The National Education Department developed the Credit Administration Program (CAP) and the Advanced Credit Administration Program (ACAP) to meet the educational needs of today’s credit professional. Both programs comprise a series of college-equivalent courses designed to improve or enhance the credit professional’s skills and knowledge. These courses are not designed to serve as on-the-job training courses. The CAP and ACAP programs are offered exclusively through NACM Affiliated Associations.
The CAP Program
The Credit Administration Program provides participants with a solid foundation of knowledge and prepares applicants for the CBA designation proficiency exam.
The CAP program includes the following courses:
- Basic Financial Accounting
- Financial Statement Analysis I
- Business Credit Principles
(formerly known as Credit & Collection Principles)
There is a required textbook for each course which may be purchased through the NACM Bookstore. A complete list of required chapters for each text can be found in the CBA Designation Exam Study Guide.
From January 1999 through December 2001, all three CAP classes were recommended for two credit hours each of college equivalency by the American Council on Education (ACE). For information on ACE or confirmation of NACM’s status as a participating organization during that time, please visit ACE’s web site at www.acenet.edu.
The ACAP Program
The Advanced Credit Administration Program is a series of college equivalent courses designed to prepare credit professionals for additional managerial responsibilities and for the CBF designation exam. (A combination of course work and NACM Career Roadmap points are needed to qualify for the CBF designation exam.)
The courses required for the ACAP program are:
- Business Law I (Contracts)
- Credit Law
There is a required textbook for each course which may be purchased through the NACM Bookstore. A complete list of required chapters for each text is listed in the CBF Designation Exam Study Guide.