What Is a Certified Credit Executive (CCE)?
Certified Credit Executive certificate : Certified Credit Executive (CCE) is a expert designation issued with the beneficial useful resource of the use of the National Association of Credit Management (NACM). It is an government-diploma designation. The CCE designation validates that someone is able to handling credit score rating score at a excessive diploma of the industry.
Understanding a Certified Credit Executive (CCE)
Credit manipulate is a part of a organisation’s hazard manipulate practices. It consists of comparing viable credits, whether or not or now no longer or now not they be agencies or humans, to decide whether or not or now no longer or now not the organisation need to expand credit score rating score to that company or individual.
If it’s miles decided that credit score rating score need to be extended, then the credit score rating score manipulate approach furthermore determines how masses credit score rating score need to be extended. It consists of comparing monetary statements, criminal documents, records credit score rating score theory, and a massive extensive type of numerous records.
Individuals who choice to acquire the Certified Credit Executive certificate are required to take a seat down down down an examination to show they’ve enough information of the credit score rating score, monetary, and criminal subjects studied. Renewing the certification consists of paying a fee as fast as each 3 years and finishing persevering with training and participation points.
Because the Certified Credit Executive certificate is at an government diploma, the sorts of mission skills that a CCE need to have can be comparing and approving better degrees of credit score rating score for massive quantities of money.
Qualifying for the Certified Credit Executive (CCE) Exam
There are 3 techniques an applicant can qualify for the CCE examination.
Plan A calls for candidates to maintain the Credit Business Associate (CBA) and Credit Business Fellow (CBF) designations and one hundred twenty five Career Roadmap points. This plan applies to humans who’ve minimum credit score rating score revel in however need to advantage the critical skills and information of the field.
Plan B calls for candidates to have 10 years of company, credit score rating score, or monetary manipulate revel in together with a 4-12 months university diploma and one hundred twenty five Career Roadmap points.
Plan C applies to candidates who’ve 15 years of credit score rating score or monetary manipulate revel in, are age fifty seven or older, and characteristic one hundred twenty five Career Roadmap points. This plan is appropriate for candidates who do now not maintain a 4-12 months university or college diploma.
Certified Credit Executive (CCE) Exam Structure
The CCE examination has a duration of 4 hours and accommodates sections, every actually well simply properly really well worth 50 points. The examination’s first section calls for candidates to finish quick solution and essay questions on credit score rating score, criminal, and manipulate subjects. Applicants whole a case have a observe withinside the 2d section, in which company credit score rating score information receives carried out to actual-international examples. Both components of the examination observe information in accounting, finance, home and international credit score rating score concepts, credit score rating score manipulate, and credit score rating score and organisation law.
Studying for the Certified Credit Executive (CCE) Exam
The NACM does no longer offer a exercise examination; however, it does endorse that candidates assessment the subsequent guides in preparation:
“Credit Management: Principles and Practices” fourth edition, with the beneficial useful resource of the use of Dr. Charles Gahala, CCE
“Understanding Financial Statements” with the beneficial useful resource of the use of Lyn M Fraser
“Manual of Credit and Commercial Laws” with the beneficial useful resource of the use of the National Association of Credit Management
“Antitrust, Restraint of Trade, and Unfair Competition: Myth vs. Reality” with the beneficial useful resource of the use of Wanda Borges
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