CCP Program > Course Description
Certified Credit Professional
The Certified Credit Professional, CCP (formerly FCI Fellow Credit Institute) professional curriculum is designed to provide students with the management skills and confidence to assume a leadership role in their chosen profession. The Credit Management (CR1), Advanced Credit Management (CR2), Managing Credit with Information Technology (CR3) and Canadian Credit Law (CL1) courses are developed for the Credit Institute by leading subject matter experts and academics with a focus on mercantile credit risk management. The remaining four courses, which are financial accounting, corporate finance, economics, and business communications, are provided through strategic alliances with other educational partners.
The CCP program is structured to ensure graduates are knowledgeable in all areas of credit management. Graduates are qualified to manage a credit department, whether the requirement is consumer, construction, mercantile or international credit.
The Credit Institute of Canada's educational agreement with CGA integrates 4 courses and exams from the foundation levels of the CGA program into the CCP Program. These courses include accounting, economics, communications, and finance. In total, the national credit management certificate program consists of 8 courses, 4 of which are general financial management, and 4 are in-depth credit management as well as credit law, leading to the professional designation – CCP.
The CCP program is designed for independent study and enhanced by online learning and optional lectures, which are available in many locations. The CCP Program must be completed within a seven-year period, however it can be completed as quickly as two to three years. Prior to graduation, students must obtain five years of practical experience in a credit position. Designated CCPs are bound by a code of professional ethics and participate in a professional development program.
Click on the course codes below to see descriptions
FN1 - Corporate Finance Fundamentals
As part of the CCP program: $768
This foundation course in managerial finance focuses on the major decisions made by the financial executive. Content includes analysis of the financial environment and its components; the determinants of interest rates; strategic decisions in capital budgeting; cash flow estimation; the cost of capital; working capital management; and financial planning. Computer spreadsheets are used to demonstrate concepts and provide practice in basic financial analysis.
Prerequisite: FA1 & EM1
Individuals employed in a credit-related position or aspiring to a career in credit are eligible to enrol in the program. Recognizing that many organizations are increasingly seeking CCP graduates or students to hire for credit positions, the Credit Institute allows enrollment in its certification program even before obtaining related employment. Mature students who have not studied for some time are encouraged to prepare for their return to an academic program by completing the Credit Institute of Canada's Credit Basics Program, and/or participating in seminars/courses in basic mathematics (algebra), time management, and study skills.
Benefits of A Professional Designation
The CCP designation provides assurance to the business community that you have the level of professional training to successfully manage a credit department and to function as part of the management team. Designated members of the Credit Institute earn the respect of their peers and senior management throughout their careers by maintaining knowledge and skills through a Professional Development Program and by adhering to the Code of Ethics.
Credit Specialist - CRSP
A Credit Specialist (CRSP) certificate is presented to students upon successful completion of the first five courses in the CCP program: Financial Accounting (FA1), Economics (EM1), Law (CL1), Credit Management 1 (CR1) and Finance (FN1). Three years of practical experience in a credit position and CIC membership are required.
The entire program is designed for independent study. The use of web-based technologies provides students with a wide range of support opportunities, including access to an on-line course tutor and study group. Students enrolled in the Credit Management courses can participate in an online discussion area and a student network group. The program is administered through four sessions per academic year. It is suggested that students enroll in at least 3 of these sessions. Successful completion of the CCP Program requires commitment, self-discipline, organization and planning.
We also have an agreement with the Centennial College in Toronto for an in-class program. For more information, contact us at the National Office.
Each CCP course incorporates weekly lessons. Online assignments and quizzes evaluate students' progress and are assessed for up to 50% of the final course grade. For information on specific course and other assignment related details, consult the Student Handbook available online.
Minimum Passing Grades
A three-hour examination is written at the end of each course. The final mark for a course is calculated as a combination of marks obtained on term assignments and the final exam. The minimum passing grade for CR1, CR2, CR3 and CL1 is 65%. For all other courses (CM1, EM1, FA1, FN1, MS1) the passing grade is 55%. Students must have an average of 60% in all 8 courses in order to graduate. Anyone planning to transfer their CCP course credits to CGA or other institutions must achieve a grade of 65% and higher.
Exemptions for CR1, CR2 and CR3 will not be considered. Only CM1, EM1, FA1 and FN1 courses may be exempted. Exemptions may be granted for courses taken at recognized universities and colleges, providing the course content and standards are deemed to be equivalent. A fee of $150.00 + GST/HST will be assessed for each exemption granted and is payable with submission of the Enrollment Application.
Students requesting course exemptions must complete and forward the Application for Advanced Standing, accompanied with original transcripts of marks, to the national office of the Institute. Students who have completed related courses outside of Canada should also provide a course syllabus if available. A non-refundable evaluation fee of $60.00 + GST/HST must accompany the request for exemptions.
Recommended Computer System
Windows 7 or
Windows Vista Service Pack 1
Internet Explorer 9
Microsoft Word, Excel, and PowerPoint 2007 or 2010
Acrobat Reader 10.x
Windows Media Player 11.x
Adobe Flash Player (most up-to-date version)
RealPlayer (most up-to-date version)
Textbook material on publishers’ websites may require additional software be installed.
Minimum Computer System
Students who already own or have access to an older generation of computer should determine the appropriateness of their system for use during the 2012/13 academic year. Briefly, the minimum system for students includes:
Intel Core 2 Duo or equivalent CPU
2 GB Memory
Up to 20 GB free hard drive space
Video card with 128MB onboard memory and DirectX technology
Monitor with 1024 X 768 resolution
Sound card and speakers
High-Speed Internet connection
Any Windows-compatible printer
The Credit Institute of Canada reserves the right to require students to upgrade their hardware configuration in future years to meet new software requirements.