DipFM - ACCA Registration, Courses & Careers in the UK
The DipFM (Diploma in Financial Management) qualification is awarded by the Association of Chartered Certified Accountants (ACCA) for the purpose of providing business career managers with an appreciation and understanding of finance-related business processes.
DipFM Qualification Benefits
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The DipFM qualification is intended to be more than just a basic financial awareness course but an ACCA course that arms business managers with skills that can actually be put into practice in their career. Managers of all types now have to take some kind of control over their departmental expenditure and profit so having a usable financial skill set can only be an advantage for managers and set them apart from their peers.
DipFM Course Structure
The DipFM course is divided into two modules within which is split into four broad areas and further divided into five or six subjects for each area.
Module A
Interpretation of Financial Statements
The objective of this module is to give you an understanding of how financial statements are prepared for presentation to external users such as banks and shareholders.
• The regulatory framework for the production of financial reports
• Accounting concepts and conventions
• The contents of the main financial statements
• Additional documents found in the annual report
• Interpretation and analysis of financial statement
Performance Management
Performance management is intended to provide you with an in depth understanding and control of the factors which affect business performance within an organisation.
• Performance measurement and how it should be linked to overall strategy
• Budgeting
• Decision-making techniques
• Costing and pricing
• Non-financial performance measures
• Factors that may cause adverse performance
Module B
Financial Strategy
Resource allocation and investment within an organisation requires the development of a financial strategy and this paper is intended to give business managers the skills to recognize the key factors in financial planning and strategy.
• Investment appraisal
• Long-term decision making
• Sources of finance
• Capital markets
• Working capital management
• Mergers and acquisitions
Risk Management
This section is designed to give you a sound theoretical and practical knowledge of corporate governance and the management of financial and non-financial risk.
• Financial risk
• The identification, measurement and communication of risk
• Internal controls in risk management
• Corporate governance
DipFM Requirements & ACCA Course Registration
The minimum entry requirement for the DipFM course is a university degree, equivalent qualification such as a Higher National Diploma or a non-accounting professional qualification.
DipFM Exams
Each module is assessed by a three hour exam taken in June and December and a project that is issued and marked by the Association of Chartered Certified Accountants body. The project must be researched, completed and handed back to the ACCA within three months of being issued.
Next Steps
Begin ACCA Registration and Find a Recognised DipFM Training Centre.
