NACM Unveils New Designation to Focus on Advanced Financial Analysis

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Columbia, Maryland: March 11, 2013—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.

The CCRA will serve as a key program for credit and finance professionals tied to deeper financial analysis responsibilities, and for those who will be in the future. It is also designed to build background and add key skill sets for those already pursuing other NACM designations or similar certifications. The CCRA joins NACM's family of designations, which domestically is comprised of the Credit Business Associate (CBA), Credit Business Fellow (CBF) and Certified Credit Executive (CCE), and internationally of the Certified International Credit Professional (CICP) and the International Certified Credit Executive (ICCE), offered through NACM's international division, the Finance, Credit and International Business Association (FCIB).

"NACM and FCIB's professional designation programs have always helped credit and financial professionals stand out in their field and increase their value to their companies," said Schauseil. "The CCRA was founded in that same spirit. It's an excellent way for any business professional to become an expert in financial analysis, a skill that has become vital in today's economy. The CCRA is also an excellent introduction to NACM's other educational opportunities and designations, including the CCE, which remains the gold standard of credit and financial education."

As with other designation courses, Financial Statement Analysis, Interpretation and Credit Risk Assessment can be taken alone as a certificate session. However, earning the CCRA requires the completion of three courses: Basic Accounting, Financial Statement Analysis I and the Financial Statement Analysis, Interpretation and Credit Risk Assessment. The first opportunity to take the new course is at NACM's 117th Credit Congress & Exposition and runs from May 18-23, commencing the day prior to the official start of the conference on May 19.

More information on the CCRA and NACM's Certification Program can be found under the Education area at www.nacm.org. More information on FCIB's designations can be found in the Education area at http://fcibglobal.com.

About the National Association of Credit Management
NACM, headquartered in Columbia, Maryland, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACM's collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nation's policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. Its annual Credit Congress is the largest gathering of credit professionals in the world.

Source: National Association of Credit Management

Contact: Jacob Barron, CICP, 410-740-5560

Website: www.nacm.org

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