Certificate in Credit Management

Learning outcomes

• Develop an understanding of how to protect your margin, maximize collections and manage risk.
• Understand how Accounting is related to Credit Management.
• Understand how the economy works and why, allowing you to have an insight into current affairs and news stories.
• Understand the relationship between Economics and Credit Management.
• Understand the basics of the Legal System in Ireland, including Contract Law, Law of Torts, the Sale of Goods act, and Credit & Security.
• Understand the relationship between law and Credit Management.

Course Modules

1. Credit Management

The Credit Management subject gives a practical overview of the function, the components and how to manage credit.  It covers consumer, trade and export issues to give students a better understanding of the topic.  The course is dynamic, surprisingly commercial and focuses on building strong customer relationships and finding a way to deliver every order, and what must be in place if getting paid is important to your business.  As a result of completing this module the student will have a greater understanding of how to make the credit function an essential ingredient in protecting your margin,  maximising collections and managing risk.

2. Accounting

The Accounting subject is specifically designed for credit professionals – not accountants – you will never have to prepare a set of accounts but you have to be able to understand them and make important decisions on that basis.  This section shows you how.  It also incorporates some simple and effective scoring models to improve your understanding of your customers.  As a result of completing this module the student will have a greater understanding of accounting and its relation with credit management.

3. Economics

The Economics subject gives you a view of the economy works and why.  What factors to look out for and will give you a better understanding of news and current affairs when you understand what is behind it.  At the end of this module the student will understand economics and its relation with credit management.

4. Law

The Law subject gives you an understanding of the basics of the Legal System in Ireland – and covers relevant topics like Contract Law, Law of Torts and the Sale of Goods act, as well as a section on Credit and Security.  At the end of this module the student will understand Irish law and its relation with credit management

Assessment

Assessment is by way of assignments and end of semester examination papers of two hours duration which require students to answer four questions out of eight. Examinations are held June and January.

Attendance Record

Students are expected to have a minimum attendance of 80%. Actual attendance may be taken into consideration when reviewing marks achieved in examinations.

IICM Accreditation

The certification is awarded to students who successfully pass all four examinations. The exams results are notified by IICM to students within two months of completion of examination. Holders of the Certificate are entitled to display “A.I.I.C.M. (Cert)” if associate member, or M.I.I.C.M. (Cert) if full member, after their name.
The Irish Institute of Credit Management (IICM) is the professional and examining body for the Certificate course. Students are required to register as members of the Institute for duration of their studies. Through membership, students will have contact with the Institute. They will also be invited to attend workshops and expositions run by the Institute on relevant aspects of Credit Management.

Exemptions

IICM may grant exemptions from certain examination subjects in respect of which the student already holds an acceptable qualification. The Institute does not grant exemptions from examinations on the basis of experience. Export Edge will assist eligible students with applications for exemptions based upon their CV and academic achievements. Applications for exemption, supported by copies of the certificates, confirmation of the subjects passed together with the relevant syllabi and appropriate fees must be sent to IICM (Irish Institute of Credit Management) within four weeks of enrollment for the course.

Enquiries and booking

To enquire about the course or to reserve a place, contact us by phone: +353 (0) 1 676 6894 or email: training@export-edge.com

For more course details click on the PDF below.