CCRA

The Certified Credit and Risk Analyst^SM (CCRA^SM) Designation is an academic-based designation which signals mastery in the analysis and interpretation of financial statements and the ability to make informed credit risk assessments. The NACM Career Roadmap is not required for this designation. The final exam for the Financial Statement Analysis 2: Credit and Risk Assessment course will serve as the designation exam.

The three courses needed to qualify for this designation are:

1. Basic Financial Accounting
2. Financial Statement Analysis 1
3. Financial Statement Analysis 2: Credit and Risk Assessment

View Course Options to Work Towards your CCRA.

 

How to Apply for the CCRA Designation

Submit the following to the NACM Education Department:

1. The Education Department Registration Form.
2. Course grade transcripts for Basic Financial Accounting and Financial Statement Analysis 1 if not taken through NACM-National.
3. Official college transcripts. Transcripts must be received directly from your college.
4. The CCRA Registration Form.

How to Complete the Required Courses:

Basic Financial Accounting

The basic financial accounting course should be completed before the financial statement analysis course. The Basic Financial Accounting course requirement can be fulfilled by successfully completing either:

1. One full semester or two quarters of basic financial accounting at a college or
2. NACM-National's online accounting course. This course is an appropriate method of study for those with some accounting experience or a basic working knowledge of accounting or
3. Your local NACM Affiliated Association sponsored course.

Financial Statement Analysis 1

The Financial Statement Analysis 1 course requirement can be fulfilled by successfully completing either:

1. One full semester or two quarters of basic financial statement analysis at a college
   or
2. NACM-National's online Financial Statement Analysis 1 course through the NACM Credit Learning Center, or
3. The certificate session, when offered at NACM's National Headquarters or
4. Your local NACM Affiliated Association sponsored course.

Financial Statement Analysis 2: Credit and Risk Assessment

The Financial Statement Analysis 2: Credit and Risk Assessment course requirement can be fulfilled by successfully completing either:

1. The certificate session when offered at NACM's National Headquarters or
2. The certificate session when offered at NACM's Credit Congress

The Continuing Education Unit (CEU) is designed to facilitate recording, accumulating and exchanging standardized information about individual participation and learning achievement in continuing education experiences. The CEU concept is designed to accommodate a wide variety of continuing education opportunities. The number of CEUs to be awarded can be determined only after the program or activity has been designed and the schedule has been established. It provides individuals with recognition for their efforts to update or broaden their knowledge, skills or attitudes. Probably the two most common uses of a CEU record or transcript by the individual learner are:

What Is a CEU?

The continuing education unit is a standard of measure for continuing education or training. The criteria was developed by the International Association for Continuing Education and Training (IACET). IACET defines the CEU “as ten contact hours of participation in an organized continuing education experience under responsible sponsorship, capable direction, and qualified instruction.” In other words, one CEU equals 10 hours of instruction included in a specified continuing education program or activity.

The number of contact hours of instruction and appropriate CEUs to be awarded are determined prior to conducting a learning experience. The award can only be made after the purpose and intended learning outcomes, requirements for satisfactory completion, content and content level, format, instructional methodology, instructional staff and time schedule of the program have been established. A decision to award CEUs cannot be made after the program or activity has been offered.

The 60-minute clock is used as the contact hour in all continuing education experiences. Only the number of complete instruction hours is considered in assigning CEUs. To determine the number of contact hours, count the hours in the program and subtract refreshment breaks, lunches and other activities not directly part of the instructional experience. The following are not included when calculating the number of instructional contact hours for any continuing education experience: