NACM-BusinessLaw

Business Law Online Course

Click here to view the online course schedule.

Course Details

With the legal environment of business constantly changing, it is imperative to have a solid understanding of the laws that affect business and credit. This course is designed to introduce students to the basics of law, the legalities of contracts and the emerging importance placed upon laws affecting cyber crimes.

The course runs approximately 12 weeks and is instructed by a legal professional. Students will receive a course bundle before the start of the session, which include the course textbook, study guide and online component. During the duration of the course, students must take two proctored exams. Upon successfully completing the course with a score of 70% or higher, students will receive a certificate of achievement and will earn course credit toward the CBF designation Business Law requirement.

 


Earn course credit toward your CBF designation!


Business Law Course Overview

Part I: THE LEGAL ENVIRONMENT OF BUSINESS
  1. The Legal Environment
  2. Constitutional Law
  3. Courts and Alternative Dispute Resolution
  4. Torts and Cyber Torts
  5. Intellectual Property and Internet Law
  6. Criminal Law and Cyber Crime
  7. Ethics and Business Decision Making
Part II: CONTRACTS
  1. Nature and Classification
  2. Agreement
  3. Consideration
  4. Capacity and Legality
  5. Genuineness of Assent
  6. The Statute of Frauds
  7. Performance and Discharge
  8. Breach and Remedies
  9. Third Party Rights
  10. E-Contracts and E-Signatures


 

Work at your own pace independently!

Part III: SALES AND LEASE CONTRACTS
  1. The Formation of Sales and Lease Contracts
  2. Title and Risk of Loss
  3. Performance and Breach of Sales and Lease Contracts
  4. Warranties and Product Liability

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-Accounting

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.

 

 


Earn course credit toward your CBA 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-CreditLaw banner

Credit Law

Click here to view the online course schedule.

Course Details

A continuation of the Business Law course, Credit Law looks more closely at negotiable instruments, debtor-creditor relationships and government regulations.

The course runs approximately 12 weeks and is facilitated by a legal professional. Students receive a course bundle before the start of the session, which includes the textbook, study guide and online component. During the duration of the course, students take two proctored exams. Upon successfully completing the course with a score of 70% or higher, students will receive a certificate of achievement and will earn course credit toward the CBF designation Credit Law requirement. 

 


Earn course credit toward your CBF designation!


Credit Law Course Overview

Part I: COMMERICAL TRANSACTIONS
  1. Negotiable Instruments: Transferability and Liability
  2. Checks and Banking in the Digital Age
  3. Security Interests in Personal Property
  4. Other Creditors' Remedies and Suretyship
  5. Bankruptcy
  6. International Law in a Global Economy
Part II: AGENCY AND EMPLOYMENT LAW
  1. Agency Relationships in Business
Part III: BUSINESS ORGANIZATIONS
  1. Sole Proprietorships and Private Franchises
  2. All Forms of Partnerships
  3. Limited Liability Companies and Special Business Forms
  4. Corporate Formation and Financing
  5. Corporate Directors, Officers, and Shareholders
  6. Corporate Acquisitions, Takeovers, and Termination
  7. Investor Protection, Insider Trading, and Corporate Governance
 
Part IV: GOVERNMENT REGULATION
  1. Administrative Law
  2. Promoting Competition
  3. Consumer Law
  4. Environmental Law

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

 

 


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

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Facilitators

Accounting

Business & Credit Law

Angela Brent

Meredith Mostochuk, CBA

Mark Berman, Esq.

Mary Ann Blackmore, CCE

Accounting:

Angela Harwood Brent
Angela Brent has served as the President and Chief Operating Office of NACM East Tennessee in Knoxville since 2003. She earned a BBA in Accounting from Austin Peay State University, where she was a member of three business and accounting societies. Angela is an approved instructor for NACM's CAP courses. She has also served on the national CAP Instructors Committee as well as the national Honors and Awards Committee.

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.

 

Business & Credit Law:

Mark Berman, Esq.
Mark N. Berman is a member of Nixon Peabody LLP’s Financial Restructuring & Bankruptcy Practice Group, resident in its Boston and New York offices. He hasmore than 30 years of experience with virtually every kind of interest that might be involved with a financially troubled business or individual. His efforts involve both public and privately held companies in the context of formal reorganization or liquidation proceedings as well as out-of-court workouts and restructurings. He has served as counsel to debtors, trustees, creditors and equity committees, boards of directors, individual creditors and equity holders, and he has served as both a Chapter 11 and Chapter 7 trustee. He represents acquirers of business and business assets and provides advice to consultants, liquidators and others involved in the insolvency arena. Mark also works with project finance, public finance, leveraged finance and securitization attorneys at the firm, where he assists in the process of structuring the transaction to create predictability in the context of the potential insolvency of one or more of the participant entities, as well as with the preparation of various documents including “true sale” and “non-consolidation” opinions, intercreditor agreements and subordination agreements used in second lien and mezzanine financings. His public finance efforts have included work on the financing of sports stadiums (Yankees, Mets, Patriots, Jets/Giants, Twins) as well as military housing and real estate developments.

Mark is a 1976 graduate of Boston College Law School and a 1973 graduate of Northwestern University. He is a fellow of the American College of Bankruptcy and has been listed in The Best Lawyers in America since 1989 as well as in America’s Leading Lawyers (Chambers USA) since 2004 for his proficiency in bankruptcy law. He is an active member of the Boston Bar Association where he served as Chairman of the Business Law Section from 1995 to 1997; Chairman of the Bankruptcy Law Committee from 1990 to 1992; a member of the Legislation Committee from 1999 to 2000; and where he is currently a member of the Bankruptcy Law Section’s Steering Committee. Mr. Berman is also a member of the American Bar Association, the Turnaround Management Association and the Loan Syndication & Trading Association. He is a Fellow of the Massachusetts Bar Foundation and is active in the American Bankruptcy Institute where he is on the American Bankruptcy Institute Law Review Advisory Board, was a member of the ABI World Editorial Board and served as co-chair of the 2003, 2004 and 2005 Northeast Bankruptcy Conferences. His articles have appeared regularly in The American Bankruptcy Law Journal, Bloomberg Law Reports, the Journal of Bankruptcy Law and other publications.

Mr. Berman was appointed by the Supreme Judicial Court of the Commonwealth of Massachusetts to serve a five-year term as a member of the Client Security Board from 1997 to 2002, where he also served as Vice Chairman, Secretary and Treasurer. He has taught courses on Business Law and Credit Law for the New England Chapter of the National Credit Institute (an affiliate of the National Association of Credit Management) and currently facilitates an online course in those subjects for the National Association of Credit Management. He also serves as a Group Leader and member of the Gerson Lehrman Group Council, established by the Gerson Lehrman Group, a leading provider of customized consulting and collaboration solutions to corporations, nonprofit organizations and the investment community.

Mary Ann Blackmore, CCE
Mary Ann Blackmore is the Senior Manager of Advanced Debt Recovery at Tech Data Corporation. Tech Data Corporation is a leading distributor of IT products, ranked 107th on the FORTUNE 500®. Mary Ann has over 21 years of credit experience including financial analysis, collections and loss prevention. Her area of expertise is advanced collections working with executive management, external agencies and attorneys to oversee the handling of bad debt, bankruptcies and preference proceedings.

Mary Ann holds a Legal Assistant degree, as well as a Bachelor in Business Management from Eckerd College. She is also a Certified Credit Executive, the highest designation available from the National Association of Credit Management (NACM) and recently completed the NACM Graduate School of Credit & Financial Management at Dartmouth College. She has also been a guest speaker for the Tampa Bay Chapter of Credit and Financial Development Division (CFDD).

Mary Ann is a member of the Credit Research Foundation and is a certified instructor for NACM, teaching Business Credit Principles and Business Credit Law. As a former credit training manager, Mary Ann and her team developed and taught a curriculum of credit, collection, bankruptcy and fraud education.

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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.

Test Your Browser

To ensure that the operating system and browser that you will be using to work on the course are supported by Cengage Learning please confirm at: http://www.wadsworthmedia.com/support/CLMS/browser_requirements.html Other browsers and operating systems may work well; however, the listed configurations are the only configurations that are tested and supported by Cengage Learning.

Required Plugins

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 below. 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 and links to download, please visit: http://www.wadsworthmedia.com/support/CLMS/browser_requirements.html

 

 

 

 

 

 

 

 

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of Credit Management

8840 Columbia 100 Pkwy.
Columbia, MD 21045
Phone: 410-740-5560
Fax: 410-740-5574

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