Accounting & Finance
This specialist diploma is designed to provide you with an understanding of the role of accounting and financial management within business and today’s society to an intermediate level.
| Award Name | Diploma of Higher Education at UK Level 5 |
|---|---|
| NFQ Classification | |
| Awarding Body | Open University |
| NFQ Level |
| Award Name | NFQ Classification | Awarding Body | NFQ Level |
|---|---|---|---|
| Diploma of Higher Education at UK Level 5 | Open University |
Duration
How long it takes
Part time – 4 years
Full time – 2 years
Time limit – 12 years
Study method: Distance learning.
How much time do I need?
• Most of our students study part time, completing 60 credits a year.
• This will usually mean studying for 16–18 hours a week.
Entry Requirements
There are no formal entry requirements for this qualification. However, a basic understanding of mathematical operations, such as addition, subtraction, multiplication, and division would be helpful.
Careers / Further progression
Career relevance
The skills and knowledge you’ll develop by studying this diploma will equip you to follow a number of career paths, and are recognised by employers as having great value for work in accounting, finance and business management areas. A qualification in accounting and finance can lead to opportunities in a wide range of areas such as auditing, taxation, management and financial reporting. Some careers may require further study, training and/or work experience beyond your degree such as becoming a Chartered Accountant or a Chartered Financial Analyst.
Exploring your options: see 'Course Web Page' link below for further information.
Further information
Register for this course.
Start dates
• October 2024: Registration closes 05/09/2024
• February 2025: Registration closes 09/01/2025
Credit transfer: apply by 08/08/2024
Diploma of Higher Education in Accounting and Finance
This specialist diploma is designed to provide you with an understanding of the role of accounting and financial management within business and today’s society to an intermediate level. You’ll become equipped with the technical skills to practice accountancy along with a broader academic knowledge and cover topics that will instil creative and critical thinking, reasoning, and research skills. These skills and the knowledge you’ll gain from studying this diploma can be applied to a wide range of business activities and prepare you for a variety of exciting careers in accounting, finance or more broadly within business.
This diploma has two stages, each comprising 120 credits.
• You’ll start Stage 1 with an introduction to business and management, learn the fundamentals of accounting and business data analytics and decision making.
• Next, in Stage 2, you'll study financial accounting, management accounting, financial management and law for accounting and finance.
Key features of the course
• Covers the theoretical and practical aspects of financial accounting, management accounting and financial management to an intermediate level
• Develops your ability to evaluate accounting and financial information
• Develops academic skills such as critical thinking and assessing arguments
A nationally recognised qualification in its own right, this diploma of higher education is also equivalent to the first two thirds of the BSc (Honours) Accounting and Finance (R52).
Stage 1 (120 credits)
• An introduction to business and management (B100)
• Fundamentals of accounting (B124)
• Business data analytics and decision making (B126)
Stage 2 (120 credits)
• Intermediate financial accounting (B250)
• Business law (B251)
• Financial management (B252)
• Intermediate management accounting (B253)
Learning outcomes, teaching and assessment
This qualification develops your learning in four main areas:
• Knowledge and understanding.
• Cognitive skills.
• Practical and professional skills.
• Key skills.
The level and depth of your learning gradually increases as you work through the qualification. You’ll be supported throughout by the OU’s unique style of teaching and assessment – which includes a personal tutor to guide and comment on your work; top quality course texts; elearning resources like podcasts, interactive media and online materials; tutorial groups and community forums.
Tel: +353 1 678 5399
Our advisers are available to take your call Monday to Friday from 08:30 to 17:00, excluding public holidays.