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Latest NACM certificate session highlights: business credit principles.(TRADELINE)(National Association of Credit Management)(Brief article)

Business Credit

| January 01, 2008 | Redcay, Laura | COPYRIGHT 2008 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

During NACM's most recent weeklong certificate session, 17 credit professionals from around the United States delved into a variety of topics related to business credit principles. Jim McIntyre, CCE, an indefatigable, well-regarded instructor and former NACM chairman, guided the class through a comprehensive overview of several credit functions as well as the issues and entities that affect the credit decision-making process.

McIntyre led discussions about the influence of the Federal Reserve System, the legal pitfalls credit managers should avoid, negotiable instruments, forms of business, and terms of sale and the UCC, among other matters. Session attendees also shared ideas about and experiences with specific tools within their arsenal, including credit policies, credit applications, credit reference requests, automated information resources, audits, financial statements and financial ratios.

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Echoing one of McIntyre's key points about credit ...

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