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We believe that a good foundation is essential for commercial creditors nationwide.

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NACM Accounting Course, Financial Accounting & Principles

Accounting Online Course

Click here to view the online course schedule.

Course Details

This course presents an introduction to basic financial accounting. Students begin at square one, learning the foundation of accounting principles. As the language of business, accounting is essential to business professionals.

The course runs approximately 15 weeks and is facilitated by an accounting professional who is available for questions by email. Students receive a course bundle before the start of the session, which includes the textbook, study guide, and online component. During the course, students will take four proctored exams online. After each exam, the instructor will provide students with helpful feedback and study tips. Upon successfully completing the course with a score of 70% or higher, students receive a certificate of achievement and earn course credit toward the CBA designation accounting course requirement.

 

register for Accounting Course

Winter
Early Admissions 12/13/24

 

register for Accounting Course

Spring
Early Admissions 04/11/25

 

register for Accounting Course

Fall
Early Admissions 08/08/25

 


Earn course credit toward your CBA or CCRA designation!


Accounting Course Overview

1. Introduction to Accounting and Business

  • Nature of Business and Accounting
  • Generally Accepted Accounting Principles
  • The Accounting Equation
  • Business Transactions and the    Accounting Equation
  • Financial Statements

2. Analyzing Transactions

  • Using Accounts to Record Transactions
  • Chart of Accounts
  • Double-Entry Accounting System
  • Posting Journal Entries to Accounts
  • Trial Balance

3. The Adjusting Process

  • Nature of the Adjusting Process
  • Recording Adjusting Entries
  • Summary of Adjustment Process
  • Adjusted Trial Balance

4. Completing the Accounting Cycle

  • Flow of Accounting Information
  • Financial Statements
  • Closing Entries
  • Accounting Cycle
  • Fiscal Year

5. Accounting Systems

  • Basic Accounting Systems
  • Manual Accounting System
  • Adapting Manual Accounting System
  • Computerized Accounting Systems
  • E-Commerce

6. Accounting for Merchandising Businesses

  • Nature of Merchandising Businesses
  • Financial Statements for Merchandising Businesses
  • Merchandising Transactions
  • The Adjusting and Closing Process

7. Inventories

  • Control of Inventory
  • Inventory Cost Flow Assumptions
  • Inventory Costing Methods Under a Perpetual Inventory System
  • Inventory Costing Methods Under a Periodic Inventory System
  • Comparing Inventory Costing Methods

Set your own schedule!

 

 

 8. Sarbanes Oxley, Internal Controls, & Cash

  • Sarbanes-Oxley Act of 2002
  • Internal Control
  • Cash Controls Over Receipts and Payments
  • Bank Accounts
  • Special Purpose Cash Funds

9. Receivables

  • Classification of Receivables
  • Uncollectible Receivables
  • Direct Write-Off Method for Uncollectible Accounts
  • Allowance Method for Uncollectible Accounts
  • Comparing Direct Write-Off and Allowance Methods
  • Notes Receivable
  • Reporting Receivables on the Balance Sheet

10. Fixed Assets and Intangible Assets.

  • Nature of Fixed Assets
  • Accounting for Depreciation
  • Disposal of Fixed Assets
  • Natural Resources
  • Intangible Assets
  • Financial Reporting for Fixed Assets and Intangible Assets

11. Current Liabilities & Payroll.

  • Current Liabilities
  • Payroll and Payroll Taxes
  • Accounting Systems for Payroll and Payroll Taxes
  • Employees' Fringe Benefits
  • Contingent Liabilities

12. Accounting for Partnerships and Limited Liability Companies.

  • Proprietorships, Partnerships, and Limited Liability
  • Forming and Dividing Income of a Partnership
  • Partner Admission and Withdrawal
  • Liquidating Partnerships
  • Statement of Partnership Equity

13. Corporations: Organization, Capital Stock Transactions, and Dividends.

  • Nature of Corporation
  • Stockholder's Equity
  • Accounting for Dividends
  • Treasury Stock Transactions
  • Reporting Stockholders' Equity
  • Stock Splits

14. Statement of Cash Flows.

  • Reporting Cash Flows
  • Statement of Cash Flows – The Indirect Method
  • Statement of Cash Flows – The Direct Method

FAQs

Do I read chapters; do assignments on an "honor system"?

Yes. The assignments, if any, do not need to be turned in to anyone. Rather, they are there to help you further comprehend the material covered in the assigned readings.

Do I only take exams online?

Yes. The exams are only available online and will be available Monday through Friday during the exam week. Before you begin, your proctor must enter a password, which they receive, via e-mail the week before the exam. You will have 2 hours in which to complete the exam. We do not release any of the questions or answers. The exams are found in the "Lessons" tab. The exams make up your course grade.

What is a proctor?

A proctor is a person who will administer your exams. He or she is responsible for protecting the integrity of the exams and will return the signed proctor sheet to us upon completion of each exam. The proctor may be a supervisor (someone who is not taking the course), human resources representative, Affiliated Association staff member or other responsible party. The proctor may not be a relative, spouse or boyfriend/girlfriend.

 

What if I miss a week due to business travel? Can I catch up?

Since you study at your own speed, missing a week is not a problem. You decide when to catch up. However, exam week is a different story. If you realize that you will not have access to a computer or to your proctor during an exam week, let NACM know right away. We can arrange for you to make-up the exam.

Is the class designed merely for Monday through Friday?

Yes/No. It is true that exams are only offered Monday through Friday. However, students are on their own schedule with readings, assignments and quizzes.

Can I see the questions I got wrong after I take an exam?

No. It is against our policy to release exams, as we reserve the right to reuse exam questions in the future. However, the instructor will provide feedback and study tips.

 

NACM Online Courses: liens and bond claims, credit law, international credit risk management

Facilitators

Accounting:

Meredith Mostochuk, CBA
Meredith Mostochuk is the Credit Manager, Strategic Accounts at Airgas, Inc.  Airgas, Inc., through its subsidiaries, is the largest U.S. distributor of industrial, medical and specialty gases, and hard goods, such as welding equipment and supplies.  Meredith has over 10 years of credit experience including auditing, financial analysis and collections.

Meredith holds a Bachelor degree in Accounting and Finance from Temple University.  She also holds a Credit Business Associate designation through the National Association of Credit Management (NACM).

Meredith, through Airgas, is a member of the Credit Research Foundation (CRF).She is a certified instructor for the NACM, facilitating their Online Accounting course.  Meredith is a contributor to the Credit Learning Center and is a 2010 NACM Teleconference Series presenter.

 

online course

Technology Requirements

In order to access the online portion of our courses, you must use a computer with a compatible web browser. Microsoft Windows supports most web browsers that are compatible with the course, i.e. Mozilla Firefox or Internet Explorer. Macintosh supports Mozilla Firefox which is compatible with the course, the use of Safari is not recommended.

Browser/Plugin Requirements

To ensure that the operating system and browser that you will be using to work on the course are supported by Cengage please confirm at the following sites under "Is My System Compatible?"

For Accounting: http://support.cengage.com/victoriaweb/ArticlePage?ProductId=1-1TD4IY9

For Law: http://support.cengage.com/victoriaweb/ArticlePage?ProductId=1000131

Other browsers and operating systems may work well; however, the listed configurations are the only configurations that are tested and supported by CengageNow/MindTap.

Please note that depending on the course that you take with us, some browser plug-ins may be necessary. To view portions of certain course sites, you may need one or more of the plug-ins listed on the websites above. Browsers will generally automatically download any plug-in required by a particular page. Those that may be required, for example to run an audio/visual clip, include QuickTime, RealPlayer, Windows Media Player, Shockwave, Adobe Reader, Flash and Java Sun Microsystems. For a list of plug-ins please visit the websites provided above.

online course

How They Work

NACM Online Courses are designed to give students the most flexibility and independence.

There are no mandatory scheduled meeting times. Students follow a weekly syllabus, working independently to read the material and complete any assignments at their own convenience during the weekday or night. A "facilitator" is available for each class to provide assistance. Our facilitators are accessible through e-mail to answer questions, provide guidance and feedback, and even give students helpful study tips.

Our classes are intensive, college-level courses and each facilitator is experienced in the field they are guiding. Both of these factors contribute to our high quality educational programs. Due to the independent nature of the online courses, students should be highly motivated with the ability to learn in a non-traditional environment.

During the course, students take proctored exams. Upon successfully completing the course with an average score on the exams of 70 percent or higher, students will receive a certificate of achievement and will earn course credit toward the designation course requirement.

The facilitator is available via e-mail for questions, comments, and concerns. The facilitator also hosts a conference call before each of the exams to give the students areas of study to concentrate on for the exam. We strongly suggest that you take the quizzes to help you further understand the chapter material. These quizzes do not count toward your grade.

How do NACM online courses work?

Each course comprises two pieces, the traditional materials and the online component. The course tuition covers the cost of the textbook and other necessary hard copy materials as well as facilitator support. It also includes the costs associated with the online component, a special order access code and provider support and maintenance. Students are given a syllabus to follow. Each week specific material must be completed to maintain the pace of the course and ensure completion. This keeps all students on the same material at the same time, making the study conferences relative to all. Students are allowed one week, specified on the syllabus, in which to schedule and complete their tests. A facilitator is available via email and scheduled study review conference calls to answer questions or explain concepts. Participation is highly recommended for students to fully benefit from the course.

The online component contains resources and supplements to the course. It provides updates through a calendar, inter-course email, the syllabus and more. Quizzes and tests are taken through the online component. Tests require a proctor. Students must provide the name and contact information for a human resources manager, supervisor, teacher or other reliable individual to act as proctor. Relatives and fellow students may not act as a proctor.

A confirmation letter and certificate are provided at the conclusion of the course.

 

online courses for credit analysts, credit managers, credit management and credit risk certification

2025 Online Course Fee Schedule

 
  Member Fee Non-Member Fee
Early Admissions
Registering by December 13
for the Winter session.
$889.00 $1055.00
Regular Admissions
Registering after December 13
for the Winter session.
$989.00 $1189.00
Early Admissions
Registering by April 11
for the Spring session.
$889.00 $1055.00
Regular Admissions
Registering after April 11
for the Spring session.
$989.00 $1189.00
Early Admissions
Registering by August 8
for the Fall session.
$889.00 $1055.00
Regular Admissions
Registering after August 8
for the Fall session.
$989.00 $1189.00

Register for Accounting

What does the course fee cover?

This fee covers the cost of course textbooks and materials as well as the access code to online portion. A certificate of achievement and a confirmation letter noting your results are provided at the successful conclusion of the course.

Special shipping fees apply to any registration that requires course materials be shipped to an address outside of the continental U.S. Fees are based on the actual cost shipping the materials, with a $50 minimum charge. Please contact the course administrator for more information.

NACM must transition to new textbook editions as they are released from the publishers. Students retaking a course or continuing with a subject must also have these new materials as they correspond with the online component. If at any time NACM transitions to a new edition, students are responsible for the entire course tuition when registering. The full tuition includes the applicable text and materials.


Refund and Cancellation Policy
Materials for online courses are a special order, packaged bundle and include a course-specific password. Therefore, only 50% of the course tuition is refundable should you cancel your registration/enrollment or drop the course after the early registration deadline through the first day of the course. Student substitutions, however, will be permitted up to 7 days prior to the first day of the course. After the first day of the course, no part of the tuition fee is refundable. Should you have questions, please contact the NACM Meetings Department at 410-740-5560 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Course Transfer Policy
After the first day of the course, no part of the tuition fee is refundable; however, if you would like to transfer to the next scheduled class, you may do so for a $75 non-refundable fee.Only two course transfers are allowed before the student must re-enroll.