| Diploma in Credit Management DCM Diploma

Diploma in Credit Management (DCM) Diploma - KASNEB

Diploma in Credit Management (DCM) program by kasneb is for persons who wish to qualify and work as middle-level credit managers, credit assessors and other related areas in both formal and informal sectors.

KASNEB

KASNEB

  •  Diploma  1 1/2 years

    The DCM Examination is held twice yearly in May/June and November/December. The examination is divided into three levels, with each level comprising four papers.
    A candidate is required to pass a lower level before progressing to the higher level.
    The examination is rigorous and standards are high and therefore a candidate is advised to devote approximately the equivalent of six months of full time study for each level of the examination. Ideally, a student should be able to complete the DCM examination in a period not exceeding one and a half years.

    Students taking the DCM examination are advised to look for ways and means of acquiring practical experience so that they can match progress in examination with competence in performance of duties in the work environment. 

    Diploma in Credit Management DCM Diploma - objectives

    Diploma in Credit Management (DCM) program by kasneb is for persons who wish to qualify and work as middle-level credit managers, credit assessors and other related areas in both formal and informal sectors.

    Aim of DCM Examination
    To equip the candidate with the competencies required to manage credit functions in a range of business environment and to provide the candidate with a basis for further progression in the credit profession.
    Aims of DCM Level I Examination
    To equip the candidate with knowledge and skills to, among other responsibilities:

    • Undertake basic credit management operations.
    • Comply with the regulations governing business operations.
    • Communicate effectively in the workplace.
    • Provide a basis for further progression to DCM Level II.

    Aims of DCM Level II Examination
    To equip the candidate with knowledge and skills to, among other responsibilities:

    • Undertake credit assessments on individuals and businesses.
    • Comply with the regulations governing credit practice.
    • Apply the principles of management in credit management.
    • Provide a basis for further progression to DCM Level II.

    Aims of DCM Level III Examination
    To equip the candidate with knowledge and skills to, among other responsibilities:

    • Prepare financial statements for non-complex entities.
    • Apply the principles of public finance and taxation in practice.
    • Apply the principles of credit management in practical scenarios.
    • Provide a basis for entry into the professional examinations.

    Entry Requirements

    A person seeking to be registered as a student for the DCM examination must show evidence of being a holder of one of the following qualifications:

    • Kenya Certificate of Secondary Education (KCSE) examination with an aggregate average of at least grade C minus (C-).
    • A kasneb technician certificate, CAMS or diploma certificate.
    • Such other certificates or diplomas as may be approved by kasneb.

    Persons intending to take the November/December examinations must register as students not later than 15 September while those intending to take the May/June examinations must register as students not later than 15 March.

    kasneb reserves the right to refuse to register any applicant who in its opinion is not fit and proper to be registered as a student.

    Similarly, kasneb reserves the right to cancel the registration of any student who in its opinion is not fit and proper to be a student of kasneb.

    Exemptions
    Holders of CAMS will be exempted in DCM Level I. In addition, graduates of the other diploma qualifications of kasneb wishing to pursue DCM will be exempted in the common papers as applicable.
    Retention of Credits
    There are three levels in the DCM Examination. Each level has four papers. Papers taken and passed in a level shall be retained as credits for the candidate provided that the candidate fulfils the requirements set out below:

    • The candidate must enter and attempt all the papers in a level unless the candidate is exempted from some papers in the level or has earned credits in previous attempts.
    • A candidate who is awarded one or more credits in a level must enter and pass the failed paper(s) in the level within two and a half (2 1/2) years or five (5) consecutive sittings failure to which the candidate will be required to resit all the papers in the level.

    Progression Rule
    A candidate must attempt and pass the DCM Level I examination before proceeding to the DCM Level II examination. Similarly, a candidate must attempt and pass the DCM Level II examination before proceeding to the DCM Level III examination.
    Duration of Registration as a Student of kasneb
    A registered student of the DCM Examination will be required to complete the examination within a maximum period of six years provided that the candidate shall complete:

    • The DCM Level I examination by the end of the second year since registration.
    • The DCM Level II examination by the end of the fourth year since registration.
    • The DCM Level III examination by the end of the sixth year since registration.

    kasneb reserves the right to cancel the registration of a student who fails to complete the DCM Examination within the stipulated time.

    A student whose registration is cancelled under the rules in this paragraph may not be eligible for re-registration.
    However, kasneb reserves the right to vary or amend the regulations. 

    Diploma in Credit Management DCM Diploma - course content

    SUMMARY OF THE DIPLOMA IN CREDIT MANAGEMENT (DCM) EXAMINATION SYLLABUS
    LEVEL I

    • Paper No. 1 Fundamentals of Credit Management
    • Paper No. 2 Principles of Business Law
    • Paper No. 3 Entrepreneurship and Communication
    • Paper No. 4 Information Communication Technology

    LEVEL II

    • Paper No. 5 Credit Management
    • Paper No. 6 Principles of Management
    • Paper No. 7 Business Mathematics and Statistics
    • Paper No. 8 Law Governing Credit Practice

    LEVEL III

    • Paper No. 9 Marketing and Customer Relations
    • Paper No. 10 Foundations of Accounting
    • Paper No.11 Principles of Public Finance and Taxation
    • Paper No.12 Practice of Credit Management