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The Diploma uses a combination of exams and project-based assignments, set and marked by ACCA. You have to pass two three-hour exams covering all areas of the syllabus and two projects, which you can complete in your own time. This combination of exams 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.

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:

1 Interpretation of financial statements
This paper will help you to understand and interpret the financial statements produced by organisations for external users. You will develop an understanding of the regulatory framework in which these statements are prepared and of the principles and methods which underlie their preparation.

2 Performance management
To develop a good understanding of the knowledge required and techniques available to enable managers to measure and manage business performance within their organisation. Both financial and non-financial measures of performance are included in this paper.

3 Financial strategy
To develop an understanding of the role of financial strategy in the investment, finance and resource allocation decisions within an organisation.

4 Risk management
To achieve a sound appreciation of the theoretical and practical aspects of corporate governance, and to develop an understanding of the main theories and frameworks associated with the management of both financial and non-financial risk.

Both the exam and the project must be successfully completed in order to achieve an overall pass in the module. On successfully passing both modules, you will receive a certificate and the entitlement to use the letters DipFM after your name.

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