St. Louis
Institute of Credit
2007 Course Schedule
Credit
Administration Program (
and
Advanced
Credit Administration Program (
St. Louis Institute of Credit
Credit Education Introduction
Believing it is
very important to stay abreast of professional developments and acquire updated
knowledge and skills, the St. Louis Institute of Credit (SLIC), is committed to
developing its members in the field of business credit management. As the
educational arm of NACM Gateway Region, SLIC offers education programs through
its two divisions (Seminars and Conferences Division and Awards and
Certification Division) ranging from entry level to advanced, including
seminars, workshops, conferences, round tables, as well as professional certification through the National Association of Credit
Management (NACM).
Seminars and Conferences Division
The Division offers programs on a regular basis at various
locations. These programs are designed
to address important current issues such as:
• Bankruptcy
• Deduction Management
• Collections • Cash Flow Analysis
• International
Credit • Open Forum Mini Round Tables
The Annual Gateway Conference & Expo is held every year in the fall,
in addition to the National Credit Congress sponsored by NACM, and provides
excellent education and networking opportunities.
NACM Audio Teleconference
Series - These 60-minute calls are scheduled from 3:00 - 4:00pm eastern time.
Registration fee is $59.95 per telephone line (participants are required to pay
their own long distance charges). Once registered and confirmed, NACM National
will forward the dial-in number call instructions and materials via e-mail. Please
remember to check your SPAM filters if you do not receive the information about
a day before your call. There are 3
convenient ways to register; you may register for several teleconferences at
once.
- Charge by fax: 410/740-5574. Our fax line is open 24 hours a day. Include credit card info.
- Visit www.nacm.org for more details.
- By mail. Send check with completed registration form to NACM, 8840 Columbia 100 Parkway, Columbia, MD 21045-2158.
Awards and Accreditation Division
Professional credentials are becoming more valuable every
day. The certification program, sponsored by the National Institute of Credit
(NIC), has helped define and advance professional standards in this demanding and
rapidly changing field. Programs are
available to prepare credit and financial professionals for assuming greater
responsibility and in working toward NIC Professional Certification.
636-680-9201
636-680-9219
Academic
Policies and Regulations
Attendance
The student’s attention is especially directed to the
following regulations regarding attendance:
1. Attendance at all class sessions is expected.
2. To provide for illness and inevitable, legitimate business engagements that conflict with class attendance, no more than two absences are allowed. The allowance is designed for emergency situations.
3. With approval of the instructor, students may be allowed to make up incomplete work caused by absences.
4. A certificate of completion cannot be awarded to a student with excessive absenteeism.
Cancellations
SLIC requires
a minimum of 5 students or the class will be cancelled. After the first class convenes,
no refundable cancellations by students will be accepted.
Conduct
SLIC requires reasonable conformity to reasonable
requirements. SLIC’s administration and faculty
expect students to conduct themselves at all times and in all places in a
manner that reflects favorably upon them and SLIC. Any student found to be conducting themselves
in an undesirable manner shall be asked to immediately withdraw from the
Institute.
Grades
The following grading system is used by SLIC in evaluating
a student’s work:
A Excellent D Minimal Passing
B Good F Failing
C Average Inc. Incomplete
A student receiving an Incomplete
may obtain a satisfactory grade by completing the regular work or such
assignments as the instructor deems necessary to meet the standards set for the
course. This must be completed within one month from the conclusion of the
course.
A letter of completion will be mailed to students when
final grades are received from the instructor.
Grades will not be released over the phone.
An average of C or better must be maintained to continue at
the St. Louis Institute of Credit and to allow for course work to apply to the
NIC Professional Certification Program.
Tests
All courses require, at minimum, a mid-term and a final examination, either written or oral. To allow for emergencies, makeup test dates will be announced during the first class meeting of each semester and are allowed at the instructor’s discretion. Any student missing the mid-term or final exam must take it on the designated makeup date.
Tuition and Fees
Tuition
and all fees are due at the time of registration. A registrant employed by a
member company paying the tuition may be invoiced or have the amount deducted
from their credit services contract. Anyone enrolling individually cannot be
invoiced for tuition or other charges.
Textbooks will be available
to each student one-week prior to the beginning class date.
Unpaid Account
Grades
and attendance records at SLIC will not be released unless accounts have been
paid in full. Students who have
delinquent accounts are not entitled to a copy of their transcript. Prior charges must be paid or current
enrollment will not be accepted.
Withdrawal
Before
instruction begins, a student may cancel registration at no penalty by
notifying SLIC in writing. There is no pro rated refund after the first class
session.
Credit Administration Program (CAP) &
Advanced Credit Administration Program (ACAP)
The Credit
Administration Program (CAP) and the Advanced Credit Administration Program
(ACAP) were developed by the Education Department of the National Association
of Credit Management. CAP and ACAP are
college-level course programs designed to enhance a credit and financial
professional’s knowledge and understanding of the field of business credit. CAP
prepares credit professionals for application to NACM’s Credit Business
Associate (CBA) professional certification.
ACAP prepares them for application to NACM’s Credit Business Fellow
(CBF) professional certification.
CAP
Courses
Basic Financial Accounting (CAP 1)
Topics covered:
• Introduction to
Accounting and Business
• Analyzing
Transactions
• The Matching
Concept and the Adjusting Process
• Completing the
Accounting Cycle
• Accounting
Systems and Internal Control
• Accounting for
Merchandising Businesses
• Cash
• Receivables
• Inventories
• Fixed Assets and
Intangible Assets
• Current
Liabilities
• Corporations: Income
and Taxes, Stockholders’ Equity, and Investment in Stocks
• Statement of Cash Flows
Recommended Text: Accounting, Warren, Reeve and Fess, 21st Edition, Southwestern.
Student’s Package: Textbook and Working
Papers Plus: $150.00
Financial Statement Analysis I (CAP 2)
Topics covered:
• Financial
Statements: An Overview
• The Balance
Sheet
• The Income
Statement and Statement of Stockholders’ Equity
• Statement of
Cash Flows
• The Analysis of
Financial Statements
Recommended Text: Understanding Financial Statements, Lyn
Fraser,
7th Edition, Textbook: $75.00.
Business Credit Principles (CAP 3)
Topics covered:
• Credit in the
Business World
• Credit in the
Company
• Credit in the
Department
• The Legal
Environment of Credit
• Credit Policy and
Procedures
• Credit Terms
• Negotiable
Instruments
• The Legal Forms
of Business
• The Uniform
Commercial Code
• Credit
Investigations
• Nonfinancial Analysis
• International
Trade
• Financing and
Insurance
• Business Credit
Fraud
• Credit
Availability Decisions
• Customer
Visits
• The Credit and Sales Partnership
• Out-Of-Court
Settlements
• Bankruptcy
Code Procedures
Recommended Text: Principles of Business Credit, Field Version 5, 2005 Edition, NACM
Publisher
Textbook: $75.00
ACAP Courses
Business Law (ACAP 1)
Prerequisite to Credit Law
Topics covered:
• The Legal and International
Environment
• Courts and Procedures
• Torts
• Business Torts and Intellectual
Property
• Criminal Law
• Cyber law in the Legal Environment
• Ethics and Social Responsibility
• Nature and Classification
• Agreement and Consideration
• Capacity and Legality
• Assent and Form
• Third Party Rights and Discharge
• Breach and Remedies
• The Formation of Sales and Lease
Contracts
• Title and Risk of Loss
• Performance
and Breach of Sales and Lease Contracts
• Warranties
and Product Liability
Recommended Text: Business Law Today, 6th Edition, Miller and Jentz Textbook and
Study Guide: $175.00
Credit Law
(ACAP 2)
Topics covered:
• Negotiability and Transferability
• Rights and Liabilities of Parties
• Checks and the Banking System
• Secured Transactions
• Creditors’ Rights and Bankruptcy
• Sole Proprietorships and Partnerships
• Partners and Joint Ventures
• Corporate Formation and Financing
• Corporate Directors, Officers, and
Termination
• Limited Liability Companies and
Partnerships
• Special
Business Forms and Private Franchises
• Antitrust Law
• Consumer
and Environment Law
Recommended Text: Manual of Credit & Commercial Laws,
NACM, $75.00 & Business Law Today,
6th Edition, Miller and Jentz Textbook and Study Guide: $175.00
Financial Statements: Interpretation and Credit Risk Assessment (ACAP 5)
Topics covered:
• Introduction
to Financial Reporting
• Introduction to Financial Statements
and other Financial Reporting Topics
• Balance Sheet
• Income Statement
• Basics of Analysis
• Liquidity
of Short-Term Assets; Related Debt Paying Ability
• Long-Term Debt Paying Ability
• Profitability
• Statement of Cash Flows
Recommended Text: Financial Reporting & Analysis: Using
Financial Accounting Information, 9th Edition,
Charles Gibson, Textbook & Study
Guide: $175.00
Course
Schedule
Professional Certification
Register with NACM’s National
Education Department by completing an official registration form. The fee, college transcripts (sent directly
to NACM from the college or university) and copies of all certificates (CEUs
and otherwise) or evidence of completing educational seminars and courses,
should accompany the registration form to NACM National. Complete the
appropriate professional certification application form and submit it with the
appropriate non-refundable fee (see below):
2008
Member Non-Member
Registration
Form $160 $260
CBA
Professional Certification Fee $210 $310
CBF
Professional Certification Fee $265 $400
CCE Professional Certification Fee $365 $500
Credit Business Associate (CBA) Certification
1. Complete
each prescribed course with a grade of C or better, following one of the two
plans.
Plan A - provide transcript (college) and/or course
certificate of completion (self-study, on-line Basic Financial Accounting only)
or NACM National Programs showing the satisfactory completion of the following
courses:
·
Basic Financial
Accounting
·
Financial
Statement Analysis I
·
Business Credit
Principles
Plan B - provide transcript and/or course certificates of
completion of the following courses, which complete the Credit Administration
Program (CAP):
·
Basic Financial
Accounting
·
Financial
Statement Analysis I
·
Business Credit
Principles
2. Pass the CBA
Examination
Credit Business Fellow (CBF) Certification
1.
Hold CBA Certification.
2.
Accumulate 75 Career Roadmap points.
3. Complete
each prescribed course (college, self-study, NACM National Programs and/or
ACAP) with a grade of C or better. Provide
transcript (college) and/or course certificate of completion (self-study, NACM
National Programs) showing satisfactory completion of the following courses:
·
Business Law
·
Credit Law
·
Financial
Statements: Interpretation and Credit Risk Assessment
4.
Pass the CBF examination.
Certified Credit Executive (CCE) Certification
Plan A Submit
an updated NACM Career Roadmap showing 125 points earned.
Have
ten years full-time experience in the field of business credit or financial
management.
4 year
College Degree
Plan B Hold
CBA and CBF Certification
Submit
an updated NACM Career Roadmap showing 125 points earned.
Pass the CCE examination.
CCE Recertification
Candidates are certified for three years and must
recertify every three years thereafter until they reach age 60.
All forms are available
at www.nacm.org/education/certification/forms.shtml
Registration Form
Student Information
Company Name: __________________________________________Member
#:_________________
Student
Name:______________________________________________________________________
Address:
___________________________________City: ______________________Zip: _________
Phone: ___________________Fax:
______________________ Social Security #: ________________
Email: _____________________________________________
Course Registration: (2008 Tuition = $425.00 per class)
Session: __________ __________ __________
Course #: __________ __________ __________
Tuition: $_________ $ ________ $_________
Text: $_________ $_________ $_________
TOTAL: $_________ $_________ $_________
For questions or Institute
guidelines contact:
NACM
Gateway Region
Attn: Lauren Wagner
Phone:
636-680-9201 Fax: 636-680-9219
Method of Payment
□ Charge my Credit Services Contract □ Bill my company □ Check Enclosed
□ Visa □ MasterCard □ Discover □ American
Express Card#_____________________________
Expiration
Date:____________________________
Name on Card: _______________________________________
Check by fax ___________
One Registration Form per Person. Duplicate as Needed.
NACM GATEWAY REGION reserves the right to
SUBSTITUTE Instructors, CHANGE CLASS DATES/LOCATIONS. WRITTEN CONFIRMATION WILL BE SENT
Individually IF THIS Occurs. NACM
Gateway Region ALSO RESERVES THE RIGHT TO LIMIT the class sizes and has the right
to cancel a class with low enrollment.
Professional
certification
program
test dates
Exam Date Application
Deadline
|
Monday, March 3,
2008 |
January 21, 2008 |
|
Sunday, May 18, 2008 (Credit Congress) |
April 17, 2008 |
|
Monday, July 28,
2008 |
June 9, 2008 |
|
Monday, November 3,
2008 |
September 22, 2008 |
Study guides and Practice Exams available online!
Visit www.nacm.org
Now that you have been given all
of this information…
you may still ask, “Why
certify?”
·
Expanded
Knowledge: By preparing for the
exams, you'll gain a thorough, up-to-date understanding of credit management
essential to your success.
·
Heightened
Professional Recognition: NACM's
professional designations attest to experience, knowledge, accomplishment and
contributions to the credit and financial fields. Designations raise the level
of respect among colleagues in business credit and between professionals in the
financial community.
·
Career
Opportunities: Certification
tells employers that you are motivated, accomplished and current in your
knowledge of credit management skills. It indicates that you are actively
working to maintain high standards in the field.
·
Standards
of Excellence: With constant
changes in credit and with financial services redefining the role of the credit
executive, this certification program is a valuable way to master professional
education requirements and achieve professional excellence.
