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Certified Credit Executive, CCE Certification: Details on Examination and Certification for Certified Credit Executives

Written by AnonymousNovember 3, 2011
Certified Credit Executive

If you’re looking to improve your career in accounting, obtaining an accounting certificate is an excellent first step.  Accounting certificates can expand your accounting knowledge and increase your proficiency in a specific area of the accounting field.

Introduction to Certified Credit Executive Certification

Credit executives are responsible for managing an organization’s entire credit granting process. Their primary duties include:

  • Developing and maintaining an organization’s credit policy
  • Performing credit reviews of existing customers
  • Determining potential customers’ creditworthiness
  • Overseeing an organization’s sales and bad debt losses
  • Managing relationships with collection agencies, credit insurance providers, and credit reporting institutions

Certified Credit Executive (CCE) is a professional credential issued by the National Association of Credit Management (NACM). Earning the professional credential:

  • Demonstrates your proficiency in credit management
  • Opens up opportunities for career advancement
  • Can usually increase your earning potential
  • Enhances your professional marketability to employer
  • Solidifies and expands your credit management skills and knowledge

Key Steps to Certified Credit Executive Certification

There are three ways to receive your CCE designation, each with different eligibility requirements. The three approaches and their respective requirements are:

  • Plan A Requirements:

- Complete ten years of full-time work experience in business credit or financial management

- Earn a four-year degree from an accredited college or university

- Have documented evidence of 125 Career Roadmap Points, which are awarded for education, work experience, and professional activities

  • Plan B Requirements:

- Hold either the Credit Business Associate (CBA) or Credit Business Fellow (CBF) professional designation

- Have documented evidence of 50 Career Roadmap Points in addition to those required of CBA and CBF credentials

  • Plan C Requirements:

- Have 15 years of work experience in credit or financial management

- Have documented evidence of 125 Career Roadmap Points

All CCE candidates, regardless of which track they choose, are required to pass the CCE examination in order to become certified.

Details of the Certified Credit Executive Exam

The CCE exam is a four-hour test comprised of two sections, each worth 50 points. The first section consists of short answer and essay questions about credit, legal, and management issues. The second section consists of a case study, which requires that you apply your business credit knowledge to real-world examples.

Both sections evaluate your knowledge of topics from the following areas:

  • Accounting
  • Finance
  • Domestic and international credit concepts
  • Credit management
  • Credit and commercial laws

Preparing for the Certified Credit Executive Exam

The NACM recommends that you prepare for the exam by reviewing some or all of the following publications, which are available for purchase on their website:

  • Credit Management: Principles and Practices, 3rd edition by Dr. Charles Gahala, CCE
  • Understanding Financial Statements, 9th edition by Lyn M. Fraser
  • Manual of Credit and Commercial Laws, 101st edition
  • Antitrust, Restraint of Trade, and Unfair Competition: Myth vs. Reality by Wanda Borges
  • How to Write a Credit Policy by Cliff Miller

Because many candidates have trouble completing the test in the four hours allotted, the NACM recommends timing how long it takes for you to answer the practice questions found in Dr. Charles Gahala’s Credit Management: Principles and Practices. If you find that you have a difficult time completing certain questions in 15 minutes, it’s a good idea to review those topics in greater detail.

Maintaining the Certified Credit Executive Designation

You’re required to maintain your credential by updating it every three years until you retire, after which you may be granted lifetime certification. Maintaining your credential requires paying a $150 fee as of 2011 and earning six participation points, which equals about 60 hours of activity. Three of the six points must be participation activities and three must be continuing education activities.

Activities that qualify for participation points include:

  • Participating in NACM’s Credit Manager’s Index (CMI)
  • Membership in NACM or other professional societies
  • Attending professional seminars, conferences, meetings, and workshops
  • Providing service as a speaker or instructor
  • Publishing articles or books related to business credit
  • Earning professional honors or awards
  • Activities that qualify for continuing education points include:
  • Attending one of NACM’s educational programs
  • Attending college or university courses at an advanced level
  • Completing a self-study course
  • Participating in educational conferences, seminars, workshops, and conventions

Governing Board Information

CCE certification is issued by:
The National Association of Credit Management
8840 Columbia 100 Pkwy.
Columbia , MD , 21045 US