Level 7 Diploma in Accounting And Finance
The Level 7 Diploma in Accounting and Finance qualification is designed for learners with relevant experience, and/or qualifications the knowledge and skills they need work in the fields of accounting and finance. For those learners that have prior experience in accounting and finance and who also possess a professional qualification, the pathway through this programme will develop their professional competence.
The qualification enables learners to develop knowledge and understanding of accounting and finance within wider organisational contexts in addition to applying technical and specialist skills to a range of contexts within which they operate.
A learner must fulfil at least one of the following criteria to be allowed entry to the qualification:
- Possession of an honours degree in related subject or UK level 6 diploma or an equivalent overseas qualification
Mature learners (over 21) with management experience (learners must check with the delivery centre regarding this experience prior to registering for the programme)
If you are not from the United Kingdom or a majority English-speaking country, you must provide evidence that you are competent in English language at a minimum of CEFR (the Common European Framework) level B2 from a recognised English test provider or IELTS level 5.5 in each component
The qualification consists of 6 units all of which are mandatory totalling 120 credits in order to achieve the full Diploma qualification. To achieve the Level 7 Diploma in Accounting and Finance, learners must complete all 6 units equalling to 120 credits.
Investment Analysis (20 Credits): The aim of this unit is to allow learners to gain a working knowledge and understanding of investment theories and market equilibrium models. Study of this unit will allow learners to perform bond valuations and evaluate current performance. On completion of this unit, learners should have gained sufficient skills to critically assess the cause and effect of the impact of developments on the world’s capital market. Learners will be able to make effective recommendations for further improvement.
Corporate Social Responsibility and Governance (20 Credits): The aim of this unit is to allow learners to gain an in depth understanding of Corporate Social Responsibility and Corporate Governance. Learners will consider the various ways that businesses and financial institutions need to operate to ensure that society accepts their processes and procedures. Learners will gain an understanding of the importance of acting in such a way that ethical codes and practices are followed and individual dignity is enhanced. Learners will understand the skills required to deal appropriately with governing authorities in the private, public and charitable sectors.
Global Finance and Strategy (20 Credits): On completion of this unit learners will have gained an appreciation and understanding of the types of decisions that need to be taken when entering global markets. Learners will gain an understanding of why independence in solving financial issues within a specific period of time is vital for business success.
Strategic Financial Management (20 Credits): On completion of this unit, learners will have gained knowledge and understanding relating to planning the usage and management of a business organisation’s financial resources. Learners will understand the importance of attaining business objectives and maximizing shareholder return. Learners will gain a working knowledge of business strategy design and the production of comprehensive business plans.
Strategic Audit (20 Credits): On completion of this unit, learners will have gained knowledge and understanding of how managers can position and execute business strategy appropriately. This will involve an in-depth study of the strategic auditing process and related procedures. Learners will be able to understand and apply suitable investigative techniques to both positive and negative environments.
Corporate Reporting (20 Credits): On completion of this unit, learners will be able to prepare and interpret the financial statements for a range of business organizations. The learners will be able to apply relevant accounting concepts and principles. The unit provides an opportunity for learners to enhance their quantitative and qualitative analytical skills, through the interpretation of financial data.
Duration and Delivery
This Qualification is designed to be delivered over one academic year for full-time study but it is also flixible in it's delivery in order to accommodate part-time distance learning.
The qualification is delivered face-to-face, through lectures, tutorials, seminars and online by approved ventres only.
Assessment and Verification
All units within this qualification are internally assessed by the centre and verified by OTHM. The qualifications are criterion referenced, based on the achievement of all the specified learning outcomes.
To achieve a ‘pass’ for a unit, a learner must have successfully passed all the assessment criteria for that unit.
The Assessor should provide an audit trail showing how the judgement of the Learner’s overall achievement has been arrived at.
Achieving the OTHM Level 7 Diploma Finance and Accounting (RQF) enables learners to progress into or within employment and/or continue their further study towards UK Masters top up qualifications. OTHM has progression arrangements with a number of UK universities that acknowledge the ability of learners after studying Level 3-7 qualifications to be considered for advanced entry into corresponding degree year/top up and masters/top-up programmes.