Learning Outcomes for Qualifi Level 5 Extended Diploma in Accounting and Finance

Accounting in a Business Context
Learners will understand the role of accounting within different types of business organizations. They will explore how accounting supports business planning, performance evaluation, and strategic decision-making. This unit helps learners grasp how financial data influences operational and investment choices across various sectors.

Economics for Business
This unit introduces learners to key economic principles and how they impact business operations. Students will learn to analyze supply and demand, market structures, and government interventions, while gaining insights into how economic trends influence financial decision-making within organizations.

Mathematical Accounting Methods
Learners will develop the mathematical and statistical skills needed for effective financial analysis. They will apply mathematical techniques to budgeting, forecasting, and performance evaluation, enhancing their ability to interpret data and make sound financial judgments.

Financial Accounting
This unit focuses on the preparation and interpretation of financial statements in line with accounting standards. Learners will understand the principles of double-entry bookkeeping, adjustments, and final accounts, equipping them to maintain accurate financial records and assess organizational performance.

Management Accounting
Students will learn how to use management accounting tools to support internal decision-making. This includes understanding cost behavior, budgeting, variance analysis, and performance measurement. The unit prepares learners to provide financial insight for operational planning and control.

Leadership and Management in Accounting
Learners will examine key theories and practices of leadership and management in financial contexts. They will develop skills to lead teams, manage resources, and implement strategies that align accounting functions with broader organizational goals.

Financial Management
This unit introduces principles of financial decision-making, including investment appraisal, capital structure, and working capital management. Learners will gain the ability to evaluate financial options and make informed decisions that support the financial health of a business.

Financial Planning and Control
Students will explore techniques for setting financial goals, creating financial plans, and maintaining control over financial activities. They will learn to prepare and monitor budgets, analyze variances, and take corrective actions to ensure financial stability.

Financial Reporting
Learners will delve into the preparation and analysis of published financial reports. They will gain an understanding of international accounting standards, disclosure requirements, and how financial information is used by stakeholders for decision-making.

Principles and Practices of Taxation
This unit covers the fundamental concepts of taxation and its application to individuals and businesses. Learners will understand the structure of tax systems, how to calculate tax liabilities, and the compliance responsibilities related to tax reporting.

Management of People
Students will examine strategies for managing individuals and teams in the workplace. They will learn about motivation, recruitment, training, performance management, and employment legislation, all within the context of supporting organizational performance.

Ethics and Corporate Responsibility in Business
Learners will explore ethical theories and the importance of corporate social responsibility. They will analyze how ethical decision-making affects business practices, stakeholder trust, and long-term sustainability, with a focus on ethical issues in financial reporting and corporate governance.