ACCA Diploma In Financial Management(DipFM) (Part1of2)

June 16th, 2008 Comments off
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Part 1 of this article is dedicated to a basic understanding of what’s in for those who wish to pursue the ACCA Diploma in Financial Management. Here, we look at what is this diploma all about, the requirements and the benefits of having this diploma.

Part 2 refers to the course syllabus of the ACCA Diploma in Financial Management and the costs of the course.

About ACCA Diploma in Financial Management:

  • The Diploma in Financial Management (DipFM) superseded the Certified Diploma in Accounting and Finance as the internationally recognised management qualification in Financial Management.
  • The DipFM (first introduced by the Association of Chartered Certified Accountants-ACCA in 2002) is not designed for accountants, but to provide managers with the financial skills they need to make the right decisions.
  • The Diploma is assessed by 2 examinations and 2 projects. The examinations are held by ACCA at sittings in June and December.
  • 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.
  • This course presents a unique opportunity to achieve an internationally recognised qualification within 12 months
  • The course is also open to those who simply want to prepare for their second career, but do not wish to sit the examinations.

Requirements:

  • The minimum entry requirement for the Diploma is an ACCA recognised Degree, Higher National Certificate (HNC) / Diploma (HND) and/or membership of a non-accounting professional body.
  • Individuals who do not hold these qualifications may be admitted on the basis of their work experience. In these circumstances, you are normally required to be at least 23 years old and you should be able to demonstrate, with an employer?s reference, that the Diploma will be relevant to your work. If you are self-employed, a reference from an accountant, solicitor/attorney or bank manager will be required.
  • No exemptions are awarded from the Diploma in Financial Management, irrespective of the qualifications held.
  • Although it is not necessary for delegates to have any prior financial or accounting knowledge it is essential that they have good communication and numeracy skills
Benefits of this qualification

  • Develops practical understanding of finance
  • There is no time limit to completing the Diploma.It is possible to complete the course after just one year’s study.
  • Study at own covenience re:full time, part time or evenings
  • Is more cost effective than conventional training course.
  • Provides a springboard to further study.One of the major benefits of studying for the Diploma is that it is recognized by a number of leadng universities as covering up to a third of their MBA programms. This means that on qualifying with the Diploma, this can accelerate entry to many of these programmes.

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