Financial risk management in municipalities, as one of the key pillars of urban resilience, plays a pivotal role in dealing with economic, environmental, and social crises. This article, with an academic approach, examines the principles, tools, and challenges of financial risk management in municipalities and emphasizes the need to integrate the urban resilience approach. Urban resilience means the ability of cities to absorb, adapt, and rebuild quickly against financial and non-financial shocks. Using a descriptive-analytical method and a literature review, modern models of sustainable financing and the role of accounting in reducing risks are analyzed. The findings show that tools such as insurance, public-private partnerships, and green accounting can strengthen the financial resilience of municipalities. It is suggested that municipalities focus on forward-looking planning and increasing financial transparency. This research is useful for urban policymakers and financial managers.