My Account
Home
Courses
Enquire

Level 5 Extended Diploma in Accounting and Finance

BERKELEY SCHOOL OF BUSINESS, ARTS & SCIENCES

The aim of the Level 5 Extended Diploma in Accounting and Finance is to provide learners with an understanding of management accounting and finance and their role in business. Learners will develop practical skills for a career in managing business finances. Successful completion of the qualification provides learners with the opportunity to progress to further study or employment.

Enquire Contact Us
Level 5 Extended Diploma in Accounting and Finance

Overview

Level 5 Extended Diploma in Accounting and Finance

The course focuses on the critical role of accounting and finance in business environments, equipping learners with the ability to analyze financial data, manage budgets, and support organizational performance. It integrates core disciplines such as financial accounting, management accounting, financial reporting, taxation, and financial management, ensuring a well-rounded understanding of both theoretical frameworks and real-world applications.

Throughout the program, learners develop strong analytical, problem-solving, and decision-making skills required for managing business finances effectively. The curriculum is designed to reflect industry practices, enabling students to interpret financial statements, apply cost control techniques, evaluate financial risks, and contribute to strategic planning.

This qualification is equivalent to the second year of a bachelor’s degree, making it a valuable pathway for both academic progression and career advancement. It provides learners with the opportunity to progress to higher-level qualifications or directly enter professional roles in accounting, finance, banking, and corporate sectors.

Offered By

Berkeley School of Business, Arts & Sciences 

Vision & Mission

To develop highly competent accounting and finance professionals equipped with strong analytical skills, ethical values, and strategic thinking, while delivering an industry-relevant program that builds advanced technical knowledge and practical expertise. The course is designed to enhance financial decision-making, promote professional integrity, and prepare learners for successful careers and academic progression through real-world application and critical analysis of financial practices.

 

What is the eligibility?

Applicants must be aged 18 years or above and should demonstrate the ability to successfully complete the program through an initial assessment conducted by the centre. This assessment considers the learner’s academic background, skills, and the availability of appropriate support where required. The qualification is designed to be accessible, without unnecessary barriers to entry. For applicants whose first language is not English, a minimum IELTS score of 6.0 or an equivalent qualification is required to ensure adequate language proficiency. International qualifications are evaluated to confirm suitability for higher education progression. Additionally, applicants are typically required to provide two references, with at least one preferably being academic.

 

Who can do?

Who can do?
anyone who is interested to learn about following concepts can pursue Level 5 Extended Diploma in Accounting and Finance:
Individuals interested in accounting and finance careers, Students progressing toward higher education in finance, Working professionals seeking accounting qualifications, Business owners managing financial operations, Career changers entering the finance industry, Professionals aiming to enhance financial decision-making skills.
individuals with the following designations:
Accounting Assistant, Finance Officer, Accounts Executive, Financial Analyst, Payroll Administrator, Accounts Payable/Receivable Specialist, Junior Accountant.

Course Structure

The Level 5 Extended Diploma in Accounting and Finance contains 12 mandatory units: six at Level 4 and six at Level 5. The qualification carries 240 credits, with 2,400 Total Qualification Time hours and 1,200 Guided Learning Hours.

Module 1: Accounting in a Business Context

Explore the business environment in which accounting professionals operate. Learners examine organizational structures, external business factors, financial reporting requirements, professional ethics and accounting regulations.

Included

Organizational Structures

Included

Financial Reporting Requirements

Included

PESTEL and External Business Factors

Included

Professional Ethics and Accounting Regulation

Module 2: Economics for Business

Develop an understanding of the microeconomic and macroeconomic factors affecting organizations. Learners analyze economic changes and their influence on domestic and international business operations.

Included

Macroeconomic Factors

Included

Microeconomic Factors

Included

Economic Change and Organizational Impact

Included

International Business Environment

Module 3: Mathematical Accounting Methods

Build quantitative skills for representing and interpreting accounting information. Learners use mathematical equations, graphs, diagrams and statistical techniques to support financial analysis and organizational decision-making.

Included

Mathematical Techniques in Accounting

Included

Financial Graphs, Charts and Diagrams

Included

Quantitative and Qualitative Business Data

Included

Statistical Analysis for Financial Decisions

Module 4: Financial Accounting

Develop practical financial-accounting skills involving inventory valuation, year-end adjustments and final accounts. Learners prepare accurate financial statements for sole traders and partnerships.

Included

FIFO, LIFO and Average-Cost Inventory Valuation

Included

Depreciation and Year-End Adjustments

Included

Debts, Accruals and Prepayments

Included

Final Accounts for Sole Traders and Partnerships

Module 5: Management Accounting

Develop management-accounting skills through budgeting, standard costing, variance analysis and investment appraisal. Learners assess financial and non-financial information to support management decisions.

Included

Budget Preparation and Performance Analysis

Included

Standard Costing and Variance Analysis

Included

Capital Investment Appraisal

Included

Marginal, Absorption and Process Costing

Module 6: Leadership and Management in Accounting

Examine leadership and management theories within accounting environments. Learners evaluate leadership styles, motivation, employee engagement, teamwork and conflict-resolution approaches.

Included

Leadership and Management Theories

Included

Leadership Styles in Accounting

Included

Motivation, Rewards and Employee Engagement

Included

Teamwork and Conflict Resolution

Module 7: Financial Management

Study financial theories, working-capital management and global financial risks. Learners evaluate funding strategies and risk-management techniques that support effective business decisions.

Included

Financial Theories and Business Decisions

Included

Balanced Scorecard and Strategic Implementation

Included

Working Capital and Funding Strategies

Included

Global Financial Risk and Mitigation

Module 8: Financial Planning and Control

Examine corporate governance in financial planning and control. Learners analyze financial markets, sources of finance, legal compliance, investment opportunities and international financial strategies.

Included

Corporate Governance in Financial Planning

Included

Legal Compliance and Financial Control

Included

Financial Markets and Sources of Finance

Included

Investment Decisions and Global Strategies

Module 9: Financial Reporting

Develop the skills required to manage organizational assets and prepare standard financial reports. Learners work with asset registers, control accounts, reconciliations, trial balances and incomplete accounting records.

Included

Asset Valuation and Depreciation

Included

Asset Registers and Financial Controls

Included

Control Accounts and Reconciliations

Included

Trial Balances and Financial Statements

Module 10: Principles and Practices of Taxation

Develop an understanding of taxation principles and the obligations of individuals and businesses. Learners examine direct and indirect taxes, personal tax liabilities, corporation tax and VAT requirements.

Included

Direct and Indirect Taxation

Included

Income Tax and National Insurance

Included

Inheritance Tax and Capital Gains Tax

Included

Corporation Tax, VAT and Business Compliance

Module 11: Management of People

Explore people management throughout the human-resources cycle. Learners examine recruitment, employment legislation, performance management, employee rewards, training and professional development.

Included

Recruitment, Selection and Retention

Included

HR Management and Employment Legislation

Included

Performance, Rewards and Recognition

Included

Training and Professional Development

Module 12: Ethics and Corporate Responsibility in Business

Examine the relationship between business ethics, corporate responsibility, governance and financial decision-making. Learners assess complex ethical issues and recommend improvements to organizational practices.

Included

Corporate Responsibility Principles

Included

Ethics and Financial Decision-Making

Included

Ethical Corporate Governance

Included

Corporate Responsibility Improvement Strategies

Learning Methodology

Berkeley offers expertly developed learning materials tailored to meet participants' needs, ensuring comprehensive coverage of the syllabus and optimal exam preparation.

‣ Tailored Material: Guides are designed to cover the entire syllabus, offering full preparation and deep understanding.

‣ In-Depth Content: Unlike superficial outlines, our materials provide fully developed theories and concepts, equipping participants with complete knowledge.

‣ Strategic Study: We help participants prioritize study time by indicating the weight of each topic, allowing efficient focus on crucial areas.

‣ Difficulty Levels: Topics are labeled as "Awareness" or "Proficiency," guiding participants to allocate time based on the required depth of knowledge.

‣ Comprehensive Coverage: Our materials include detailed theory and a glossary of technical terms to clarify complex concepts.

‣ Effective Learning Techniques: Visual aids and memorization techniques ensure long-lasting retention, helping candidates succeed.

Berkeley’s methodologies equip participants with the essential knowledge and tools for both exams and future success.

Lectures
Lectures

Our lecture plan integrates structured learning with interactive teaching methods, promoting engagement and collaboration. This approach ensures a comprehensive understanding of concepts, fostering critical thinking and practical application in real-world scenarios.

Practice Session
Practice Session

Practice sessions offer hands-on experience through guided exercises, enhancing skills and reinforcing knowledge. This practical approach ensures mastery of concepts, promoting.

Mock Examination
Mock Examination

Mock examinations simulate real test conditions, providing valuable practice and assessment. This helps identify strengths and weaknesses, ensuring thorough preparation and boosting confidence for actual exams.

berkeley's performance standards

Evaluates and ensure the quality of the training program and all its deliverables.  This is measured through the following indicators:
‣ Instructors' experience and style in presenting and explaining topics.
‣ Variety and balance of teaching methods (such as discussions, case studies, mock exams and videos) used in the course to ensure retention and to match the learning objectives.
‣ Level of interactivity.
‣ Feedback from program participants
‣ Full compliance with Institute standards and guidelines for preparation and study requirements and methodology.
‣ Progress reports from the training program provider.

Learner stories

Success Stories

“As a strong advocate for education and human development, I commend Berkeley for its exceptional commitment to empowering future leaders. The institution stands as a symbol of excellence, innovation, and opportunity. Students who walk its halls are nurtured with knowledge, values, and vision, qualities that contribute to building a stronger and more prosperous future for our nation.”- H.H. Shaikh Khalifa Al Hamid

Success Stories Link

Alumni Benefits

‣ Exclusive Networking Events: Access invitations to industry-leading events and thought-leadership gatherings featuring renowned speakers.


‣ Monthly Updates: Stay informed with a newsletter highlighting the latest research, events, and activities from the school.


‣ LinkedIn Community Access: Join the Executive Education LinkedIn group for networking and professional development opportunities.


‣ Educational Discounts: Enjoy a 20% discount on open-enrollment programs and access to workshops focused on emerging trends.


‣ Global Alumni Network: Connect with a diverse alumni community through the Berkeley School’s online network and engage in country and interest groups.

Is It Worth the Investment?

This qualification is highly valued because it is regulated by Ofqual, ensuring consistent and rigorous quality standards respected by employers worldwide. Based on current market trends for senior marketing leaders, the potential annual earning power is significant:

United Kingdom: £45,000 – £75,000
United States: $70,000 – $120,000
United Arab Emirates: AED 180,000 – AED 300,000
Canada: CAD 65,000 – CAD 110,000
Saudi Arabia (KSA): SAR 160,000 – SAR 280,000

Career path

Progression Route: After the completion of Level 5 Extended Diploma in Accounting and Finance

After completing the Level 5 Extended Diploma in Accounting and Finance, learners can progress to the final year of a bachelor’s degree (top-up) in accounting, finance, or a related field, or advance to Level 6 qualifications. Professionally, the diploma opens pathways to roles such as accounting assistant, finance officer, or junior financial analyst, while also supporting further progression toward professional accounting certifications and long-term careers in finance, taxation, and auditing.

 

Related courses

Level 7 Diploma in Accounting and Finance

The Level 7 Diploma in Accounting and Finance is an accredited vocational qualification (RQF 603/0723/7) worth 120 credits. It is specifically designed for senior and middle managers and accountants to enhance their ability to run businesses and progress to higher leadership levels within their organizations.
 

Read More
Level 3 Diploma in Accounting and Finance

The Level 3 Diploma in Accounting and Finance is a foundational qualification designed to introduce learners to core financial principles, bookkeeping practices, and basic accounting concepts. This course equips students with essential skills in financial reporting, budgeting, and cost control, providing a strong base for entry-level roles in accounting and finance. Ideal for beginners and aspiring finance professionals, the program combines theoretical knowledge with practical applications, preparing learners for further studies or careers in accounting, finance, and business administration.

Read More
Level 4 Diploma in Accounting and Finance

This diploma builds essential accounting and financial management skills for entry-level professionals. It prepares learners for further study or a career in finance.

Read More
Level 5 Diploma in Accounting and Finance

The diploma provides a practical and theoretical base in finance and business, preparing learners for advanced study or professional roles. It supports a global career in accounting and financial management.

Read More
IAA Level 1 Immigration Law & Firm Registration Training Programme

Comprehensive IAA Level 1 Immigration Law training with full firm registration guidance, expert-led sessions, mock tests, and a 95% success rate. Moreover, this course supports you from preparation through to successful registration.

Read More

FAQ: Level 5 Extended Diploma in Accounting and Finance

Contact Us 

Cart

Cart (0)