Education Home
Credit Administration Program (CAP)
CAP and ACAP Program Overview
CAP Course Information
ACAP Course Information
Professional Designation Program
CBA Designation Exam Study Guide
CBA Online Designation Practice Exam
CBF Designation Exam Study Guide
CCE Designation Exam Study Guide
Mid-Career School:
Intermediate Financial Analysis

Advanced Issues in Financial Analysis
Graduate School of Credit
& Financial Management

Professional Designation Holders'
& GSCFM Alumni Directory

Self-Study Courses
Financial Analysis Demo Software
Teleconferences

NACM Home

Self-Study Courses
Self-Study Training
Self-Study training is an alternative educational process that allows you to learn independently at your own pace. Self study training is. . .
    Flexible: presented in a convenient format, allowing you to study at your own pace and on your own time. You can take up to 12 months to complete any course title.

    Measurable: measure your knowledge through a variety of testing components, pre-tests, post-test, case studies and quizzes. The material, techniques and exercises are practical and realistic.

    Cost effective: reduce costs by eliminating time out of the office.

    Recognized: continuing education unit (CEU) credits give you a permanent record of educational and career development efforts.

    Job relevant: courses stress "how to" information for immediate, on-the-job use.


Self-Study courses offered by NACM are written and designed by business and educational experts. You'll get the latest management information, "how-to explanations", practical examples, and real solutions to your daily challenges. Easy-to-use checklists, charts, graphs, illustrations, quizzes, and real-world interactive simulations reinforce your learning.

To order a course, please visit the NACM Bookstore.

Self-Study Courses Available through NACM
Courses valid toward CCE Recertification are shown with an asterisk.

  • Achieving the Competitive Edge with Customer Service*
  • Advanced Credit & Financial Analysis
  • Business Communications
  • Collecting Past-Due Accounts
  • Credit & Financial Analysis
  • Fundamentals of Human Resources
  • Getting More Done Through Delegation
  • How to Plan and Conduct Productive Performance Appraisals
  • How to Plan and Manage Your Company Budget
  • How to Prepare a Financial Forecast*
  • How to Read and Interpret Financial Statements
  • Introduction to Credit Analysis
  • Keeping Customers for Life*
  • Leadership Skills for Managers*
  • Successful Negotiating*
  • What Managers Do



Achieving the Competitive Edge with Customer Service
Turn your company's customer service department into a stable, long-term profit center by mastering all the tricky ins and outs of organizing (or reorganizing) and managing it efficiently.

You'll learn to:
  • open up new revenue opportunities by taking a proactive approach to customer relations
  • and conduct periodic customer service audits that will help you identify strengths and pinpoint areas of opportunity.

    CEUs: 2 / Valid toward CCE Recertification.

    #94050. $190, $150 NACM Members



    Advanced Credit & Financial Analysis
    Senior credit executives, financial managers and credit managers will benefit from this course.

    Course contents:
  • factors affecting corporate earnings and liquidity
  • measuring risk
  • return on capital
  • sources of capital and use of funds
  • capital asset planning
  • cash flow analysis

    CEUs: 4.8
    This course satisfies the CBF Financial Statements Analysis II course requirement.

    #620. $199.95 Non-Member/NACM Members



    Business Communications
    Good, clear writing can sharpen your competitive edge. Part one, The Fundamentals of Business Writing, will help you master writing so your ideas are clear. Part two, Communication Skills for Managers, will teach you how to communicate clearly.

    You'll learn to:
  • master the techniques of public speaking, from initial planning to actual presentations.
  • express your ideas clearly and concisely in every report and proposal you write.
  • use words to express thoughts; keep sentences and paragraphs short; keep thoughts simple.

    Table of Contents:
    1. Diagnostic letter
    2. Formatting
    3. Wordsmithing
    4. Subjects That Fail to Act
    5. Verbs That Create No Images
    6. Personalizing
    7. Analyze the Audience
    8. Organize the Document
    9. Write
    10. Revise

    CEUs: 3
    This two-part course satisfies the CBA-Plan A Business Communications course requirement.

    #95067. (Part One) #95047 (Part Two). $280, $225 NACM Members



    Collecting Past Due Accounts
    Collecting Past Due Accounts is a course for credit managers, new collectors or seasoned pros who need to put the brakes on "runaway" receivables, pull in more dollars from telephone calls or overcome debtor's stalls and excuses. This course will show you how to pick a collection strategy that works for each account.

    Course contents:
  • proven strategies to collect more money faster-from more accounts
  • new techniques that significantly improve results from letter or telephone efforts
  • strengthening overall control of receivables from moment of sale until final payment

    Table of Contents:
    1. Understanding Policy
    2. Credit Account Processing
    3. Collection Basics
    4. Collection Letters
    5. Telephone Collections
    6. Handling Debtors' Excuses
    7. Special Collection Problems
    8. International Collections
    9. Automated Systems
    10. The Legal Aspects of Collection

    CEUs: 2
    This course, combined with the Introduction to Credit Analysis (#55) course, satisfies the CBA-Plan A Business Credit Principles course requirement.

    #09. $175.95 Non-Members/NACM Member



    Credit and Financial Analysis
    The Credit and Financial Analysis course is designed for credit executives, loan officers, business owners, accountants, and financial and marketing managers.

    Course contents:
  • approving credit and setting lines for new and established customers
  • selling marginal accounts successfully
  • controlling collections and protecting against bad debt losses
  • evaluating customer or prospect potential
  • structuring credit policies, methods of selling and terms to maximize revenue and profits

    CEUs: 4.2

    #22. $175.95 Non-Members/NACM Members



    Fundamentals of Human Resources
    The Fundamentals of Human Resources course is a comprehensive guide on virtually every aspect of human resources management. It will enable you to develop an effective human resources plan based on the needs of your organization.

    You'll learn to:
  • recruit, select, interview, and hire more qualified employees in full compliance with federal and state laws.
  • perform job analysis and prepare job descriptions that lay the groundwork for hiring and evaluating employees, using sample job descriptions and performance appraisal forms.
  • develop a cost-effective, competitive compensation and benefits program that will substantially reduce employee turnover.
  • train and motivate every worker at every level to get the results where they count on the bottom line.

    Table of Contents:
    1. Organization Productivity-The Primary Goal
    2. Human Resources Planning
    3. Job Analysis and Performance Standards
    4. Recruitment and Selection
    5. Wage and Salary Management
    6. Employee Benefits
    7. Newly Enacted Statutory Benefits
    8. Human Resources Training and Development
    9. The Law and Ethical Issues in Human Resources Management
    10. Labor Management Relations

    CEUs: 2

    #95074. $190, $150 NACM Members



    Getting More Done Through Delegation
    This course will show you how, when and what to delegate to whom so you'll have more time to manage, and you and your employees will have the opportunity to take on more challenging tasks.

    You'll learn to:
  • create a positive climate for delegating by fostering a spirit of cooperation and trust.
  • give employees the authority and responsibility they need to get the job done.
  • avoid common mistakes of delegation, including reverse delegation.
  • identify which types of tasks and responsibilities should be delegated and which ones shouldn't.

    CEUs: 2

    #92029. $190, $150 NACM Members



    How to Plan and Conduct Productive Performance Appraisals
    This course shows you how to set realistic performance objectives, conduct effective appraisal interviews, give and receive feedback, analyze individual performance and write results-oriented job descriptions, identify employee training and development needs, involve employees in the appraisal process, and handle difficult performance appraisals.

    You'll learn to:
  • motivate employees to improve their performance and productivity through improved two-way communications.
  • plan, review, and appraise performance fairly and effectively.
  • work with difficult employees to improve job performance.

    CEUs: 2

    #94060. $190, $150 NACM Members



    How to Plan and Manage Your Company Budget
    This course will show you how to develop and maintain an effective, company wide budgeting system, one that helps managers implement departmental budgets that support and contribute to the goals of the company as a whole.

    You'll learn to:
  • design a long-term financial plan using key value drivers.
  • apply proven budgeting and control techniques in an activity-based management environment.
  • use contribution margin, income statements, and profit-volume analysis in your profit planning.
  • understand the relationship between budgeting and strategic planning.
  • prepare cash budgets and performance statements using turnover standards.
  • calculate standard costs and variances for materials and labor.

    CEUs: 2

    #95075. $190, $150 NACM Members



    How to Prepare a Financial Forecast
    This course shows managers how to produce reliable financial forecasts and projections that serve as the basis for crucial business decisions in long-range planning. It includes a special chapter on computing technology for forecasting.

    You'll learn to:
  • distinguish between financial forecasting, planning, and modeling.
  • evaluate the three crucial factors that must be analyzed and recognize the biases that might affect your forecasts.

    Includes computer disk with Lotus 1-2-3 practice files! The files are compatible with most Macintosh and Windows-based spread-sheet programs. They're referenced in the text and designed to give you hands-on experience. While access to a computer will enhance your learning, the use of a computer is not required to successfully complete this course.

    You should have a thorough understanding of basic accounting and basic financial analysis concepts before attempting to complete this intermediate level course. No advance preparation work is necessary.

    CEUs: 2 / CPE credits: 24 / Valid toward CCE Recertification.

    #95022. $190, $150 NACM Members



    How to Read and Interpret Financial Statements
    This course explains in detail the three main financial statements, the Balance Sheet, the Income Statement, and the Statement of Cash Flows. You'll be able to analyze each and relate them to the overall health of your business.

    You'll learn to:
  • view financial statements in the context of external economic conditions.
  • read and interpret balance sheets, income statements, and statements of cash flows from a management perspective.
  • apply the right type of analysis - ratio, vertical, horizontal - to the right statement, to uncover the information you need.

    Table of Contents:
    1. Financial Statement Analysis
    2. Types of Financial Statements
    3. The Balance Sheet
    4. The Balance Sheet: Liabilities & Owners' Equity
    5. The Income Statement
    6. The Statement of Cash Flow
    7. Balance Sheet Analysis
    8. Income Statement Analysis
    9. Analysis of Operational Results

    CEUs: 2
    This course satisfies the CBA-Plan A Financial Statement Analysis I course requirement.

    #94073. $190, $150 NACM Members



    Introduction to Credit Analysis
    This course benefits those new to the credit function and those who want a refresher. It's for credit, sales, financial and collections personnel.

    You'll learn to:
  • apply credit principles.
  • understand the financial process.
  • understand the fundamentals of balance sheet analysis.
  • conduct confident evaluation of customer accounts.

    CEUs: 2
    This course, along with the Collecting Past Due Accounts (#09) course, satisfies the CBA Plan A Business Credit Principles course requirement.

    #55. $159.95 Non-Member/NACM Members



    Keeping Customers for Life
    A satisfied customer is a loyal customer. This course will set you on the path to 100% customer satisfaction and become your "bible" for achieving service excellence.

    You'll learn to:
  • apply the "I.D.E.A." process (Identify, Diagnose, Explore, and Act) for resolving complaints and solving customers' problems.
  • seize Customer Service Opportunities (CSO).
  • empower your frontline contact people to be proactive customer champions.

    CEUs: 1 / Valid toward CCE Recertification.

    #95043. $190, $150 NACM Members



    Leadership Skills for Managers
    Managing in today's dynamic, diverse workplace demands a new type of leadership. The new leaders must be visionaries, change agents, coaches, and emperors. Leadership Skills for Managers outlines the skills necessary to fulfill this challenging, changing, and rewarding leadership role.

    You'll Learn to:
  • empower and motivate employees to peak performance by responding to employees' human needs sensitively and flexibly.
  • manage change in a positive, proactive way by clearly communicating your expectations, objectives and goals for your group and its individuals.
  • lead a diverse workforce with a leadership style that works for you and your company.

    Table of Contents:
    1. Leadership for the Future
    2. The New Leadership Role
    3. Leadership Research
    4. The Leadership Arena
    5. Power and Leadership
    6. Leadership Patterns
    7. Vision: The Starting Place of Leadership
    8. Gain Followers: The Key Ingredient of Leadership
    9. Empowering Others; Motivation that Works
    10. Effective Leadership through Communication
    11. Leadership and Change
    12. Leading the Diverse Work Force
    13. Leadership and Business Ethics

    This intermediate level course is designed for those with a basic understanding of management related topics. The completion of a basic college principles of management course, such as Management 101 or Principles of Management, is recommended. No advance preparation is required.

    CEUs: 2 / CPE credits: 24 / Valid toward CCE Recertification.

    #95068. $190, $150 NACM Members



    Successful Negotiating
    Make every bargaining situation a win/win proposition. Very few of us are born negotiators. Get a firm grasp of negotiating tricks and techniques that pros use.

    You'll learn to:
  • sway an opponent with timing and association techniques.
  • identify an opponent's real but often hidden needs.
  • use questions to control the thrust of a discussion.
  • employ proven strategies like the "missing man," "straw issues" and "walkout" ploys.
  • communicate a position clearly and precisely.

    CEUs: 2 / Valid toward CCE Recertification.

    #95024. $190, $150 NACM Members



    What Managers Do
    This will show you how to improve your performance in key areas such as planning, organizing, staffing, directing, and controlling.

    You'll learn to:
  • analyze your job, examine its functional components, spot your weaknesses, and then take concrete steps to correct them through motivation, delegation and time management.

    CEUs: 2
    This course satisfies the CBF Principles of Management course requirement.

    #95028. $190, $150 NACM Members


    To order a course, please visit the NACM Bookstore.

    Each course requires successful completion of an exam or test. A certificate is awarded upon completion of each course. All self-study courses must be completed within 12 months after receipt of materials. Self-study courses may be returned within 30 days of receipt provided that they have been unused and are in mint condition.

    Continuing Professional Education (CPE) Credits are awarded based on a 100-minute hour. NACM is registered with the National Association of State Boards of Accountancy as a sponsor of continuing education on the National Registry of CPE sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses. Complaints regarding registered sponsors may be addressed to NASBA, 150 Fourth Avenue, Suite 700, Nashville, TN 37219-2417; 615/880-4200. NACM's registry number is 103061. Self-study courses are copyrighted by the American Management Association or by Dun & Bradstreet.