Obtaining the
prestigiOus Certified
Credit prOfessiOnal (CCp)
designation from the Credit institute of Canada
was the best career decision i’ve ever made.
the well respected teams of educators and
excellent assembled training program at the
institute have equipped me with the necessary
foundation to pursue an international career in
Credit risk Management. to date i’ve worked
in 3 continents!
Terence Lao, CCP
Head of Credit Risk Management
Region Asia Pacific, Hong Kong
1
Certified Credit
prOfessiOnal (CCp)
designatiOn
CCP Designation
The Certified Credit Professional (CCP) is the official designation granted to professionals in the Canadian credit management field by the Credit Institute of Canada. The CCP designation is widely acknowledged in today’s global marketplace as a symbol of excellence for over 80 years.
CCP designation holders, who are also jointly the Credit Institute members, maintain an integrated and comprehensive perspective in protecting Canadian businesses in today’s changing global environment by providing the most value to our stakeholders. Designated CCPs are bound by a code of professional ethics and participate in on-going professional development. Through accountability, compliance and protection of assets, members provide an integral service to businesses which profit from our values and expertise.
CCP Education
The CCP Program curriculum provides you with the management skills and confidence to assume a leadership role in your organization. Two of the eight courses in the program are in-depth credit management courses. The remaining six core courses, which are accounting, economics, communications, law, finance and management information systems, are provided through strategic alliances with other educational partners. These courses were carefully selected to help aspiring credit professionals enhance their core competencies for a successful career in Credit Management. A Credit Specialist Certificate marks an important milestone in the pursuit of the CCP designation. It is offered to students who have successfully completed the first five courses in the CCP program (Financial Accounting Fundamentals, Micro- & Macroeconomics, Canadian Credit Law, Credit Management and Corporate Finance Fundamentals). Three years of practical experience in a credit position and CIC membership are required. Professional Development Program is not required for the Credit Specialist Certificate.
Work Experience
Prior to CCP certification, students must obtain five years of practical experience in a credit position. This can be acquired in a variety of credit, collections, receivable and financial management functions.
Professional Development Program
Successful credit professionals recognize that the key to survival lies in ongoing professional development in order to maximize opportunities that may appear on their horizon. Designated CCPs are required to participate in the Credit Institute of Canada’s Professional Development Program in order to maintain their designation.
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CrEDiT
inSTiTuTE
MEMbErShiP
5+ yEarS
CrEDiT Work
ExPEriEnCE
+
+
=
ProfESSional
DEvEloPMEnT
PrograM
CCP
DESignaTion
CCP
EDuCaTion
after five years of hard work and sweat
i now proudly hold the CCP designation
and i can say that it was a most worthwhile
endeavour. My recommendation to
any aspiring credit professional is to
follow the courses offered by the Credit
institute; you will find them fulfilling.”
— Simi Silber, bComm, Dip. Sports admin, CCP Transcontinental Printing
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CCp prOgraM
adMissiOn
infOrMatiOn
admission requirements
Individuals employed in a credit-related position or who aspire to a career in credit are eligible to enroll in the program. Recognizing that many organizations are increasingly seeking CCP graduates or students to hire for credit positions, the Credit Institute allows enrollment in its certification program even before obtaining related employment. Mature students who have not studied for some time are encouraged to prepare for their return to an academic program by completing the Credit Institute of Canada’s Credit basics Program, and/or participating in seminars/courses in basic mathematics (algebra), time management, and study skills.
application Deadlines
fall Session: August 23, 2011
Winter Session: November 22, 2011
Spring Session: February 28, 2012
Summer Session: May 22, 2012
New students entering the CCP program are advised to register early to ensure time for transcript evaluation and software setup and prerequisite computer skill development. Enrollment applications may be received any time prior to application deadlines. Applications received after these dates may be considered at the discretion of the Credit Institute and will be subject to a late processing fee of $50 (plus HST).
online at www.creditedu.org under CCP Courses section. Please print your application prior to submitting and call our education coordinator if you are not contacted by phone within 7 business days.
fax your completed application form to 416-572-2619. Credit card payment (Visa or MasterCard) is required for fax registration.
in person at the Credit Institute national office, Monday to Friday 8:30 am – 4:30 p.m. Payments must be made by cheque, credit card or bank draft.
Mail your application with payment in the form of a cheque or credit card to Credit Institute of Canada, 219 Dufferin St., Suite 216C, Toronto, Ontario, M6K 3J1 Attn.: Education Dept.
register through...
Enhance your core competencies with a CCP designation!
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CCp prOgraM
COurse
suMMaries
Cr1
Credit ManagementThis course provides students with the knowledge required to manage a credit department. Topics covered in this course include credit department policy, credit investigations and information systems relative to mercantile and consumer credit, financial statement analysis, securities, risk evaluations, collections, bankruptcy and insolvency, and credit department organization and reporting.
Cr2
advanced Credit Management
This course covers specific, specialized areas of credit management. Students will become familiar with international credit management, construction credit management, leasing, piercing the corporate veil, U.S. bankruptcy law, credit fraud and introduction to E-commerce.
Prerequisite: Cr1
Cl1
Canadian Credit law
Canadian Credit Law is a unique course specially developed to meet the needs of credit professionals who need to understand how the Canadian legal system impacts their work. The information is presented in straightforward language that does not require a legal background.
fn1
Corporate finance fundamentals
This foundation course focuses on the major decisions made by the financial executive. Content includes analysis of the financial environment and its components; the determinants of interest rates; strategic decisions in capital budgeting; cash flow estimation; the cost of capital; working capital management; and financial planning.
Prerequisite: fa1 & EM1
fa1
financial accounting fundamentals
This introductory course in financial accounting reviews the accounting cycle and preparation of financial statements. Topics include accounting for merchandising activities, internal control and accounting for cash, temporary investments and accounts receivable, inventories and cost of goods sold, capital assets, current and long-term liabilities, partnership accounting and accounting for corporations, as well as the cash flow statement.
EM1
Micro & Macro Economics
This is a principle course in the issues, concepts, and theories of Micro and Macro Economics. It provides practice in applying economic reasoning to decision and forecasting problems in business. Topics include supply, demand, price, elasticity; production costs and decisions; market structures and pricing; money, banking, and interest.
CM1
business Communications
In this course, students develop the writing skills that professionals require to succeed in business communications and academic studies. The course introduces a three-stage writing process (planning, drafting, and revising), integrated with critical reading and the analysis and expression of ideas. Basic grammar, spelling, and usage are reviewed. Written assignments include typical business communications, a critical essay, and a formal report.
Cr3
Managing Credit with information Technology
This is a highly customized course developed after years of research and at the request of credit professionals. The skills and knowledge that students will gain after completion of CR3 will give them a clear understanding of how IT can be used to help them succeed in their role of credit risk and project management specific to their department. This course was developed exclusively for the Credit Institute of Canada by Vince Davis, instructor at the University of Alberta’s School of Business. The course curriculum which includes credit management-focused exercises and assignments were contributed by a focus group of CCP graduates and experienced ACI designated credit professionals.
recommended: Cr1
*
MS1
Managing information Systems
This course introduces computer-based information systems in management and accounting. Topics include hardware & software of computer systems; file and database organization; networks and telecommunications; system development process.
Prerequisite: fa1
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if there is one thing that made me get through the fn1 course, it was really the online
review Session that we were offered. This was instrumental in understanding a few of
the toughest parts of the course. Edward (the teacher we had) was great as he went over
what we students were struggling with and he made us understand it and this was so
beneficial.”
— Maria Matalone, Senior Credit Coordinator The forzani group ltd
“
CCp prOgraM
learning &
teChniCal requireMents
recommended Computer System
Windows 7 or
Windows Vista Service Pack 1 Internet Explorer 9
Microsoft Word, Excel, and PowerPoint 2007 or 2010 Acrobat Reader 10.x
Windows Media Player 11.x
Adobe Flash Player (most up-to-date version) RealPlayer (most up-to-date version)
Textbook material on publishers’ websites may require additional software be installed.
apple (Mac) operating systems are not supported.
Minimum Computer System
Students who already own or have access to an older generation of computer should determine the appropriateness of their system for use during the 2011/12 academic year. Briefly, the minimum system for students includes: Intel Core 2 Duo or equivalent CPU
2 GB Memory
Up to 20 GB free hard drive space DVD/CD-ROM drive
Video card with 128MB onboard memory and DirectX technology
Monitor with 1024 X 768 resolution Sound card and speakers
High-Speed Internet connection Any Windows-compatible printer
The Credit Institute of Canada reserves the right to require students to upgrade their hardware configuration in future years to meet new software requirements.
TEChniCal rEquirEMEnTS
Study Commitment
Successful completion of the CCP Program requires commitment, self-discipline, organization and planning.
Study Method
The entire program is designed for correspondence delivery. The use of Internet/web-based technologies provides students with a wide range of support opportunities, including access to an online course tutor and study group. Students enrolled in the Credit Management courses can participate in an online discussion area and a student network group. The program is administered through four sessions per academic year. It is suggested that students enroll in at least 3 of these sessions.
assignments
Each CCP course incorporates weekly lessons. Online assignments and quizzes evaluate students’ progress and are assessed for up to 30% of the final course grade. For information on specific course and other assignment related details, consult the Student Handbook (available online).
Minimum Passing grades
A three-hour examination is written at the end of each course. The final mark for a course is calculated as a combination of marks obtained on term assignments and the final exam. The minimum passing grade for CR1, CR2, CR3 and CL1 is 65%. For all other courses (CM1, EM1, FA1, FN1, MS1) the passing grade is 55%. Anyone planning to transfer their CCP course credits to CGA must achieve a grade of 65% or higher.
Subsidized online review
Students are provided with additional help in the form of online help sessions in select courses through an interactive online review session with the instructor. These sessions take place towards the end of the semester to assist students in preparing for the final exam.
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CCp prOgraM
fees &
tuitiOn
CCP PrograM fEES
CCP CourSE fEES
basic Tuition fee
The Credit Institute assesses a non-refundable basic fee to cover the costs of education overhead, student services and membership to the Credit Institute of Canada (excluding membership dues as a Credit Specialist). Benefits include four issues of the Credit Institute National Newsletter To your Credit, access to an Employment Referral Service, etc. The 2011/12 Basic Tuition Fee for all returning students is $368. It is paid once every academic year. This fee is payable with the first course enrollment during the 2011/12 academic year and covers all courses taken within this period. It is recommended that students complete as many courses as possible in the academic year in order to receive the best value for the basic tuition fee.
To maintain CIC student membership status, the annual Basic Tuition Fee must be paid in full, regardless of the number of courses a student register for.
new Student Entrance fee
New students are assessed a one-time entrance fee of $190
to cover a portion of the students’ start up costs. The fee contributes to the cost of opening students’ files in the Credit Institute of Canada and Certified General Accountant’s program.
Course fees
The course fees include the costs of textbooks and shipping, lesson materials, and sessional examination fees. Course fees do not include items such as: supplemental or deferred examination fees, stationery, or late assignment submission
Payment of fees/Enrollment
Applications for Enrollment must be accompanied by full payment of all applicable fees. Students may choose to enclose a post-dated cheque for course fees negotiable November 22, 2011 for the Winter Session, February 28, 2012 for the Spring Session and May 22, 2012 for the Summer Session.
refund Policy
If the Credit Institute rejects an enrollment application, a full refund will be given. Course fees are refundable provided notice of withdrawal is received in writing by the dates listed on the next page. A refund will be approved provided the material for the course is returned unmarked and in reusable condition. Opened software is non-refundable.
The Basic Tuition Fee, New Student Entrance Fee, Transfer Credit Fee, and Transfer Credit Evaluation Fee are non-refundable. As no departure from this policy is permitted, students should assess their position carefully before enrolling.
fee Schedule $690.00 $760.00 $0.00 $690.00 $715.00 $702.00 $768.00 $738.00 $768.00 Course Credit Management (CR1)... Advanced Credit Management (CR2)... Managing Credit w/ Information Technology (CR3).... Canadian Credit Law (CL1)... Financial Accounting Fundamentals (FA1)... Micro & Macro Economics (EM1)... Corporate Finance Fundamentals (FN1)... Business Communications (CM1)... Managing Information Systems (MS1)...
fee
The best decision we have made when
we immigrated to Canada was to enroll
in the CCP program of the Credit institute
of Canada. The Program has helped us
to enrich and update our knowledge in
credit and opened working opportunities
in Canada. We encourage all new
immigrants to participate in continuous
professional development with the
Credit institute of Canada and utilize the
CCP to move their careers forward.”
— andres ramirez CCP, Credit Manager husky injection Molding Systems ltd
ana luisa olano CCP, Credit analyst harris Canada Systems inc.
“
fees. CCP course fees are competitive and even lower, in some cases, when compared to other institutions.
For example, the Financial Accounting Fundamentals (FA1) fee through the Institute is $715 versus $828 (textbooks not included) at a local community college.
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CCp prOgraM
COurse sChedule &
iMpOrtant dates
†The CR3 course is scheduled to debut in the 2011-12 academic year. Please check our website for the most up-to-date information. *Dual registration with Credit Institute of Canada and Certified General Accountants Association (CGA)
Note: Courses shown in more than one session are a repeat offering of the same course. This calendar is published several months in advance of the beginning of the academic year to which it applies. The Credit Institute of Canada reserves the right to change or amend its programs, fees structure, and regulations at any time.
fall 2011 • • • • • Winter 2011 • • • • • • • • Spring 2012 • • • • • • • • Summer 2012 • • • • • • • Credit Management (CR1)
Advanced Credit Management (CR2) Managing Credit with Information Technology (CR3)†
Canadian Credit Law (CL1) Business Communications (CM1)* Micro & Macro Economics (EM1)* Financial Accounting Fundamentals (FA1)* Corporate Finance Fundamentals (FN1)* Managing Information Systems (MS1)*
CCP Course Schedule 2011/12 fall 2011 August 23, 2011 September 6, 2011 November 28 – December 2, 2011 August 23, 2011 September 12 2011 Winter 2011 November 22, 2011 December 5, 2011 March 5 – 9, 2012 November 22, 2011 December 12, 2011 Spring 2012 February 28, 2012 March 12, 2012 June 4 – 8, 2012 February 25, 2012 March 19, 2012 Summer 2012 May 22, 2012 June 4, 2012 August 27 – 31, 2012 May 22, 2012 June 11, 2012 Enrollment Deadline Courses Begin Exam Dates
Course Refund Deadline
50% Course Fee Refund Deadline
219 dufferin street, suite 216C, Toronto, ontario M6K 3J1 Toll-free: 1-888-447-3324 Telephone: 416-572-2615 fax: 416-572-2619 e-mail: [email protected] Website: www.creditedu.org Chapters
