Diploma in Asset Finance (DipAF)

Level 5 Diploma in Asset Finance (DipAF)

Asset finance is a vital and constantly evolving part of the economy. If you work in asset finance, you need to be confident you're making sound business decisions to keep yourself – and your organisation – competitive.

Studying the DipAF will enable you to demonstrate the high level of expertise and professionalism that you need.

Key information

15 months to complete

Three units in total

DipAF is the starting point for a career in asset finance

Fees

• £2,700 for FLA Members

• £3,300 for Non-FLA Members

Both include the full qualification, materials, and exam entry.

Assessment

• Your first exam is included in the registration fee for each unit

• Take your exam at a test centre, or at home with remote invigilation

• Receive a digital certificate once you've passed

Units

Three units in total

Duration

You'll have 15 months from registration to complete the qualification

Regulation

Registered with Ofqual in the Regulated Qualifications Framework (RQF)

What your studies will cover

Why businesses need asset finance
Essential business management and competitive strategies
The asset leasing sector, legal and regulatory requirements
Sales and account management processes
FLA's Business Finance Code

About the qualification

With study materials that relate to the practical work of asset finance, you'll gain a comprehensive understanding of the whole industry – including economic and social trends, legislation and regulation.

DipAF has been revamped to support your career development in a more flexible and user-focused way.

What’s changed?

On-demand learning and assessment: Assessments can now be taken when you’re ready, rather than following a fixed schedule. Each unit is assessed by one multiple-choice exam.

Flexible exam booking: Choose a date, time, and venue that suits you, including the option for remote invigilation.

Faster progression: Complete the qualification at your own pace with same-day assessment results.

Increased flexibility: Progress through the units with an overall expiry date, allowing you to sit exams at any point within your registration period.

Created in collaboration with The Finance and Leasing Association (FLA) DipAF gives you the skills needed to succeed and become a trusted expert.

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

Hear from a DipAF learner

DipAF is an excellent area of study for those that are new to asset finance and equally to experienced professionals within the industry. Up to date with the latest economic and social trends, legislation and regulation, the learning material was varied including reading, video and audio and was well balanced to encourage students to participate in further reading and discussion. The forums and opportunities to interact with other students also helps provide a broader understanding of the topics than personal experiences alone can provide.

Paula Millward

JCB Finance | DipAF Completer

Hear from a DipAF author

Designed by the industry for the industry, the Diploma in Asset Finance is the must-have qualification for anyone building their career in this sector.

Stephen Haddrill

Director General, Finance & Leasing Association

Unit information

DipAF consists of three units.

Are you eligible for an exemption?

If you have qualifications from us or another awarding body, we may be eligible to apply for recognition of prior learning.

Unit 1

Business management and the provision of asset finance (BMPA)

Background to the asset finance industry
Essential business management knowledge
Key competitive strategies
Options available to provide asset finance

Unit 2

The legal and regulatory requirements of asset finance (LRRA)

Legal impacts on delivering asset finance services
Purpose and powers of the regulators
Background and consequences of key legal acts
FLA's Business Finance code

Unit 3

The sales and account management processes of asset finance (SAPA)

How to analyse the account management process
How to use data to make financial decisions
How financial and numerical data can be manipulated

You can find more details about your Level 5 Diploma in Asset Finance (DipAF) course here:

Download full qualification specification

Studying

What study materials do I get?

Included in your fee, you’ll get the following study materials:

digital study text including interactive and reflective activities
end-of-topic multiple choice quizzes
student handbook
access to online student forum to speak to peers
suggested weekly study planner to stay on track
unit syllabuses
one specimen exam per unit
online access to our student portal, MyLIBF
online access to our virtual library, KnowledgeBank.

Assessments

Each unit is assessed by a 1.5-hour multiple-choice question (MCQ) examination made up of:

ten multiple-choice questions (worth 10 marks)
six case studies with five linked multiple-choice questions (worth 30 marks).

You will need to achieve at least 28/40 (70%) to pass each unit. To complete the DipAF qualification, you must achieve a pass in all three units.

You can book your own exam at a date and time that suits you. Sit your exam at your local test centre, or at home through remote invigilation.

Exam and assessment information