diff --git a/CRM/Financial/BAO/FinancialType.php b/CRM/Financial/BAO/FinancialType.php
index 901e7888ee45..788b38eb6f0f 100644
--- a/CRM/Financial/BAO/FinancialType.php
+++ b/CRM/Financial/BAO/FinancialType.php
@@ -455,9 +455,12 @@ public static function checkPermissionToEditFinancialType($financialTypeID) {
   public static function isACLFinancialTypeStatus() {
     if (!isset(\Civi::$statics[__CLASS__]['is_acl_enabled'])) {
       \Civi::$statics[__CLASS__]['is_acl_enabled'] = FALSE;
-      $contributeSettings = Civi::settings()->get('contribution_invoice_settings');
-      if (CRM_Utils_Array::value('acl_financial_type', $contributeSettings)) {
-        \Civi::$statics[__CLASS__]['is_acl_enabled'] = TRUE;
+      $realSetting = \Civi::$statics[__CLASS__]['is_acl_enabled'] = Civi::settings()->get('acl_financial_type');
+      if (!$realSetting) {
+        $contributeSettings = Civi::settings()->get('contribution_invoice_settings');
+        if (CRM_Utils_Array::value('acl_financial_type', $contributeSettings)) {
+          \Civi::$statics[__CLASS__]['is_acl_enabled'] = TRUE;
+        }
       }
     }
     return \Civi::$statics[__CLASS__]['is_acl_enabled'];
diff --git a/tests/phpunit/CRMTraits/Financial/FinancialACLTrait.php b/tests/phpunit/CRMTraits/Financial/FinancialACLTrait.php
index 93ce6ffad48d..da38c5ffc6f0 100644
--- a/tests/phpunit/CRMTraits/Financial/FinancialACLTrait.php
+++ b/tests/phpunit/CRMTraits/Financial/FinancialACLTrait.php
@@ -38,7 +38,8 @@ trait CRMTraits_Financial_FinancialACLTrait {
   protected function enableFinancialACLs() {
     $contributeSettings = Civi::settings()->get('contribution_invoice_settings');
     $this->callAPISuccess('Setting', 'create', [
-      'contribution_invoice_settings' => array_merge($contributeSettings, ['acl_financial_type' => TRUE])
+      'contribution_invoice_settings' => array_merge($contributeSettings, ['acl_financial_type' => TRUE]),
+      'acl_financial_type' => TRUE,
     ]);
     unset(\Civi::$statics['CRM_Financial_BAO_FinancialType']);
   }
@@ -49,7 +50,8 @@ protected function enableFinancialACLs() {
   protected function disableFinancialACLs() {
     $contributeSettings = Civi::settings()->get('contribution_invoice_settings');
     $this->callAPISuccess('Setting', 'create', [
-      'contribution_invoice_settings' => array_merge($contributeSettings, ['acl_financial_type' => FALSE])
+      'contribution_invoice_settings' => array_merge($contributeSettings, ['acl_financial_type' => FALSE]),
+      'acl_financial_type' => FALSE,
     ]);
     unset(\Civi::$statics['CRM_Financial_BAO_FinancialType']);
   }