Short Module Program

The Credit Institute of Canada is pleased to offer 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.

Earn Professional Development Points

Short Modules are a great way to earn professional development points for CCP and ACI Members. The level of competency of Certified Credit Professional (CCP) and Associate Credit Institute (ACI) designation holders is well respected in the marketplace today. This recognition, though, is not immune to the constantly changing business environment. In order to assist CCPs and ACIs maintain their competitive edge, the CIC instituted a mandatory Professional Development Program (PDP) in 2000. The program requires all designated members to accumulate a total of 100 points every 3 years through various activities. Forty (40) professional development points will be awarded for each short module successfully completed.

Module Structure

Registration is open all year long. Participants will have four (4) to twelve (12) 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 for the Credit Management (CR1) and Advanced Credit Management courses.

GST/HST is applied to all fees and tuition based on your province/territory of residence: AB BC NT NU MB PE QC SK YT: 5% | NB NL ON: 13% | NS: 15%

There is no tax charge for students outside of Canada.

 

Additional Information

  • Fees and tuition
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List of Short Modules

Financial Statement Analysis

(Duration: 12 weeks / Fee: $399)
Upon completion of this module, 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.

Credit Policies and Procedures

(Duration: 4 weeks / Fee: $275)
Upon completion of this module, you should be able to:

  • Describe the importance of a credit policy.
  • Describe the factors that should be considered when electing a liberal/conservative policy
  • Describe why different companies adopt different policies, and why a company would be motivated to change their policy.
  • Describe the basic components of a credit policy.
  • Write a credit procedure.

Personal Property Security

(Duration: 4 weeks / Fee: $275)
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.

Risk Evaluations

(Duration: 4 weeks / Fee: $275)
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 risk evaluation process.
  • Describe the five steps in the mercantile risk evaluation process.
  • Describe the steps in developing a credit scoring system.

Bankruptcy & Insolvency - Canada

(Duration: 4 weeks / Fee: $275)
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.

International Credit Management

(Duration: 12 weeks / Fee: $399)
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.
  • 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.

Construction Credit Risk Managment Program - Gold Seal

(Duration: 12 weeks / Fee: $399)
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.
  • 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.

Credit Investigations

(Duration: 4 weeks / Fee: $275)
Upon completion of this module, you should be able to:

  • List the considerations in developing a credit application.
  • Explain the legal authorizations/requirements for proceeding with a credit investigation.
  • The common sources of information used in credit investigations, and what information about the 4 C’s of the applicant, does each source provide.

Credit Fraud

(Duration: 4 weeks / Fee: $275)
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.
Special Features
  • All materials will be accessible online 24 x 7
  • Materials include audio lectures, lesson notes, and assignments
  • Study at your convenience
  • Enroll at any time that suits your schedule
  • Materials for the Short Modules consist of extracts from the most current handbooks for the Credit Management and Advanced Credit Management courses
  • Graduates receive a certificate
  • 40 professional development points
Technical Requirements
  • Firefox™  (9 or later) or Microsoft Internet Explorer ™ (8 or later)
  • Adobe® Flash® Player (A free version of Adobe® Flash® Player is available from get.adobe.com)
    • Please follow the instructions on this document to enable you to play the multimedia presentation and other Flash content on your iPad or iPhone.
Minimum System Requirements for Windows
  • 1.4 GHz or faster processor
  • 1 GB of RAM for Win Vista (Service Pack 1) or Windows 7
  • 80 MB available disk space
  • Adobe Flash Player 10 or later
Recommended System Requirements for Mac
  • Mac OS X 10.10 or later
  • Intel processor
  • 2 GB RAM
  • Parallels or VM Ware