Credit Institute of Canada - Providing Education for Credit and Financial Professionals since 1928. L'Institut Canadien du Crédit - Fournir une education pour les professionnels en gestion de credit depuis 1928.
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CCP Courses

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CCP Program > Course Description

Course Overview

Certified Credit Professional 

The Certified Credit Professional, CCP (formerly FCI Fellow Credit Institute) professional curriculum is designed to provide students with the management skills and confidence to assume a leadership role in their chosen profession. The Credit Management (CR1), Advanced Credit Management (CR2), Managing Credit with Information Technology (CR3) and Canadian Credit Law (CL1) courses are developed for the Credit Institute by leading subject matter experts and academics with a focus on mercantile credit risk management. The remaining four courses, which are financial accounting, corporate finance, economics, and business communications, are provided through strategic alliances with other educational partners.

Certified Credit Professional (CCP) Program

The CCP program is structured to ensure graduates are knowledgeable in all areas of credit management. Graduates are qualified to manage a credit department, whether the requirement is consumer, construction, mercantile or international credit.

The Credit Institute of Canada's educational agreement with CGA integrates 4 courses and exams from the foundation levels of the CGA program into the CCP Program. These courses include accounting, economics, communications, and finance. In total, the national credit management certificate program consists of 8 courses, 4 of which are general financial management, and 4 are in-depth credit management as well as credit law, leading to the professional designation – CCP.


The CCP program is designed for independent study and enhanced by online learning and optional lectures, which are available in many locations. The CCP Program must be completed within a seven-year period, however it can be completed as quickly as two to three years. Prior to graduation, students must obtain five years of practical experience in a credit position. Designated CCPs are bound by a code of professional ethics and participate in a professional development program.



CCP Program Courses

Click on the course codes below to see descriptions

                            

CR1 - Credit Management


As part of the CCP program: $699
Stand-Alone: $790

This course will provide 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


As part of the CCP program: $770
Stand-Alone: $845

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

CR3 - Managing Credit with Information Technology


As part of the CCP program: $770
Stand-Alone: $845
Self-study: $499 – includes textbook and online access, but no assignments and exam

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. Through the use of MS Excel, MS Access, MS Project and MS PowerPoint, students will learn some basic to intermediate skills about general MIS principles, project management, database modeling and construction, and data analysis.

The course consists of 10 modules, 4 assignments (40%), 2 online discussions (10%), and a final exam (50%). This is a level-3 course and students are expected to devote about 15 hours of study per week.

Pre-requisite courses: CR1 & FA1 – knowledge of Microsoft Office Suite is a definite asset
Required: Students must have access to MS Excel 2007, MS Access 2007, MS PowerPoint 2007.
These applications are available in digital format for purchase through the Institute at discounted prices.
MS Office Suite 2007 - $125.00 + HST

CL1 - Canadian Credit Law

As part of the CCP program: $699
Stand-Alone: $790

Canadian Credit Law is a unique course 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.

This course was developed exclusively for the Credit Institute of Canada by Laurence M. Olivo. M.A., J.D., a professor in the School of Legal and Public Administration at Seneca College and the author of over a dozen law texts and several internet courses on legal subjects. The course marker, Patricia Sullivan, graduated from the University of Ottawa with a law degree and was called to the Bar in 1984. She worked in a law firm and since 1988, has been teaching at Centennial College in Toronto, where she is currently the Coordinator of the Law Clerk and Court Support Services Programs. She has also reviewed the Business Law exams for the CGA association.

FA1 - Financial Accounting Fundamentals


As part of the CCP program: $720

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.

CM1 - Business Communications


As part of the CCP program: $738

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.

EM1 - Micro & Macro Economics


As part of the CCP program: $708

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, industry, and government. Students gain an understanding of how the Canadian economy functions and interacts with the global economy. Topics include supply, demand, price, elasticity; production costs and decisions; market structures and pricing; national economic issues, performance, and policy; money, banking, and interest; and the global environment of trade and finance.

FN1 - Corporate Finance Fundamentals


As part of the CCP program: $768

This foundation course in managerial finance 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. Computer spreadsheets are used to demonstrate concepts and provide practice in basic financial analysis.

Prerequisite: FA1 & EM1



Program Information

Admission 
Individuals employed in a credit-related position or aspiring to a career in credit are eligible to enrol 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.

Benefits of A Professional Designation 
The CCP designation provides assurance to the business community that you have the level of professional training to successfully manage a credit department and to function as part of the management team. Designated members of the Credit Institute earn the respect of their peers and senior management throughout their careers by maintaining knowledge and skills through a Professional Development Program and by adhering to the Code of Ethics.

Credit Specialist - CRSP
A Credit Specialist (CRSP) certificate is presented to students upon successful completion of the first five courses in the CCP program: Financial Accounting Fundamentals (FA1), Micro & Macro Economics (EM1), Canadian Credit Law (CL1), Credit Management (CR1) and Corporate Finance Fundamentals (FN1). Three years of practical experience in a credit position and CIC membership are required.

Study Method 
The entire program is designed for independent study. The use of web-based technologies provides students with a wide range of support opportunities, including access to an on-line 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. Successful completion of the CCP Program requires commitment, self-discipline, organization and planning.

We also have an agreement with the Centennial College in Toronto for an in-class program. For more information, contact us at the National Office.

Assignments 
Each CCP course incorporates weekly lessons. Online assignments and quizzes evaluate students' progress and are assessed for up to 50% 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) the passing grade is 55%. Students must have an average of 60% in all 8 courses in order to graduate. Anyone planning to transfer their CCP course credits to CGA or other institutions must achieve a grade of 65% and higher.

Course Exemptions
Exemptions for CR1, CR2 and CR3 will not be considered. Only CM1, EM1, FA1 and FN1 courses may be exempted. Exemptions may be granted for courses taken at recognized universities and colleges, providing the course content and standards are deemed to be equivalent. A fee of $150.00 + GST/HST will be assessed for each exemption granted and is payable with submission of the Enrollment Application.

Students requesting course exemptions must complete and forward the Application for Advanced Standing, accompanied with original transcripts of marks, to the national office of the Institute. Students who have completed related courses outside of Canada should also provide a course syllabus if available. A non-refundable evaluation fee of $60.00 + GST/HST must accompany the request for exemptions.

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 2013/14 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.


 

 

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