OTHM Level 4 Diploma in Accounting and Business

The objective of the OTHM Level 4 Diploma in Accounting and Business qualification is to provide learners with an understanding of accounting and business in the broader business context, and to provide them with the practical, industry-focused skills to manage business finances, budgets and cash flow effectively, and to play a key role in business growth.

Learners will build the knowledge and skills required for a career in a wide range of businesses, where accounting and business literacy are key skills for managers at all levels.

The Level 4 units combine theoretical and practical knowledge in academic and research skills, the business and economic environment, quantitative methods, financial accounting, management accounting, and leading and managing teams.

Successful completion of this qualification will equip learners with the specialist skills and technical terminology to develop their accounting and business and management skills and to progress to further study or employment.

Module Synopses:

Academic Writing and Research Skills

Engaging in academic research and writing will help students to interpret and evaluate sources of information and evidence before becoming involved in the production of evidence based, logical, arguments. The aim of this unit is, therefore, to support the exploration of key topics which form part of the academic research and writing process so that learners will be able to achieve greater success and recognition in their studies.

Learning Outcome:

The learner will :

Understand the concept and purpose of academic research and writing.
Understand how to conduct academic research.
Be able to demonstrate critical thinking skills
Understand how to construct a reliable and valid academic argument.

2. Business and the Economic Environment

The aim of this unit is to introduce learners to the interaction between the general economic environment and business activity. Learners will gain the underpinning knowledge to recognise the components and construct of the business sector and examine the fundamental factors which influence how a business operates within the context of its internal and external business environment.

Learning Outcome:

The learner will:

Understand different types of businesses.
Understand the influence of the internal and external environment on a business.
Understand how macro-economic factors impact a business.
Understand how micro-economic factors impact on a business.

3. Principles of Financial Accounting

The aim of the unit is to help you to understand and apply the principles of financial accounting in a business setting. Learners will gain insight into financial record keeping systems and learn how to adjust and prepare accounts for different business types. In addition, they will learn how professional characteristics and ethical principles are applied and regulated in an accounting context.

Learning Outcome:

The learner will:

Understand why businesses need to establish financial recordkeeping systems.
Be able to account for year-end adjustments.
Be able to prepare financial reporting statements for different types of Organisations.
Understand how professional characteristics and ethical principles are applied and regulated in an accountancy context.

4. Quantitative Methods in a Business Context

This unit is designed to develop skills in using quantitative methods, including how to present and use business and management data to inform business decisions. By developing quantitative skills at this level, you will be able to apply business concepts in areas such accounting, finance, and human resource management. Quantitative data is often employed to assist with business decisions, for example, calculating sales volume to recover costs, determining the price of a new product, or measuring the performance of the business etc.

Learning Outcome:

The learner will :

Be able to use numerical techniques in a business context.
Be able to construct and use graphs, charts and diagrams for informed decision making.
Understand how business and management data is used to inform business decision making.

5. Management Accounting

The aim of the unit is for learners to develop their skills in management accounting, including preparation of budgets, costing, capital expenditure appraisal, and to apply these skills to a real world case or case study.

Learning Outcome:

The learner will :

Understand the functions of management accounting in business.
Understand the importance of budgeting, working capital management and accounting for depreciation.
Be able to calculate standard costs and budget variances.
Understand how to apply breakeven analysis in different contexts.

6. Leading and Managing Teams

Having hard management and soft leadership skills is often stated by employers as being key to the success of a business but few people have sufficient quantities of both to make a significant impact on business operations and strategy. The aim of this unit, therefore, is to support a learner’s understanding of leadership as a role and management as a function so that they are able to develop the knowledge, skills and traits to make a meaningful contribution to a business’s success.

Learning Outcome:

The learner will :

Understand leadership and management.
Understand how teams are developed.
Understand how to improve individual and team performance
Be able to determine own capacity to be an effective leader and manager.

Entry Requirement

Age

18 years of age an above

Language:

Applicants are required to possess one of the following:

Pass at least English (EL1) at GCE 'O' Levels or equivalent; OR
IELTS 5.0 and above; OR
Bizchamp Internal Placement test with minimum 50% achievement of the test

Academic:

Relevant Level 3 Diploma qualification or equivalent; OR
2 GCE 'A' Levels; OR
Should have completed 10 years of formal education; OR
Relevant Certification (related to the field of studies) from other recognized local/overseas polytechnics or other PEIs

Course Entry Requirement (Mature Candidates)

Age:

30 years old and above

Language:

Applicants are required to possess one of the following:

Pass at least English (EL1) at GCE 'O' Levels or equivalent; OR
IELTS 5.0 and above; OR
Bizchamp Internal Placement test with minimum 50% achievement of the test

Academic:

N.A.

Work experience:

Mature learners (more than 8 years) with management experience

Scope of Study

Principles, theories, cases studies, research work

Mode of Learning

Part-time basis

Delivery Mode

Hybrid

Course Duration:

6 months

Class Period:

2 sessions per week x 2 hours per session

Contact hours: 120 hours

Type of Assessments:

Assignment: 100%

Course Fee:

S$5,880.00

Qualification Awarded:

OTHM, UK

Graduation Requirements:

Achieved a ‘Passed’ for all units

Teacher to Student Ratio:

1:43

Course Commencement Date

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OTHM Level 4 Diploma in Accounting and Business