Advanced Certificate in Financial Management (CFM)

Every organization has its core competence which is guarded by its finance team; hence finance person is a goal keeper of an organization. Financial Management is a process to have knowledge of Balance sheets, analyzing cost center and expenses of an organization. This program helps the candidate to understand the role of the Finance Manager about how to minimize cost and maximize profit. It is a program which should be done by candidate who wants to pursue their career in financial services & financial backup of an organization.


Choose one of the following options:


Rs 7, 500/-

(Including study material, exam fees and 2 contact programs)
Prescheduled Personal Contact Programs (PCPs) announced from time to time are held in Matunga

*Applicable for foreign nationals

Rs. 15,000/-

Structure Of The Program


(137)Principles of Management

(139)Financial Accounting

(211)Security Analysis

(13)Financial Management

(138)Business Communication

  • Passed XII exams in any field
  • Is studying in the First/Second/Third year if graduation in any stream ( Arts / Commerce / Science / Pharmacy / Mass Media / Management )
  • Students pursuing Degree or Diploma in Engineering
  • Excellent Opportunity to judge inclination towards management
  • Offered through distance learning
  • Additional qualification acquired without disturbing daily schedule
  • Reading material prepared by Management experts
  • Question-Bank provided at the end of every chapter to aid revision
  • Contact Classes scheduled to facilitate solving of difficulties
  • Provides inputs and procedures for getting admission to BMS/BMM

Study Material:

  • The Institute will dispatch specially designed study material for all the subjects in English language to the students. Experienced practicing managers have taken special care to write them in a simple and lucid language. The Study material gives adequate working knowledge of various subjects to the students in the management field.

Personal Contact Programs:

  • The Institute conducts Prescheduled Personal Contact Programs for students of One Year Diploma Programs.
  • Lectures are held for 6 hours for each subjects on either Saturdays, Sundays or Bank holidays.
  • The time table will be posted on our website. Students can access it by using their student's login on the home page. Alternatively they can also collect the time table from the Institutes Mumbai office or email us. These lectures are optional for the students.

Personal Contact Program Centres

Matunga R. A. Podar College, L. N. Road, Matunga (Central Railway), Mumbai

Borivali Anandibai Damodar Kale Junior College, Saibaba Nagar, Borivali (West), Mumbai.

Dombivali S.I.A. School Building, Kopar Road, Shastri Nagar, Dombivali (West), Dist.-Thane.

Pune Bharatiya Vidya Bhavan, 407/408, Senapati Bapat Road, Near Pyramid Mall, Shivaji Nagar, Pune- 16

Note: Depending upon the student concentration and availability of locations, the Institute reserves the right to add or change exam/PCP centres.


Admissions for Type I & II will be restricted to a selected number of students for each program.

For the Distance Learning/Prescheduled Personal Contact Programs admissions are open throughout the year.

The Free Prospectus for the One Year Diploma Programs are available in the Diploma office at our institution following address:

Prin. L. N. Welingkar Institute of Management Development & Research,
Lakhamsi Napoo Road, Opp.Matunga Gymkhana, Matunga(C.R.),
Mumbai - 400019

Or students can download also the prospectus from our website with FREE of cost

  • Note: Fees are payable in full at the time of admission
  • Fees once paid shall not be refunded for any reason under any circumstances
  • Attested photo copy of the final year mark sheet / Certificate (Graduation / Diploma)
  • One recent passport size photograph along with the form should be submitted to the Diploma office.
  • Two year full time work experience certificate in case students applying for 1 year diploma or 11 months certificate programs on bases of XII / HSC pass out as a program eligibility

Students can register through our online registration system. The student can pay the fees either by online / cheque or by a DD in the name of 'Welingkar Institute of Management' After the payment of program fees student can collect their Identity Card & study material from the Diploma office personally or Welingkar will dispatch the same by speed post at the students registered address for communication.

Direct Admission

Students can pay online or they can send a DD / at par cheque of program fees in favour of 'Welingkar Institute of Management', payable at Mumbai along with all the relevant documents.


Students need to register online by clicking on the Admissions Online page. Kindly take a print-out of that page. After filling the relevant details send it at the Institutes address along with the below mentioned enclosures. You will need Adobe Acrobat Reader to download the duly filled in form.

Prin. L. N. Welingkar Institute of Management Development & Research,
Lakhamsi Napoo Road, Opp.Matunga Gymkhana, Matunga(C.R.),
Mumbai - 400019
  • All fees are payable by Demand Draft drawn in the name of 'Welingkar Institute of Management' payable at Mumbai.
  • Study material for each semester will be couriered to your home address within 15 days of receipt of fees.
  • Examination Pattern: Semester system
  • Examination Process: online
  • Examination Time: December & May/June every year
  • Duration of Each Exam: 1 hour
  • Examination Centres: Aptech Centers across India (center detail given below)
  • Examination Language: English
  • Documents Required: Students must carry their tuition cum examination fee receipt and I-Card at the time of examination.
Examination Notice

Detailed schedule of the examination and Personal Contact Program lectures will be conveyed to the students well in advance.
The exam time-table will be put up on the website of the institute a month prior to the exam. Students can access the details through their student's login.

Result Declaration Within 30 days from the last date of the examination period.
Rank Students who secure 50% and above marks are declared successful in that subject.
Re-appearing In Examination
  • The student who does not appear for the examination or who gets less than 50 marks in a particular subject, can re-appear for the examination in the next semester by filling the re-examination form along with the fee of Rs. 300/- per subject, a month prior to the examination.
  • If a student is not able to appear or has failed in the examination of a particular program within two years, he should re-register his name by paying Rs. 500/- as re-registration fees along with re-exam fees of Rs. 300/- per subject.
The student will be graded on the basis of aggregate marks obtained as under:-


65% and aboveA+

60% to 64.99%A

55% to 59.99%B+

50% to 54.99%B

Those students who are declared successful in all the papers of a particular diploma program will be awarded Diploma from Welingkar Institute of Management during the convocation.

International Students
  • Students will be able to give exams from their respective countries. Separate links and password etc. are provided for the same.
  • The certificates and mark sheets will be couriered to the students' international address.
Exemptions For Further Diplomas
  • Once the student successfully completes the examination of subjects of a particular Advanced Certificate Course in Management, he is declared as a successful candidate in that Course.
  • The student can then register himself for the second Advanced Certificate Course in Management. He is not required to appear for the examination of those subjects in which he has already secured 50% or more marks in the examination of the first Advanced Certificate Course in Management.
  • He has to appear for the examination of only those subjects which are additional or new subjects in the second Advanced Certificate Course in Management.
  • He has to pay the entire fees of the second Advanced Certificate Course in Management even if he has already cleared some of the subjects of the second Advanced Certificate Course while completing the previous Advanced Certificate Course.
  • Students who have completed the Advanced Certificate Course of our institute can enroll themselves for the Six Months Diploma Course.
  • They can also enroll themselves for the One Year Diploma Course if they already appeared for the final year exam and awaiting the result. Such students will be exempted from the common papers. They will not be required to reappear for those papers which they have already passed in the Advanced Certificate Course.
  • They should appear only in remaining papers. They should pay the full course fee for the Six Months /One year Diploma Course of this Institute.
  • The mark list for such student who has enrolled for the One Year Diploma Course will be issued but the Diploma will only be awarded after he/she produces final year degree mark list/certificate. An undertaking to this effect will be taken from the student.
  • The Annual Convocation of the Institute for awarding Diplomas to the successful candidates would be held every year in the month of March/April only. The same will be intimated to the student in the month of February/March. Students can attend the convocation and receive the Diploma from the hands of the Chief Guest.
  • Those students who are unable to attend the convocation can collect their Diploma a week after the convocation else 15 days after the convocation it will be dispatched to the student's address.
Online Examination Centers
Centers in Mumbai

Best 'B' Building, 2nd floor,
Above Anupam Stationary,
S.V.Road, Andheri (W) - Mumbai.

Tel No : 022-4016954/ 26232289.

Aptech computer Education, 302, 3rd floor, Vertex vikas Building, Above Jumbo Xerox, Andheri(east)station, Andheri(e)

Tel No : 65719001/02 , 65530918.

2, Sai Krupa, S.B. Road,
Opp. Copporation Bank,
NR. Tripti Gas Service,
Beside Sagar Rest.,

Tel No : 95251-2447912 / 31

urukul Building, Ground Floor,
Office No 2, Behind MacDonald's,
Thane (W), Mumbai

Tel No : 022-69581013 / 9867065288

Shop No.24A And 24B,
Shantinath Shopping Centre,
S.V.Road, Near New Era Theatre,
Malad(W), Mumbai - 400064

Tel No : 022-28887788/28823336.

32, 2nd floor, Above Giriraj Restaurant,
OPP. Mulund Railway Station,
Mulund (W), Mumbai - 80

Tel No : 65757005

Mumbai Central
24, Dr. A Nair Road, Near Nair Hospital,
Sunderdas Compound,Agripada,
Mumbai Central, Mumbai - 400 011

Tel No : 2223014717

Aptech Computer Education
Sion (West), Mumbai

Tel No : 022-24015884 / 24014247.

F-1/D-6, Third Floor, Sector 11,
Near Best Bus Depot,Nerul,
Navi Mumbai - 400 706

Tel No : 022- 27705666/ 65106358

Mira Road-E
M/S Frontmen Computers, Shop No.17,
Building No. A/13, Opp.Sector 2,
Near Fish Market, Mira Road E, Thane

Tel No : 022- 32521409/ 9892921608.

Aptech Centres (Outside Mumbai)

Vivekanand College,
Samarth Nagar, Aurangabad

#40, 3rd Floor, Foundation House,
2nd Main, Next To Ashwini Darshini hotel,
(Opp to Indian oil office),
mission road, Bangalore - 560027.

Tel No : 080 41308151/ 9341974617.

Aptech Computer Education
8th Floor, Suraj Plaza II,
Sayajigunj, Baroda.

Tel No : 0265 -2361493 / 6699733 / 731

Aptech House, Tagore Villa,
Chakrata Road, Near Shiv Mandir, Dehradun.

Tel No : 0135 - 2656288/2712988/2655863

Ssi Education,
A-29, Gupta Towers, Community Center,
Paschim Vihar, New Delhi - 110063

Tel No : 011-25267814/25277935

10- F.F, Shiv Complex,
Plot No 595,Ward 12 C,
Near City Police Station,
Gandhidham Kutch Gujrat - 370201

Tel No : 02836-325847
9427443458 / 9376924194

202, Apollo Trade Centre,
2-B, Rajgarh Kothi,
Near Geeta Bhavan Square,
Indore, Madhya Pradesh.

Tel No : 0731 - 3294824/ 249705/

Chhatrapati Shahu Inst. Of Business Education & Res.,
Vidyanagari, University Road,
Kolhapur 416 004

Dharampet Arts & Commerce College,
North Ambazari Road,
Dharampet, Nagpur - 440 010

Arena Mutimedia,
2nd Floor, Shree Gajanan Complex,
College Road, Nashik - 422005


Pune Kr
System Consultant, 1st Flr,
Butte-patil Complex, Paud Phata,
Near Dashbhuja Temple, Kothrud, Pune.


Pune Fc Road
Flat No.12, 3rdFloor Kamala Regency,
Opposite To Petrol Pump, Dyaneshwar Paduka Chauk,
F.C.-Road, Deendayal Hospital, Pune - 5.

Tel No : 020 - 25662500 / 25661547 / 65277215

Pune Camp
Aptech Computer Education
0663, Taboot Street, Camp,
Next To Hussani Bkry
Pune- 411001

TEL.NO.- 020-65208768

Overseas students will be able to give exams from their respective countries. Separate links and password etc. are provided for the same.

Contact Us

Contact Us
PGDM - HB & Diploma in Banking
For Admission Enquiry:+91-022-40514051
For Students Support Service:
'We Care' (Online Support Service) from Student Login Section
For Diploma Programs