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Institute of Credit Course Descriptions

The Institute of Credit Programs:

  • Credit Administration Program (CAP)
  • Advanced Credit Administration Program (ACAP)

    Credit Administration Program (CAP)

    The Credit Administration Program provides foundation courses needed to perform basic credit, collection and accounts receivable functions in a credit/finance field. It provides training to enable the student to perform entry-level to intermediate-level credit responsibilities. Credit review, analysis and evaluation, credit decisions, information resources and distribution, commercial business transactions, nonfinancial and financial considerations will be studied to give the attendee a broad understanding of skills and knowledge needed to obtain or to maintain a position. Students will benefit by classroom experiences presented in the form of lecture, practical exercises, information exchange, networking and personal participation.

    • Business Credit Principles – 30 Credit Hours
      A basic overview of the field of business credit and collections, and a foundation for all other finance and credit courses offered. Designed to give the student a more detailed approach to credit topics typically encountered in the credit operation. Topics covered will be: the nature and function of credit, credit department methods, credit information, credit reports, and policies and procedures. This course will also focus on the understanding of a financial statement, basic ratio analysis, understanding the bankruptcy process, dealing with financially distressed customers, and various security agreements. This course will prepare the students to handle day-to-day events and prepare them for more advanced coursework. “This course has been recommended for 2 semester hours in Business Administration or Finance by the American Council on Education.”
    • Basic Financial Accounting – 30 Credit Hours
      Accounting is the language of business. It provides a framework for capturing business transactions in a coherent manner. More formally, accounting is defined as “the process of identifying, measuring, and communicating economic information to permit judgments and decisions by users of the information.” This course will provide participants with a good understanding of accounting and how the accountant thinks about transactions. With the knowledge, participants will gain a strong foundation to comprehend financial information contained in financial statements.
    • Financial Statement Analysis I – 30 Credit Hours
      Financial statement analysis is a reasonably unstructured method of interpreting accounting data in an effort to understand the current financial performance of an entity and project its future health. This first course in financial statement analysis keeps the process simple and ignores many complex issues that can arise. The emphasis of the course is on analyzing financial statements issued by companies using simple ratio analysis techniques and analysis of the statement of cash flows.

    Advanced Credit Administration Program (ACAP)

    The Advanced Credit Administration Program exposes participants to a wide range of ideas, practices and resources, and leads to the mastery of new concepts. This program challenges students to examine issues and processes not only from the credit/finance standpoint but also from a cross functional point of view. These courses provide a foundation in disciplines such as advanced financial analysis, valuation, applied business economics, business/credit law, human resource management, corporate strategy, treasury management and other more advanced topics. This program will teach and encourage students to think critically. Students will apply and communicate what they have learned with value-added skills such as teamwork, negotiation and presentation skills that will enhance their management expertise. Curriculum is delivered by lectures, team projects, case studies and other relevant methods.

    • Business Law – 30 Credit Hours 
      Offers an up-to-date coverage of business law topics that are essential to today’s credit professional. An introduction to the laws of contracts, including offer and acceptance, consideration, capacity of parties, mutual assent, rights of third parties, performance and discharge, principle and agent, as well as legal phases of collection. Furnishes a basic understanding of business law essential to the credit function and provides information to build negotiation skills.
    • Credit Law
      This course examines the law of sales, negotiable instruments, and secured transactions under the Uniform Commercial Code, and provides an overview of insolvency and major changes under the most current amended laws and legislation having impact on credit operations. This class will develop the ability to analyze and resolve basic legal credit issues.

    For further program or course information contact: Lillian Novak or call 847-483-6478.