Financial Management (Associate Level)

Objective:  The Financial Management certificate is intended to help improve your financial management skills and enhance the contribution you can make to the success of your firm.  It focuses on three areas; profitability, working capital and using information to improve your financial understanding.

Contents of the Course:

  • Tutorial 1  Financial Management – what are we aiming for?
  • Tutorial 2  Understanding Profitability
  • Tutorial 3  Profitability KPIs
  • Tutorial 4  Analysing Profitability within the Firm
  • Tutorial 5  Forecasting - Budgets
  • Tutorial 6  Understanding the Cost Base of Your Firm and the Minimum Fees Needed
  • Tutorial 7  Working Capital
  • Tutorial 8  Working Capital KPIs
  • Tutorial 9  Managing Working Capital and Forecasting the Bank Position with a Cash Flow Projection
  • Tutorial 10  Management Accounts and Partner Reports
  • Tutorial 11  LLPs an Introduction

Each tutorial contains self test questions and an assignment to be submitted for marking

We also highly recommend these ILFM Trainings, to help your in your course : Financial Management for Law Firms


All Inclusive Coursework and Examination Fee:  £495

You are given 18 months to complete the coursework and enter for the exam (each course can be completed sooner).  Please check if you are entitled to any exemptions by holding other relevant qualifications. 


  • Full access to online course material (for 18 months)
  • Dedicated ILFM tutor, inc one-to-one support
  • Access to students forum
  • Employer updates (if required)
  • Individual Study Plan
  • Full access to student resources online

Exam Preparation

  • Dedicated ILFM tutor (one-to-one support)
  • Sample examination Paper/Questions
  • Exam preparation session (format may vary)
  • Exam preparation material
  • Employer updates (if required)


  • One Examination Entry Fee included (students wishing to take the exam locally will be required to pay any additional costs incurred)
  • You are expected to sit the exam either within the 18 months given or shortly thereafter