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An image to illustrate the 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.

You'll be learning from experts at a top triple-accredited business school:
Association of MBAs (AMBA) logo
European Quality Improvement System (EQUIS)
Association to Advance Collegiate Schools of Business (AACSB) logo
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).
This accounting and finance diploma has two stages, each comprising 120 credits.
You’ll learn essential and fundamental knowledge relating to understanding accounting, business management, and data analytics and decision making. These modules will lay the foundations of your studies and will prepare you for Stage 2.

ModulesCreditsStart month
You'll start your diploma with:
An introduction to business and management (B100)60Oct | Feb
Fundamentals of accounting (B124)30Oct
Business data analytics and decision making (B126)30Apr

This stage develops the knowledge and skills you gained at Stage 1 and delves deeper into the theoretical and practical elements of financial and management accounting and finance/financial management. You’ll also be introduced to the main legal principles within the context of accounting and finance.
All Stage 2 modules in this qualification include an online-invigilated exam. ProctorU, a service based outside the UK, will remotely invigilate your exam. To study these modules, you must agree to additional Terms of Service. Find out more about online invigilation.

ModulesCreditsStart month
You'll study the following:
Intermediate financial accounting (BXI250)30Oct
Business law (BXI251)30Oct
Financial management (B252)30Apr
Intermediate management accounting (B253)30Apr

By studying this diploma, you’ll:
You’ll be supported throughout by personal tutors, learning materials, online resources, and regular feedback.
You’ll be awarded a Diploma of Higher Education in Accounting and Finance upon successful completion.
You'll also have the opportunity to attend a degree ceremony.
If you plan to work or study outside the UK, we recommend checking whether this qualification meets local requirements. Find out more about the international recognition of Open University qualifications.
As a student of The Open University, you should be aware of the content of the qualification-specific regulations below and the academic regulations that are available on our Student Policies and Regulations website.
We regularly review our curriculum to keep it up to date. This means the structure, availability, and content of the course or modules may change. We’ll update this page as soon as possible if there are any changes. If you have already registered for this qualification, we’ll inform you in good time of any upcoming changes where practicable. For more details, see our Academic Regulations or contact us.
You can achieve this diploma in as little as two years and have a maximum of 12 years to complete it. Our module-by-module approach gives you the flexibility to complete your qualification at a pace that works best for you.
You can complete this diploma in two years by studying at a pace equivalent to full-time. That’s similar to a student at a campus-based university.
You can complete this diploma in four years by studying part-time. That’s roughly half the rate of a student on a full-time course at a campus-based university.
At the OU, flexibility and support go hand in hand. You’ll be in control of when and where you study, with clear deadlines to guide your progress. Whether you’re balancing work, family or other commitments, our approach helps you fit learning into your life. Students consistently praise the support we provide, and from the very start, you’ll be part of a vibrant OU learning community.
As you progress through your qualification, you’ll have access to a dedicated online study space, expert tutor guidance, optional live tutorials, and a wide range of resources to help you succeed. The sections below outline what you can expect.
Your module website will be a central hub for your learning, giving you easy access to:
Discover how the OU’s module websites, course materials, and support tools help you study online with confidence.
Each module has a dedicated tutor who will guide you through your studies. They’ll provide feedback, help you find resources, mark your assignments and support your learning journey.
For extra support, you can attend optional live tutorials with your tutor. These are usually conducted online, and most are recorded so you can review them later.
See how OU tutors and tutorials help you build confidence, connect with others, and get the support you need to succeed in your studies.
Our assessments reinforce what you’ve learned and show your understanding. Assessment types vary by module and may include:
Throughout your studies, you’ll have access to a wide range of support services and be part of a vibrant learning community. Our subject-specific Student Support Teams can help with general queries and any updates to your OU account. You’ll also benefit from:
Discover the support network and learning tools you'll have access to throughout your studies.
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.
All modules at Stage 2 in this qualification include an online-invigilated exam. ProctorU, a service based outside the UK, will remotely invigilate your exam. To study these modules, you must agree to additional Terms of Service. Find out more about online invigilation.
If you’ve studied at university level before, you may be able to transfer the academic credit you've been awarded towards an OU qualification. This could save you time and money by reducing the modules you need to study.
It’s not just university study that can be considered; you can also transfer study from a wide range of professional or vocational qualifications, such as HNCs and HNDs.
You should apply to transfer credit before registering, at least four weeks before the registration closing date. We will need to know what you studied, where, and when, and you will need to provide evidence of your previous study.
For more details and to download an application form, visit our Credit Transfer website.

4 years
£4,088*
A diploma is worth 240 credits. The fee per year is based on studying 60 credits per year for 4 years.
£16,352*
Our qualifications cost less than equivalent-level qualifications offered at campus-based universities.
Compare the cost of studying at the OU with other campus-based universities in England.
Honours Degree
Honours Degree
Total cost at campus university*
Total cost at campus university*
£29,370
£29,370
Total cost at The Open University**
Total cost at The Open University**
£24,528
£24,528
Saving with The Open University
Saving with The Open University
£4,842
£4,842
Diploma of Higher Education
Diploma of Higher Education
Total cost at campus university*
Total cost at campus university*
£19,580
£19,580
Total cost at The Open University**
Total cost at The Open University**
£16,352
£16,352
Saving with The Open University
Saving with The Open University
£3,228
£3,228
Certificate of Higher Education
Certificate of Higher Education
Total cost at campus university*
Total cost at campus university*
£9,790
£9,790
Total cost at The Open University**
Total cost at The Open University**
£8,176
£8,176
Saving with The Open University
Saving with The Open University
£1,614
£1,614
Qualification
Qualification
Total cost at campus university*
Total cost at campus university*
Total cost at The Open University**
Total cost at The Open University**
Saving with The Open University
Saving with The Open University
Honours Degree
Honours Degree
£29,370
£29,370
£24,528
£24,528
£4,842
£4,842
Diploma of Higher Education
Diploma of Higher Education
£19,580
£19,580
£16,352
£16,352
£3,228
£3,228
Certificate of Higher Education
Certificate of Higher Education
£9,790
£9,790
£8,176
£8,176
£1,614
£1,614
*Based on maximum chargeable fees for the 26/27 academic year.
**The fee information provided here is valid for modules starting before 31 July 2027. Fees typically increase annually. In England, fees are subject to the part-time fee limit, as set out in section 5 of the University's Fee Rules.
Your course fees cover your tuition, assessment and study materials, but there are still a few additional costs that can come with studying. For this qualification, you'll need:
*The fee information provided here is valid for modules starting before 31 July 2027. Fees typically increase annually. In England, fees are subject to a fee limit, as set out in the University's Fee Rules.

Over 85% of our students in England fund their studies with a Tuition Fee Loan, meaning they pay nothing upfront.
Repay in monthly instalments while you study.
Pay for each module with a debit or credit card in one quick, simple payment.
More than 1 in 10 OU students are sponsored by their employer.
Combine your payment options to fund your studies the way you want.
If you’re a serving member of the British Armed Forces (or you’ve recently left), you may be eligible to use ELCs to cover up to 100% of your course fees.
You may be eligible for:
The ability to analyse, report and manage financial information is a much sought-after skill in organisations. By completing this diploma, you'll be equipped with transferable skills and knowledge that can be applied in many areas of an organisation. Here are some of the skills which this diploma will help you acquire.
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.
The Open University Business School is one of the few institutions worldwide that is triple-accredited by the:
Association of MBAs (AMBA)
Association of MBAs (AMBA) logo
European Quality Improvement System (EQUIS)
European Quality Improvement System (EQUIS)
Association to Advance Collegiate Schools of Business (AACSB)
Association to Advance Collegiate Schools of Business (AACSB) logo
These are internationally recognised quality standards that independently validate the quality of the school's teaching, research, and operations. The School undergoes regular reviews to ensure that standards are maintained and has successfully retained its triple-accredited status since 2004. This qualification is accredited through inclusion in these reviews.
Once you register with us (and for up to three years after you finish your studies), you'll have full access to our careers service for a wide range of information and advice. This includes online forums, website, interview simulation, vacancy service, as well as the option to email or speak to a careers adviser. Some areas of the careers service website are available for you to see now, including help with looking for and applying for jobs. You can also read more general information about how OU study enhances your career.
In the meantime, if you want to do some research around this qualification and where it might take you, we've put together a list of relevant job titles as a starting point. Some careers may require further study, training and/or work experience.
Credit transfer: apply by 13/08/2026
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Our prospectus will help you explore your course options, get a feel for life as an OU student, and register for study.
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Credit transfer: apply by 13/08/2026
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