CCP curriculum changes - click here to learn more

Certified Credit Professional Program

Overview

The Certified Credit Professional (CCP) curriculum 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 Management (CR1), Fundamentals in Business (FB1), Advanced Credit Management (CR2), Managing Credit with Information Technology I (CR3-I), Managing Credit with Information Technology II (CR3-II) 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 two courses, Financial Accounting, and Corporate Finance, are provided through strategic alliances with other educational partners.

The CCP program is designed for independent study and enhanced by online learning and optional lectures. The program is designed to fit your busy lifestyle. 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.


Program of Professiional Studies and Services


The CCP Designation Roadmap

Enrollment

Individuals employed in a credit-related position or aspiring to a career in credit are eligible to enroll in the program. Recognizing that many organizations seek to hire CCP graduates or students to hire for credit positions, the Credit Institute allows enrollment in its certification program even before obtaining related employment.

New students are advised to register early to ensure time for transcript evaluation, software setup and computer skill development. Applications are accepted until the identified deadline dates. Applications received after the deadline may be considered at the discretion of the Credit Institute and will be subject to a late processing fee of $50 (plus HST).

Admissions information

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Program Courses

Click on a course code below to navigate to the description.

FB1 - Fundamentals in Business

In today’s marketplace, well-rounded credit professionals must understand basic business fundamentals to succeed. This course provides an introduction to the general concepts of business and management. Topics covered include economics, marketing, industry analysis, negotiations, entrepreneurship, leadership and people management. The course also places an emphasis on the written and oral communications skills necessary in a business environment. During completion of this course, students are expected to use the skills learned to research and analyze data about a business. Part of the course work will require students to write and present an analysis of a business.

Cost: $790

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CR1 - Credit Management

This course will provide students with the knowledge required to manage a credit department. Topics covered in this course include credit department policy, credit investigations and information systems relative to mercantile and consumer credit, financial statement analysis, securities, risk evaluations, collections, bankruptcy and insolvency, and credit department organization and reporting.

Cost: $790
Note: Cours dispensés en anglais et en français

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CR3-I - Managing Credit with Information Technology I

This course is specifically designed to enhance the analytical skills of credit professionals. The first half delves into some of the basic to intermediate features and functions of Microsoft Excel. Working through a series of audio video lectures, miniexercises and assignments, students learn how to slice and dice data to gain deeper insights and become more efficient performing their daily work.

The latter part of the course takes students on a discovery journey of Microsoft Access. It introduces the concepts of tables, queries, forms and relationships. These concepts are key to understanding how relational databases work. To add perspective, a sample collection portfolio management database, built with MS Access, is used to demonstrate some of the tasks that credit professionals perform routinely: creating a followup list of customers, aging report, ‘approaching credit limit’, and ‘over credit limit’ reports, etc...

Cost: $745
Prerequisite courses: CR1
Note: Students must have access to MS Excel, MS Access, MS PowerPoint.
These applications are available in digital format for purchase through the Institute of Canada: MS Office Suite - $135.00 + HST.

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CL1 - Canadian Credit Law

Canadian Credit Law is a unique course developed to meet the needs of credit professionals who need to understand how the Canadian legal system impacts their work. The information is presented in straightforward language that does not require a legal background.

This course was developed exclusively for the Credit Institute of Canada by Laurence M. Olivo. M.A., J.D., a professor in the School of Legal and Public Administration at Seneca College and the author of over a dozen law texts and several internet courses on legal subjects. The course marker, Patricia Sullivan, graduated from the University of Ottawa with a law degree and was called to the Bar in 1984. She worked in a law firm and since 1988, has been teaching at Centennial College in Toronto, where she is currently the Coordinator of the Law Clerk and Court Support Services Programs. She has also reviewed the Business Law exams for the CGA association.

Cost: $790
Note: Cours dispensés en anglais et en français

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CR2 - Advanced Credit Management

This course covers specific, specialized areas of credit management. Students will become familiar with international credit management, construction credit management, leasing, piercing the corporate veil, U.S. bankruptcy law, credit fraud and introduction to E-commerce.

Cost: $845
Prerequisite: CR1
Note: Cours dispensés en anglais et en français

Enroll today


CR3-II - Managing Credit with Information Technology II

In today’s work force, the use of information systems is ever-present. Ranging from order processing to predictive analytics, to accounting and credit risk management, information technology has become entrenched in almost every aspect of our work. This course presents some of the core principles of Management Information Systems (MIS) essential to many business functions. The focus is to equip credit professionals with the understanding that will make them better knowledge workers. After completion of this course, students will have an appreciation of what information systems can and cannot do, and be able to make meaningful contributions in the implementation of solutions to achieve business objectives.

Cost: $745
Prerequisite courses: CR3-I

Enroll today


Financial Accounting

Beginning in September 2015, Credit Institute students will be able to take the following online equivalency course through the University of Winnipeg with no evaluation or transfer fees applying:

Credit Institute of Canada Course

University of Winnipeg equivalency course


Financial Accounting

Fundamentals of Financial Accounting – BUS-2002
available in Fall 2015 & Spring 2016


Cost: $336.60
Applicatioin fees (non-refundable):

  • Domestic (Canadian) -- $80
  • International -- $110
  • Continuing -- $40
  • Visiting -- $110

Textbook fee (students to purchase directly from Wiley):

  • Financial Accounting: Tools for Business Decision-Making, 5th Canadian Edition
  • Wiley E-Text -- CDN $54.50 BUY
  • Loose-leaf -- CDN $94.95 BUY
  • Hardcover -- CDN $136.95 BUY

Enroll with the University of Winnipeg.

Students are welcome to source out alternate Financial Accounting and Corporate Finance equivalency courses; most Canadian Universities and Colleges offer them. Students can check the transfer credits section for Finacial Accounting & Corporate Finance equivalency. Please note, an evaluation fee and transfer credit fees will apply. If you have any questions, don't hesitate to contact us at 1-888-447-3324, we would be happy to answer any questions.


Corporate Finance

Beginning in September 2015, Credit Institute students will be able to take the following online equivalency course through the University of Winnipeg with no evaluation or transfer fees applying:

Credit Institute of Canada Course

University of Winnipeg equivalency course


Corporate Finance

Corporate Finance
tentative availability semester Winter 2015


Enroll with the University of Winnipeg.

Students are welcome to source out alternate Financial Accounting and Corporate Finance equivalency courses; most Canadian Universities and Colleges offer them. Students can check the transfer credits section for Finacial Accounting & Corporate Finance equivalency. Please note, an evaluation fee and transfer credit fees will apply. If you have any questions, don't hesitate to contact us at 1-888-447-3324, we would be happy to answer any questions.


Transfer Credits

Course Exemptions
Exemptions for FB1, CL1, CR1, CR2, CR3-I, and CR3-II will not be considered. Only the Financial Accounting and Corporate Finance courses may be exempted.

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 for evaluation. Transfer courses will be considered where courses have been completed within the last ten years. Exemptions may be granted for equivalent courses taken at recognized universities and colleges, providing the course content and standards are deemed to be equivalent. In addition to transcripts, students seeking exemptions for courses completed outside of Canada should submit course syllabus and/or the institution’s course catalogue descriptions. Students with related practical experience should also forward a detailed employment résumé. Students who have completed related courses outside of Canada should also provide a course syllabus if available.

Please note that a fee of $150 + GST/HST per transfer credit will be charged for each exemption granted.

A non-refundable evaluation fee of $60.00 + GST/HST must accompany the request for exemptions.

Advanced Standing Process

  1. Review the list of recognized institutions and courses.
  2. Submit completed Advanced Standing Application form by email, fax, or in person.
    Credit Institute of Canada
    c/o CCP Application and Registration

    219 Dufferin Street
    Suite 216C
    Toronto, ON M6K 3J1
    Telephone: 416-572-2615
    Fax: 416-572-2619
    Email: ccp@creditedu.org
  3. Include the evaluation fee of $60.00 + HST/GST with the submission of your advanced standing application.

Additional Information

Benefits of a CCP 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
A Credit Specialist Certificate is the first step in the pursuit of the CCP designation. Students achieve the credit Specialist Certificate by successfully completing the following courses:

  • Fundamentals in Business
  • Credit Management
  • Managing Credit with Information Technology I
  • Canadian Credit Law

Three years of practical work experience in a credit position and CIC membership are required.

Study Method 
Successful completion of the CCP Program requires commitment, self-discipline, organization and planning.

The entire program is designed for online delivery. The use of Internet/web-based technologies provides students with a wide range of support opportunities, including access to an online course tutor and study group. The program is administered through four sessions per academic year. It is suggested that students enroll in at least three of these sessions per year.

Assignments
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.

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 is 65%.

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.

Apple (Mac) operating systems are not supported.

Minimum Computer System
Students who have access to an older generation computer should determine the appropriateness of their system for use during the 2015/16 academic year. The minimum system for students includes:

Intel Core 2 Duo or equivalent CPU
2 GB Memory
Up to 20 GB free hard drive space
DVD/CD-ROM drive
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.

Testimonials

  • "If there is one thing that made me get through the FN1 course, it was really the online Review Session that we were offered. This was instrumental in understanding a few of the toughest parts of the course. Our instructor, Edward, was great as he went over what we students were struggling with and he made us understand it and this was so beneficial."

    - Maria Matalone, CCP, FGL Sports

  • "The Certified Credit Professional program enabled me to obtain a comprehensive education which prepared me well for the complexity of today’s business environment. It provided a deep understanding of the credit disciplines, broadened my financial skills and business management knowledge. I found the program to be of exceptional quality, relevant and current.

    I also enjoyed the flexibility of the program as it allowed me to pursue the program while living in Europe.

    It has definitely added value to my career."

    - Guy Barbeau, MBA, CCP
    Vice President Operations, FixAuto Canada

  • "I have been in the Credit industry for over 20 years and each course in the CCP program is a huge asset to my career. The program is both challenging and rewarding, as each course has taught me skills that I implement consistently in my job. The CR3 course, which I’m currently completing, is a well written course, with immense support from the instructor and the Credit Institute staff. I highly recommend the CR3 course, and the CCP program as a whole."

    - Karen Pike
    Credit and Collections, Tallman Truck Centre Limited

  • "Obtaining my CCP Designation has been one of the best educational and career decisions I have made. The ability to make informed decisions in Credit Risk Management has added value to our company’s bottom line, measured in both customer satisfaction and profitability. The team at the Credit Institute are highly supportive and a pleasure to deal with. I highly recommend all Credit Professionals, at all levels in their career to pursue their CCP Designation, for the rewards will exceed any of their expectations."

    - Barbara Sharp, CCP, CPM
    Accounting Manager, OKI Bering Canada Inc.

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