The OTHM Level 7 Diploma in Accounting and Finance is an essential qualification for professionals looking to elevate their careers in financial management. With its comprehensive curriculum, practical application, and flexibility, it provides learners with the knowledge and skills needed to succeed in senior finance roles across industries.
Whether you’re aiming to take on a leadership role within your current organization, transition into a new financial position, or pursue further academic studies, this diploma offers a pathway to a successful and rewarding career in accounting and finance.
