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Introducing Short Modules, Flexible learning options to fit your busy schedule!
The Credit Institute of Canada is pleased to introduce 13 short online modules that will allow you to gain competence and confidence in various aspects of Credit Management. These courses are being offered in response to requests from our members, members who recently changed jobs and/or areas of focus and now need additional background in a key credit area. Others want to prepare for their next promotion and be ready with the skills they will need at the next level of responsibility.
The short modules are also ideal for those who want to achieve work-life balance and can only commit to short term flexible learning activities.
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"When I started training to become a certified economic development professional, I realized I needed further exposure in the area of financial analysis for small business. For me, that had always been a thorny area. My search led me to the Credit Institute of Canada’s short module in Financial Statement Analysis. It was like striking gold! I never expected a 4-week course to be so comprehensive and so understandable! In addition, the convenience of doing it entirely via the internet allowed me to complete the module from as far away as the Republic of Trinidad and Tobago. But best of all is the fact that I get to keep an assortment of courseware that I can use as a refresher anytime I choose." |
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Louis Noel
Attorney-at-Law
Trinidad and Tobago |
"Having recently completed the online short module on Construction Credit Management, I find it provides valuable knowledge specific to construction credit both for the beginner as well as for the seasoned Credit Manager. The tools provided in the course sharpen one’s knowledge about specific securities available in the construction industry to reduce risk in today’s volatile economy. Many of them are standard to the industry but may not be well known to everyone working within construction credit. Learning about these tools and making use of them can greatly improve your company’s position. I would highly recommend the course to anyone working in construction credit or wishing to expand their knowledge in the area." |
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Gary A. Bruynson,
B.A., CCP
Manager Canada Region
SSC Credit Services |
Registration is open all year long. Participants will have four (4) weeks to complete each short module which incorporates mandatory assignments. There is no examination and the final grade will consist of the average marks obtained in the assignments for the respective modules.Participants will submit their completed assignments via email to the designated instructor. The latter will mark the assignments and provide feedback within seven (7) days of submission. An online forum will be available to facilitate interactions between participants and instructors. In addition to earning forty (40) professional development points, a certificate of completion will be awarded to those who successfully complete each module. The minimum passing grade is 65%.
All materials will be available on line and accessible via the Internet 24/7. Materials will include audio lectures, lesson notes, and assignments. Therefore, participants will need to have access to a computer with connection to the Internet.
Note: Reading materials and assignments for the short modules consist of extracts from the most current handbooks and lesson notes (2008 Versions) for the Credit Management (CR1) and Advanced Credit Management courses.
Course Fees: $125.00* per module
* GST or HST is applied to all fees and tuition based on your province/territory of residence: AB NT NU MB PE QC SK YT: 5% | BC: 12% | NB NL ON: 13% | NS: 15%
Upon completion of these 3 modules, you should be able to:
- Describe the use of financial statement analysis in the credit evaluation process.
- Describe the relationship between investigating the 4 C’s of credit and a financial statement analysis.
- Describe the steps in analyzing financial statements according to the method presented.
Upon completion of this module, you should be able to:
- Understand the concept of a security agreement and the various requirements concerning security agreements including their key provisions.
- Identify the general priority rule, which applies to competing security interests in the same property.
- Define the concept of Purchase-Money Security Interests (PMSI) and identify when a PMSI can be used.
Upon completion of this module, you should be able to:
- Describe how the 4 C’s provide a framework for gathering and assessing credit information in order to aid in the riskevaluation process.
- Describe the five steps in the mercantile risk evaluation process.
- Describe the steps in developing a credit scoring system.
Upon completion of this module, you should be able to:
- Describe the roles and responsibilities of each administrative official in the bankruptcy/insolvency process.
- Explain the impact of bankruptcy on the debtor and the various types of creditors.
- List the transactions that warrant special scrutiny and could be subject to reversal.
Upon completion of this module, you should be able to:
- Describe each of the Incoterms, and comment on when each should be used.
- Describe how to reduce the risk associated with international sales.
- Describe in detail, the purpose, process, and benefits of credit insurance.
Upon completion of this module, you should be able to:
- Describe the major types of documentary collections.
- List and describe the different forms and types of documentary letters of credit.
- Identify the deficiencies that often appear when using documentary credits and the ramifications of each.
Upon completion of this module, you should be able to:
- Identify the particular problems that face creditors in the construction industry.
- List the common types of defaults.
- Describe why you might sell to "risky" accounts and what tools can be used to reduce the risk.
Upon completion of this module, you should be able to:
- Explain the need for proper cash management on a construction project and for a construction company in general.
- Outline common methods of improving cash flows.
- Explain the “lien process” and explain why liens are an action of last resort.
Upon completion of this module, you should be able to:
- List and briefly describe the fiduciary responsibilities of a company’s directors.
- Briefly describe the statutory responsibilities and duties of directors.
- List and briefly describe the various “tainted resolutions” that can lead to personal liability of the directors.
Upon completion of this module, you should be able to:
- List the fundamental themes that underlie "Title 11".
- Explain the impact of bankruptcy on the debtor and the various types of creditors.
- List the transactions that warrant special scrutiny, and could be subject to reversal.
Upon completion of this module, you should be able to:
- Discuss the characteristics of the typical fraudster.
- Discuss the characteristics or the “red flags” that may alert you to a potential fraud.
- Discuss the common types of credit frauds: symptoms and the strategies to defend against them.
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