Online Courses

View our Online Course Schedule here

Our online independent study courses are designed to provide a more convenient alternative to traditional courses while also offering a network of support. They allow the flexibility to choose the most opportune times to study and take exams, be it morning or evening, weekday or weekend. They also grant the freedom from being required to attend scheduled classes; however, students follow a weekly syllabus so that they stay motivated to complete their course.

A course facilitator is available for each class to provide assistance. Our facilitators are accessible through email to answer questions, provide guidance and help students prepare for the online exams.

Our priority is to provide students with the best education we possibly can. For this reason, our classes are intensive, college-level courses. Due to the independent nature of our courses presented online, students should be highly self-motivated with the ability to learn from a non-traditional presentation medium. Students should also be comfortable using the Internet.

Click on a course below to for additional information.

Business Credit Principles Financial Statement Analysis I
Independent Study with Facilitator Assistance  
Accounting International Credit & Risk Management
Business Law Credit Law

In addition to the courses above, our Credit Learning Center provides even more options for self-paced learning!

Certification Exam Information

The dates for the CBA, CBF and CCE exams can be found on our event calendar and in the NACM National Certification Brochure. The exam test date schedule may be modified from time to time; all exam candidates will receive updated information and schedules with their written eligibility confirmation if this occurs. The CBA, CBF and CCE exams will be given at your local Affiliated Association office on the dates listed below.

Your Registration Form, Application Form, corresponding fees and documented Career Roadmap (if applicable) must arrive in our office by the day of the paperwork deadline to ensure a formal evaluation of your information for each exam. You will receive written confirmation of your file status approximately four weeks from the date we receive your paperwork.


Certification exams are administered in accordance with the national test date schedule. No books, notes or reference materials are permitted in the exam room; however, hand-held calculators are permitted. Exam results are released in writing as pass or fail (unsatisfactory) only. Numeric grades are not released. Candidates receiving a failing result will be given study suggestions to help prepare to retake the exam.

You are encouraged to study for the examination. For the CBA and CBF designations, test questions are drawn from the material covered in the required courses. Candidates will receive a copy of the appropriate exam study outline from the NACM-National Education Department with their approval letters. Because NACM reserves the right to update the exams, qualified exam candidates should reference the current Study Guides to prepare for the exam. All of the recommended study texts can be purchased through the NACM Bookstore.

CBA and CBF Online Practice Exams are intended to provide a sampling of the official exam’s format and content. They are not intended to reflect the exact number of questions on any specific subject nor are they reflective of the exact number of questions found on the official exam. The Online Practice Exams are meant for study preparation and as a tool to become comfortable with the testing process. Please note that an exam access fee may be instituted during the year.

Exam Retake Fee

Should your exam results be unsatisfactory, you may retake any of the designation exams on the next scheduled test date. You must complete and send the Exam Retake Form along with the appropriate retake fee to the NACM-National Education Department to retake an exam. Your form should be received by the NACM-National Education Department at least 30 days prior to the scheduled test date.

If you would like to inquire about your exam, please make inquiries within three months of the exam date on which you sat. Exams will be destroyed after this time. Unfortunately, the number of exams taken each year precludes their storage.

Exam Rescheduling and Fees

Anyone rescheduling an exam date should put their request in writing or update their exam notification form (this will arrive with your written testing approval letter). The NACM-National
Education Department must receive written notification of your wish to change exam dates at least two weeks prior to the exam date. You may fax or mail the request. A $40 fee is charged if you reschedule up to two weeks prior to the examination date or are a no-show for the examination. This fee applies each time you reschedule or cancel two weeks prior to or within two weeks of the exam.

Application and Testing Expirations

All three designations require the candidate to apply for qualification. Candidates must take the appropriate designation exam within one year of written eligibility and must pass the exam within three years of eligibility. Failure to complete the process by taking or passing the exam will require the candidate to reapply.

FAQs for NACM Certification Program and Career Roadmap

  1. Do I have to complete the Education Department Registration form before taking the required courses?

    You should complete the registration form either before you begin taking your courses or after you have completed your first course.
  2. Do I need to be an NACM member to sit for NACM's designation exams?

    You are not required to be an NACM member to sit for our designation exams, however, NACM members do qualify for discounted application fees.
  3. Do Continuing Education points apply only to NACM-sponsored conferences, seminars and meetings?

    Employee-sponsored training may also be entered in the Continuing Education at Conferences, Seminars and Meetings section.
  4. What do CAP and ACAP stand for?

    The Credit Administration Program (CAP) and the Advanced Credit Administration Program (ACAP) refer to courses that are offered through NACM Affiliated Associations.
  5. How do you prove that you are the registered participant for NACM-National webinars and teleconferences?

    The NACM Education Department will verify your registration with the NACM-National Meetings Registrar.
  6. If I took an accounting course in college, do I still need to take the accounting course through NACM?

    You may submit an official college transcript for review by the Education Department to determine if the course fulfills NACM's requirements.
  7. How can I get information on seminars and classes I've attended?

    For local events, please contact your local NACM affiliate. You may find a listing of your NACM National education history by visiting After logging in, click on Check My Account and then Participation to view your CEU earnings, NACM meeting history and CMI survey participation.
  8. Does work experience outside of credit count, such as accounting, accounts receivable or accounts payable?

    If your work experience was in the financial management field, points may be awarded in the work experience area.
  9. Do I need to complete the Career Roadmap if I am applying for the CBA designation?

    The Career Roadmap is only required for the CBF and CCE designations. We do recommend keeping a record of any educational programs you attend, however, if you plan on working towards your CBF and/or CCE designation.
  10. Why aren't additional points awarded for the CCRA designation to those that achieved the CBF designation prior to 2013?

    Prior to 2013, the Financial Statement Analysis 2 course was required for the CBF designation. Since all the courses for the CCRA designation would have been required for either the CBA or CBF designation prior to 2013, no further coursework would be necessary, therefore no further credit may be given.
  11. How do I participate in NACM-National surveys?

    Please visit our website to receive monthly email reminders to take the CMI survey.

NACM Career Roadmap

Along with the CBF and CCE designation applications, you must submit the NACM Career Roadmap. (The CCRA and CBA designations do not require the submission of the Career Roadmap. The Roadmap enables you to assess your professional accomplishments. There are more than 500 points available on the NACM Career Roadmap. A total of 75 Roadmap points is needed to apply for the CBF designation and a total of 125 points is needed to qualify for the CCE designation. Points are awarded for both formal and continuing education, work experience, participation with your local and National NACM offices, as well as special activities in which you may be involved. You must send your completed Career Roadmap to the NACM-National Education Department for evaluation with the CBF and CCE application form and fee. Your Roadmap will be reviewed and verified, after which you will be notified of your status. Completed paperwork is due eight weeks prior to the scheduled exam date to ensure time for a thorough evaluation.

Keep a copy of your Roadmap accessible and add points to it as you attend classes and participate in activities and events. Save a complete copy of your Roadmap for future reference each time you submit it with a designation application.

Career Roadmap (pdf)

Career Roadmap Sample #1 (pdf)

Career Roadmap Sample #2 (pdf)

Career Roadmap Sample #3 (pdf)

Certified Credit Executive® (CCE®) Exam Study Guide

About this Guide:

This guide presents a listing of suggested study topics and recommended books and material to prepare for the CCE designation exam. Due to the comprehensive nature of the exam, this guide cannot present a listing of every possible topic that can appear on the exam. Depending on your level of proficiency, you may not need to read every book. Some topics are duplicated in these publications. Be sure to spend time on legal and financial issues when preparing for the exam.

About the Exam:

The length and scope of each CCE exam may vary. Traditionally, the exam is comprised of two sections: short answer/essay questions covering a variety of credit, legal and management issues and a case study. The exam measures a candidate's ability to apply concepts to situations or explain how they relate to the field of business credit. The case study will require a candidate to analyze a case company and apply your findings to specific questions.

Candidates may take up to four hours to complete the exam. Many candidates have difficulty with the time constraint. We suggest you take questions from the Charles Gahala text listed herein, and attempt to answer the questions in one or two well-developed paragraphs. To get a feel for the testing environment, time yourself. Gauge your progress after fifteen minutes. If you are unable to thoroughly discuss a topic in a timed situation, focusing on the topic's primary issues, you may wish to review the topic in greater detail or continue with these timed exercises.

During the exam if you are uncertain about a question, move on and come back to it later or provide as much information as you know since partial credit is given. If the exam instructions state that a fully developed answer is composed of two or three paragraphs, do not over or under respond to the question. Providing a two-page answer where two paragraphs will suffice only eats away at your time. Also, keep in mind that the opposite is true. If you are familiar with a subject, writing a two sentence response is clearly too brief based on the instructions.

Please be aware that the essay portion of the exam and the case study section are each worth approximately fifty points. No one section is more important than the other. The exam you take will note the precise value of each question. Texts and notes may not be used during the exam. Hand-held calculators may be used. Candidates must earn a final score of 70% to pass this examination. And finally, please keep in mind that every test-taker is different. You are the best judge of your study habits and testing strengths and weaknesses.

Suggested Reading:

Depending on an applicant's proficiency, some or all of the following publications are recommended:

  • Credit Management: Principles and Practices, 4th edition by Dr. Charles Gahala, CCE
  • Understanding Financial Statements by Lyn M. Fraser
  • Manual of Credit and Commercial Laws, by NACM
  • Antitrust, Restraint of Trade, and Unfair Competition: Myth Vs. Reality by Wanda Borges, Esq.

All of these publications are available for purchase through the NACM Bookstore.

Credit Management: Principles and Practices by Dr. Charles Gahala

This book presents a comprehensive review of the many topics covered by the exam. It is recommended that candidates read the entire book and answer the end of chapter questions. Depending on a candidate's level of knowledge, the other publications listed in this guide should be consulted.

Understanding Financial Statements by Lyn M. Fraser

This book, written in an easy-to-read format, presents a comprehensive look at the subject of financial analysis.  Candidates should focus on the meaning of information or interpreting the information presented in financials.  Candidates should review this entire book.

Manual of Credit and Commercial Laws by NACM

The Manual presents a comprehensive look at the legal environment of credit. Candidates should pay particular attention to the following chapters:

Vol. I, Chapter 5: The Formation, Performance and Enforcement of Contracts
Vol. 1, Chapter 7: Antitrust and Trade Regulation for Credit Groups and Grantors
Vol. 1, Chapter 9: The Sarbanes-Oxley Act:  Compliance Issues and Regulations
Vol. II, Chapter 3: Uniform Commercial Code: An Overview
Vol. II, Chapter 4: Negotiable Instruments: Notes, Checks, and Drafts
Vol. II, Chapter 6: Secured Transactions: A Step-by-Step Explanation
Vol. II, Chapter 7: Bad Check Laws
Vol. II, Chapter 10: Consumer Protection Legislation
Vol. IV, Chapter 1: Reclamation, Stoppage in Transit and Adequate Assurance Rights, Administrative Claim in Favor of Goods Suppliers, and other Return of Goods Remedies
Vol. IV, Chapter 2: A Creditor's Guide to the Bankruptcy Process
Vol. IV, Chapter 3: Alternatives to Forcing a Financially Distressed Debtor into Bankruptcy

Please note that volume and chapter numbers refer to the 2014 edition of the Manual of Credit & Commercial Laws.  If you have an earlier edition, the chapter numbers will be different.