L5 Extended Diploma in Accounting
The ATHE Level 5 Extended Diploma in Accounting
This qualification has been designed to develop the understanding and skills of the regulatory requirements for tax and accountancy and how these frameworks are applied in the workplace. Learners completing this qualification will have a full understanding of what is to be expected from a professional accountant at work, able to produce and interpret a full range of financial information and accounts.
The Level 5 Accounting qualification is available as a 120-credit Extended Diploma and qualification are graded Pass, Merit or Distinction.
The Level 5 Extended Diploma in Accounting is on the Ofqual’s Regulated Qualifications Framework (RQF) and has a Qualification Number (QN). This number will appear on the learner’s final certification documentation.
The QN numbers for the qualification is as follows:
ATHE Level 5 Extended Diploma in Accounting 603/4848/3
By completing the Level 4 Extended Diploma in Accounting, and the Level 5 Extended Diploma in Accounting with at least three years’ experience within the accounting sector, learners will be eligible for Associate Membership of the Institute of Financial Accountants (IFA) by completing just two further modules:
- 301 Assurance
- 302 Advanced Taxation
The IFA is an internationally recognised professional accountancy membership body. It is a full member of the International Federation of Accountants (IFAC) the global accounting standard-setter and regulator. Further details can be obtained from the IFA. www.ifa.org.uk or education@ifa.org.uk
CEO of IFA
“We’re delighted to be working with ATHE and providing a route to membership of the IFA for their learners. “Those who successfully complete and pass the level 4 and 5 accounting qualifications will be eligible to become an IFA Associate member and call themselves a qualified Financial Accountant. Gaining membership of an internationally recognised professional accountancy body which is a member of the International Federation of Accountants will enhance both your personal and professional recognition and career.”
Module Units
Unit 2: Financial Management
Unit 3: Financial and Management Control
Unit 4: Business Taxation
Unit 5: Quantitative Methods
Methods of Assessment
LWC is encouraged to use a range of assessment vehicles that will engage learners and give them an opportunity to both demonstrate their knowledge and understanding of a topic and to evaluate how
they might apply that knowledge in a given context. This should be part of the assessment strategy.
We would recommend avoiding essay writing and that more varied types of assessment are included. This might include assessment through:
• a research activity resulting in the compilation of a report
• an academic paper or article for publication
• the compilation of a case study
• a critical review and evaluation of a chosen company’s policies, procedures and systems
• a set project completed for an employer (also known as an ‘employer-engagement’ activity)
• the production of a portfolio of evidence relating to a particular unit.
