Qualifi Level 5

Diploma in Accounting and Finance

Advance Accounting Careers with a Globally Recognised Qualifi Level 5 Diploma in Accounting and Finance

Ofqual Regulated Qualification

Assignment Based Assessment

Flexible Online Learning

UK & International Recognition

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Course Introduction

The Qualifi Level 5 Diploma in Accounting and Finance is a UK-regulated vocational qualification designed to develop advanced knowledge and practical understanding of accounting, finance, and their application within business organisations. It is particularly relevant to learners seeking to strengthen their financial management expertise and progress to further study or professional roles in accounting and finance.

The qualification is awarded by Qualifi, an Ofqual-recognised Awarding Organisation (reference number RN5160). The diploma is accredited to the Regulated Qualifications Framework (RQF) and carries Qualification Accreditation Number (QAN) 610/0797/3. This regulatory framework provides a clear reference point for the qualification’s level and academic demand within the regulated English qualifications system.

The Qualifi Level 5 Diploma in Accounting and Finance focuses on key areas including financial management, financial planning and control, financial reporting, taxation, management of people, and ethics and corporate social responsibility. Learners also develop an understanding of working capital, financial risk, corporate governance, investment appraisal, business asset management, and the preparation of financial information.

For UK and international learners, the qualification provides a structured Level 5 pathway for developing accounting and finance knowledge while supporting progression towards further academic study or employment-related development.

Qualification Overview

Qualification Level
Level 5

Study Units
6 Units

Qualification Time
1200 TQT

Awarding Body
Qualifi

Qualification Structure

The Qualifi Level 5 Diploma in Accounting and Finance is a UK-regulated qualification accredited on the Regulated Qualifications Framework (RQF). The qualification carries 120 credits, with a Total Qualification Time (TQT) of 1,200 hours and 480 Guided Learning Hours (GLH), providing a structured Level 5 programme in accounting and finance.

Assessment for the Qualifi Level 5 Diploma in Accounting and Finance is assignment-based. Learners demonstrate their knowledge and understanding through written assignments designed to assess their ability to apply accounting and financial principles to relevant business contexts. This approach supports the development of analytical, evaluative, and practical skills rather than relying solely on examination-based assessment.

To achieve the qualification, learners must successfully complete all six mandatory units.

Core Study Units

Learning outcomes:

  • Understand key theories of finance and their influence on business decisions.
  • Understand the nature, components and role of working capital.
  • Analyse how organisations assess working capital requirements and funding strategies.
  • Analyse financial risks within global markets.
  • Evaluate the suitability and effectiveness of techniques used to mitigate global financial risk.

Learning outcomes:

  • Understand the role of corporate governance in financial planning and control.
  • Analyse the implications of compliance and non-compliance with relevant legal frameworks.
  • Understand how the economic environment influences business.
  • Understand the role of financial and money markets.
  • Analyse different sources of business finance, including their benefits, limitations and risks.
  • Assess potential investment decisions and business strategies.
  • Evaluate how the global financial environment influences organisational decision-making.

Learning outcomes:

  • Analyse the range and value of assets held by an organisation.
  • Calculate depreciation and understand the importance of maintaining accurate asset records.
  • Understand the purpose and value of control accounts.
  • Prepare reconciliation statements, including trade payable and trade receivable schedules.
  • Use a trial balance to prepare financial statements.
  • Prepare financial statements from incomplete accounting records.

Learning outcomes:

  • Understand the principles of taxation and distinguish between direct and indirect taxation.
  • Evaluate the implications of taxation for organisational stakeholders.
  • Analyse requirements relating to income tax and National Insurance.
  • Understand inheritance tax planning and payments.
  • Analyse how individuals determine their Capital Gains Tax liability.
  • Understand personal taxation obligations and the implications of non-compliance.
  • Understand how assessable profits and gains are identified for incorporated and unincorporated businesses.
  • Analyse corporation tax and different VAT schemes.
  • Evaluate the implications of failing to meet business taxation obligations.

Learning outcomes:

  • Understand recruitment and selection processes.
  • Evaluate the importance of recruiting and retaining a skilled workforce.
  • Understand the role and value of people management within organisations.
  • Evaluate the responsibilities of the HR function.
  • Assess the influence of legislation on people management.
  • Evaluate performance management and staff appraisal systems.
  • Understand disciplinary and grievance procedures.
  • Understand the relationship between motivation and reward.
  • Evaluate financial and non-financial reward schemes.
  • Evaluate approaches to staff training and development.
  • Assess the importance of Continuing Professional Development (CPD) and performance development planning.

Learning outcomes:

  • Understand the principles of Corporate Social Responsibility.
  • Analyse the relationship between business ethics, CSR and financial decision-making.
  • Understand the importance of ethical corporate governance.
  • Identify and analyse ethical issues associated with corporate activities.
  • Evaluate strategies for addressing corporate governance and ethical issues.
  • Analyse complex CSR and corporate governance issues within an organisation.
  • Understand how CSR and corporate governance can contribute to organisational benefits.
  • Make recommendations for improving CSR and corporate governance practices.

Who Is This Qualification For?

The Qualifi Level 5 Diploma in Accounting and Finance is designed for learners who want to develop advanced knowledge of accounting, financial management, taxation, financial reporting, and business finance. It is particularly suitable for individuals who already have a foundation in business or accounting and want to progress to a higher level of study or strengthen their professional knowledge.

This qualification may be suitable for:

  • Accounting and finance professionals seeking to develop their technical and analytical knowledge.
  • Learners with a Level 4 qualification in accounting, finance, business, or a related subject who want to progress to Level 5 study.
  • Bookkeepers, accounts assistants, finance administrators, and other professionals looking to broaden their understanding of financial practices.
  • Business owners and managers who need stronger knowledge of financial planning, reporting, taxation, and financial decision-making.
  • International learners seeking a UK-regulated Level 5 accounting and finance qualification.
  • Learners planning to progress to further higher-level study in accounting, finance, business, or related disciplines.

The programme is also relevant to learners who want to understand how accounting information supports organisational planning, financial control, investment decisions, governance, and responsible business practices. Its combination of accounting, finance, taxation, people management, and corporate responsibility makes it suitable for learners seeking a broader understanding of finance within a business environment.

Qualifi Level 5 Diploma in Accounting and Financ

Entry Requirements

  • Minimum Age: 18 years or above.
  • Educational Background: Level 4 qualification or equivalent.
  • Work Experience: Relevant experience may be considered.
  • Prior Knowledge: Basic accounting and finance knowledge preferred.

Career Opportunities

The Qualifi Level 5 Diploma in Accounting and Finance develops practical and advanced knowledge of accounting, financial management, financial reporting, taxation, and financial planning. It is designed for learners seeking to strengthen their finance expertise and progress towards further study or accounting and finance-related roles across UK and international business environments.

Accounts Assistant

Supports financial record keeping, reconciliations, invoicing, ledger maintenance, and preparation of accounting information for organisational reporting and control.

Assistant Management Accountant

Supports budgeting, financial analysis, management reporting, cost monitoring, and preparation of financial information for internal business decision-making.

Finance Officer

Manages routine financial transactions, reconciliations, reporting, budgeting support, and financial administration within commercial or public sector organisations.

Accounts Payable Officer

Processes supplier invoices, maintains payable records, performs reconciliations, and supports accurate and timely payments within organisational finance functions.

Accounts Receivable Officer

Manages customer accounts, monitors outstanding balances, processes receipts, performs reconciliations, and supports effective credit control and cash flow.

Payroll Administrator

Supports payroll processing, employee payment records, statutory deductions, reconciliations, and accurate payroll administration in accordance with organisational procedures.

Tax Assistant

Supports tax calculations, records, returns, compliance activities, and documentation while developing practical understanding of personal and business taxation requirements.

Financial Analyst Assistant

Supports financial analysis, forecasting, budgeting, investment evaluation, and interpretation of financial information to assist organisational planning and decision-making.

Future Progression

The Qualifi Level 5 Diploma in Accounting and Finance provides a structured pathway for learners seeking further academic development or progression within accounting and finance-related fields. The qualification supports progression to higher-level study, including relevant Level 6 or Level 7 qualifications and degree or postgraduate programmes, subject to the entry requirements of the receiving institution.

Professionally, the diploma can support progression into accounting and finance roles involving financial reporting, management accounting, taxation, financial planning, and financial control. Potential roles include Assistant Management Accountant, Finance Officer, Accounts Assistant, Tax Assistant, Financial Analyst Assistant, and Credit Controller. It also provides a foundation for continuing professional development and pursuing relevant professional accounting qualifications, where appropriate.

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+44 2035 764371

+44 7441 396751

info@inspirecollege.co.uk

www.inspirecollege.co.uk

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frequently asked questions

Frequently Asked Questions

The qualification develops advanced accounting, finance, and business management knowledge to support academic progression and career development.

Yes. Learners gain the ability to analyse financial information, assess performance, and support organisational decisions.

The programme develops analytical thinking, financial evaluation skills, and evidence-based decision-making techniques.

It strengthens technical knowledge, analytical capability, leadership skills, and professional confidence.

The curriculum reflects contemporary accounting practices, financial management techniques, and business challenges

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