Certified Credit Professional Program

The Certified Credit Professional (CCP) curriculum 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 CCP courses are selected and developed for the Credit Institute by leading subject matter experts with a focus on mercantile credit risk management. 

The CCP program is designed for independent study and enhanced by online learning and optional lectures. Obtaining the CCP designation can fit your busy lifestyle! Students have seven-years to complete the program, 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.


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Enrollment

Individuals employed in a credit-related position or aspiring to a career in credit are encouraged to enroll in the program. Recognizing that many organizations seek to hire CCP graduates or students for credit positions, the Credit Institute allows enrollment in its certification program even before obtaining related employment.

New students are advised to register early to ensure time for transcript evaluation, software setup and computer skill development. Applications are accepted until the identified deadline dates. Applications received after the deadline may be considered at the discretion of the Credit Institute and will be subject to a late processing fee of $50 (plus HST).

Additional Information

Courses

FB1 - Fundamentals in Business

In today’s marketplace, well-rounded credit professionals must understand basic business fundamentals to succeed. This course provides an introduction to the general concepts of business and management. Topics covered include economics, marketing, industry analysis, negotiations, entrepreneurship, leadership and people management. The course also places an emphasis on the written and oral communications skills necessary in a business environment. During completion of this course, students are expected to use the skills learned to research and analyze data about a business. Part of the course work will require students to write and present an analysis of a business.

CR1 - Credit Management

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.

Note: Cours dispensés en anglais et en français

CR3-I - Managing Credit With Information Technology I

This course is specifically designed to enhance the analytical skills of credit professionals. The first half delves into some of the basic to intermediate features and functions of Microsoft Excel. Working through a series of audio video lectures, mini exercises and assignments, students learn how to slice and dice data to gain deeper insights and become more efficient performing their daily work.

The latter part of the course takes students on a discovery journey of Microsoft Access. It introduces the concepts of tables, queries, forms and relationships. These concepts are key to understanding how relational databases work. To add perspective, a sample collection portfolio management database, built with MS Access, is used to demonstrate some of the tasks that credit professionals perform routinely: creating a follow-up list of customers, aging report, ‘approaching credit limit’, and ‘over credit limit’ reports, etc...

Prerequisite courses: CR1
Note: Students must have access to MS Excel, MS Access, MS PowerPoint. These applications are available in digital format for purchase through the Institute of Canada: MS Office Suite - $135.00 + HST.

CL1 - Canadian Credit Law

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.

Note: Cours dispensés en anglais et en français

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
Note: Cours dispensés en anglais et en français

CR3-II - Managing Credit With Information Technology II

In today’s work force, the use of information systems is ever-present. Ranging from order processing to predictive analytics, to accounting and credit risk management, information technology has become entrenched in almost every aspect of our work. This course presents some of the core principles of Management Information Systems (MIS) essential to many business functions. The focus is to equip credit professionals with the understanding that will make them better knowledge workers. After completion of this course, students will have an appreciation of what information systems can and cannot do, and be able to make meaningful contributions in the implementation of solutions to achieve business objectives.

Prerequisite courses: CR3-I

Financial Accounting

Credit Institute students will be able to take the following online equivalency course through the University of Winnipeg with no evaluation or transfer fees applying:

Credit Institute of Canada Course University of Winnipeg equivalency course
Financial Accounting Fundamentals of Financial Accounting – BUS-2002
Available twice a year in the fall (September - December) and spring (May - July) terms.

 

Application fees (non-refundable):

  • Domestic (Canadian) -- $80
  • International -- $110
  • Continuing -- $40
  • Visiting -- $110
  • Credit Institute Student Membership --$150

Textbook fees:

  • Financial Accounting (Canadian Ed) 6th Edition by Kimmel
    The book can be purchased through Wiley for the digital version or the University Bookstore or other book resources – Amazon, Chapters, etc.
  • Wiley E-Text -- CDN $54.50 BUY
  • Loose-leaf -- CDN $94.95 BUY
  • Hardcover -- CDN $136.95 BUY

 

Corporate Finance

Credit Institute students will be able to take the following online equivalency course through the University of Winnipeg with no evaluation or transfer fees applying:

Credit Institute of Canada Course University of Winnipeg equivalency course
Corporate Finance Corporate Finance
Available once a year in the winter (January - April) term.

 

Application fees (non-refundable):

  • Domestic (Canadian) -- $80
  • International -- $110
  • Continuing -- $40
  • Visiting -- $110

 


Students are welcome to source out alternate Financial Accounting and Corporate Finance equivalency courses; most Canadian Universities and Colleges offer them. Students can check the transfer credits section for Financial Accounting & Corporate Finance equivalency. Please note, an evaluation fee and transfer credit fees will apply. If you have any questions, don't hesitate to contact us at 1-888-447-3324, we would be happy to answer any questions.

 

Credit Specialist

A Credit Specialist Certificate is the first step in the pursuit of the CCP designation. Students achieve the credit Specialist Certificate by successfully completing the following courses:

  • Fundamentals in Business
  • Credit Management
  • Managing Credit with Information Technology I
  • Canadian Credit Law

Three years of practical work experience in a credit position and CIC membership are required.

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Study Method

Successful completion of the CCP Program requires commitment, self-discipline, organization and planning.

The entire program is designed for online 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. The program is administered through four sessions per academic year. It is suggested that students enroll in at least three of these sessions per year.

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 .

Minimum Passing Grade

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 is 65%.

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.

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Testimonial

"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 (Short Module on Financial Statement Analysis) 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."

- Louis Noel
Attorney-at-Law
Trinidad & Tobago