Diploma In Financial Management

Background

The ACCA Diploma in Financial Management (DipFM) provides the practical knowledge you need to competently handle accounting and ensure confident participation in financial discussions. The qualification has an established reputation and is aimed at middle and senior managers with financial responsibility, and is built around a unique, one-year programme.

Students can also take advantage of the qualification's postgraduate status to gain advanced standing towards MBAs and other masters’ qualifications.

Entry Requirements

The student must be at least 23 years of age and hold any one of the following basic minimum qualifications:

1. A degree from a recognised University
2. Higher National Diploma (HND)
3. Higher National Certificate (HNC)
4. Non-accounting professional qualification
5. Mature students who are at least 23 years old with adequate work experience.

Course Structure

The course covers a range of key areas, including how to interpret financial statements, plan, manage and measure performance using budgets and other financial techniques, make financial decisions and manage all kinds of financial risk. The Diploma programme has a modular design for convenience of study and to enable you to progress smoothly from basic principles to more strategic issues. Each module covers two subject areas:

Module A

1. Interpretation of Financial Statements
2. Performance Management
3. Financial Strategy
4. Risk Management

Examinations

The Diploma uses a combination of examinations and project-based assignments, set and marked by ACCA. You have to pass two three-hour examinations covering all areas of the syllabus and two projects, which you can complete in your own time. This combination of examinations and projects ensures a detailed knowledge of the subject areas, as well as an ability to practice your financial skills using realistic case studies and examples.

Assessment

Each of the two modules will be assessed via a 3-hour examination and a project. One or both examinations can be taken at one sitting. The examination for each module covers the two subject areas in that module and is assessed via a combination of multiple choice and written questions.

Like the examination, the project is also based on the subject areas covered by the module, but it can be completed in the student's own time and submitted to ACCA for marking, prior to examination sessions in June and December. On successfully passing both modules, you will receive a certificate and the entitlement to use the letters DipFM after your name.

Examinations Registration Dates

1. June Exam 31st December of the previous year.
2. December Exam 15th August of the same year.

(Allow 2 weeks before the deadlines for the Kenyan office)