Columbia, Maryland: March 11, 2013â€”Educational certifications are an essential tool in the continuing advancement and growth of many business professionals. They provide the means by which individuals, especially those new to any industry or field, can expand their knowledge and alert prospective employers to their expertise. At the same time, in order to meet the needs of these professionals in a continually-evolving business climate, it is imperative that these professional designation programs also evolve. The National Association of Credit Management (NACM) has completed the most current review of its Certification Program, and is pleased to announce its latest world-class designation: the Certified Credit and Risk Analyst (CCRA) designation.
The CCRA was created after NACM's Education Department updated the Certified Business Fellow (CBF) designation program and one of the required certificate courses, Financial Statement Analysis II, which was renamed Financial Statement Analysis, Interpretation and Credit Risk Assessment to better reflect its emphasis. The updated course is now the cornerstone of the CCRA. "We realized that Financial Statement Analysis II wasn't for everyone, and that it was a bit of a roadblock to the CBF for some members. However, we also recognized that some credit and finance department personnel need that in-depth, advanced financial analysis background, which is why this designation was created," said NACM President Robin Schauseil, CAE.