Do you want to become a Specialist in Credit Management? 1


Register for the Certificate in Credit Management

The next exam dates for the ICM Certificate in Credit Management 1 – 3 and the Advanced Certificate in Credit Management 4 is the 6th
of November 2010. As one of the four accredited colleges, Compuscan
Academy recommends this highly sought-after programme and encourages
you to enrol today to become a specialist in Credit Management. This
certificate programme will empower you to succeed in the world of
credit.

The Institute of Credit Management (ICM) has a long history founded in 1953 and currently has over 1500 members representing many
individuals from different credit disciplines. The Institute’s main
objective is to be the centre of expertise in matters relating to the
profession of Credit Management in South Africa. It has benefited many
individuals from the various credit sectors such as trade credit,
consumer credit, banking credit, credit information, credit insurance,
debt administration; and collections and insolvency practioners.

To facilitate the development of credit specialists, the ICM has designed and developed two specialist credit programmes i.e. The
Certificate in Credit Management and the Advanced Certificate in Credit
Management. The ICM Certificate in Credit Management consists of 3
modules that focus on the functions and daily workings of a credit
department whereas the ICM Advanced Certificate in Credit Management
consists of the 3 modules of the Certificate and a 4th
module that focus on the managerial skills of the learner to make a
credit department a success. Both qualifications are based on practical
skills training and a theoretical study on the field of Credit
Management.

Let’s take a closer look at what the ICM Certificate in Credit Management entails:

The ICM Part One

The Certificate in Credit Management Part One introduces the overall definition, form, source and role of credit in the internal credit
environment, the Basic Law of Contract and supervisory skills.

The ICM Part Two

The Certificate in Credit Management Part Two covers a higher-level economical and legislative overview that impacts the customers ability
to pay. It covers decision-making skills that will help learners make
an advanced credit assessment thereby securing an account. Part Two
also covers the critical managerial skills to control and manage a
credit department. Learners are further introduced to banking credit,
the role of micro-lenders in South Africa, liquidations and insolvency,
and audits to become subject matter experts in this field.

The ICM Part Three

The Certificate in Credit Management Part Three takes learners one step further to being in positions of management through planning,
leading, organising, controlling and reporting. It covers more in
detail the definitions, processes and procedures of insolvencies and
liquidations within the requirements of the law. It also covers
financial management and specific case studies applicable to the field
of study.

The ICM Part Four

The Certificate in Credit Management Part Four contributes to the total effectiveness of the learners’ management skills of human
resources in the credit department while still conforming to company
policy and the law. Part Four teaches learners to apply statistical
analysis that will measure the performance of the credit management
process. Learners will also be made aware of key economic trends to
make a credit department a success.

In order to enrol it is important to meet certain qualifying credit requirements. Theses are:

  1. For ICM Part One, learners must be in possession of at least a grade 9 certificate plus 3 years experience in credit control or be 23
    years of age and successfully completed the ICM Bridging Course in
    Credit Management
  2. For ICM Part Two, learners must be in possession of ICM Part One or exemption from the ICM Board.
  3. For ICM Part Three, learners must be in possession of ICM Part Two. No exemptions are granted for this module.

Now that you are more aware of the various modules that make up the ICM Certificates in Credit Management and the intricacies of what it
will entail, we invite you to take your seat and learn what Credit
Management has to offer as a recognised discipline and profession in
South Africa. With the ICM leading the way in Credit Management you
will excel on your learning pathway.

Compuscan Academy is proud to be associated with the ICM as an accredited college to offer this valuable course to you.

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One thought on “Do you want to become a Specialist in Credit Management?

  • Tass Schwab

    Another hot topic:
    Money Management – get your staff members onto this workshop – it deals with how to budget, savings, what credit reports are, what to do when in debt, what the debt counseling process is! A must do in the current economic climate!