Credit Business Fellowsm
(CBFsm) Exam Study Guide
About this
Guide:
This guide is a listing of suggested study topics for the Credit
Business Fellow (CBF) designation exam. The study topics are based
on textbooks recommended and used by NACM. All textbooks listed
may be purchased through the NACM
Bookstore. This outline is intended to be used as a general
guide for preparing for the examination. In-depth preparation
(additional texts, study sessions, seminars, self-study courses,
etc.) is recommended in conjunction with reviewing the material
within this study outline.
About the Exam:
The CBF exam typically consists of approximately 125-150 multiple
choice and true/false questions having equal point values. Candidates
may take up to three hours to complete the exam and may use a
hand-held calculator during the exam. Additionally, candidates
will be given a list of ratio formulas with the exam. The exam
covers topics presented in the CBF required courses:
- Business Law (the law of contracts and negotiable
instruments)
- Credit Law
- Financial Statements: Interpretation and
Credit Risk Assessment
Candidates may not use notes, reference
materials, or books during the exam. Candidates must earn a final
score of 70% to pass the exam. If you are uncertain about the
references listed or the topics noted or have questions, please
be sure to contact the National Education Department for clarification
prior to the exam.
Suggested Reading:
While the following list is based on the texts used by NACM, other
college textbooks may be substituted. You should compare the topics
listed in this guide with topics presented in any alternative
texts used to prepare for this exam.
Topics to review in Financial Statement Analysis (10th
Edition) by Charles Gibson
Chapter 1: Introduction to Financial Reporting
Chapter 2: Introduction to Financial Statements & Other Financial
Reporting Topics
Chapter 3: Balance Sheet
Chapter 4: Income Statement
Chapter 5: Basics of Analysis
Chapter 6: Liquidity of Short-Term Assets/Related Debt-Paying
Ability
Chapter 7: Long-term Debt-Paying Ability
Chapter 8: Profitability
Chapter 9: For the Investor
Chapter 10: Statement of Cash Flows Summary Analysis: Nike, Inc.
Chapter 11: Expanded Analysis
Chapters 6, 7, 16, and 17 from the
Essentials of Finance text should also be reviewed for the CBF
exam.
Topics to review Business Law Today (7th edition) by
Miller and Jentz
Chapter 1: The Legal Environment
Chapter 2: Constitutional Law
Chapter 3: Courts and Alternative Dispute Resolution
Chapter 4: Torts and Cyber Torts
Chapter 5: Intellectual Property and Internet Law
Chapter 6: Criminal Law and Cyber Crimes
Chapter 7: Ethics and Business Decision Making
Chapter 8: Nature and Classification
Chapter 9: Agreement
Chapter 10: Consideration
Chapter 11: Capacity and Legality
Chapter 12: Genuineness of Assent
Chapter 13: The Statute of Frauds
Chapter 14: Performance and Discharge
Chapter 15: Breach and Remedies
Chapter 16: Third Party Rights
Chapter 17: E-Contracts
Chapter 18: The Formation of Sales and Lease Contracts
Chapter 19: Title and Risk of Loss
Chapter 20: Performance and Breach of Sales and Lease Contracts
Chapter 21: Warranties and Product Liability
Chapter 22: Negotiability and Transferability
Chapter 23: Rights and Liabilities of Parties
Chapter 24: Checks, the Banking System, and E-Money
Chapter 25: Secured Transactions
Chapter 26: Other Creditors’ Remedies and Suretyship
Chapter 27: Bankruptcy
Chapter 28: Agency Relationships in Business
Chapter 29: Sole Proprietorships and Franchises
Chapter 30: Partnerships
Chapter 31: Limited Liability Companies and Special Business Forms
Chapter 32: Corporate Formation and Financing
Chapter 33: Corporate Directors, Officers, and Shareholders
Chapter 37: Antitrust Law
Chapter 38: Consumer Law
Chapter 39: Environmental Law
Chapter 42: Liability of Accountants and Other Professionals
The National Education Department
The National Association of Credit Management
8840 Columbia 100 Parkway
Columbia, MD 21045-2158
Telephone: 410/740-5560
Fax: 410/740-5574
E-Mail:
