The Diploma in Financial Management (DipFM) superseds the Certified Diploma in Accounting and Finance as the internationally recognized management qualification in Financial Management. The DipFM first introduced by the Association of Chartered Certified Accountants (ACCA) in early 2002 is designed not for accountants, but to provide managers with the financial skills they need to make the right decisions.
The Diploma is assessed by two examinations and two projects. The examinations are held by the ACCA at sittings in June and December. The projects may be undertaken at any time, although for any given project there is a time limit of approximately 9 months between distribution to students (February & August respectively) and submission for marking (10 December & 10 June respectively). Upon successful completion of the examinations and projects, a student is eligible to become a diploma holder and entitled to use the designatory letters DipFM.
The course offered presents a unique opportunity to both continuing and retiring service personnel to achieve an internationally recognized qualification in as little as nine months, although it is more usual for it to be completed over a rather longer period. The course is also open to those people who wish simply to attend as preparation for their second career and who do not wish to sit the examinations.
This is an intensive course of study and it is essential that delegates intending to follow it should already have a basic understanding of private sector financial accounts. More specifically prior to joining the course delegates should understand the meaning of standard accounting terms and have a basic understanding of private sector profit and loss accounts and balance sheets; this should include the ability to prepare simple accounts from basic data such as details of sales, purchases, opening and closing stocks, expenses, assets, liabilities and shareholder’s funds. |
