Certified Accounts Receivable Manager (CARM)

Management level of the CARP program

As Accounts Receivable constantly evolves, businesses require dynamic leaders to drive change, continuous improvement and efficiency. As a Certified Accounts Receivable Manager (CARM) you’ll be demonstrating your ability to lead, develop and improve performance of the Accounts Receivable function.

What is the CARM Certification?

The Accounts Payable Specialist Certification (CARS), is the second of two levels within the full CARP programme. To earn the CARM credential, you must complete the Accounts Receivable Specialist online study programme and pass the final exam which includes 50 multiple choice questions.

A Certified Accounts Receivable Manager is a Finance Professional with extensive knowledge of operational financial processes and manages the Accounts Receivable function and or team who are responsible for onboarding and invoicing customers who order goods and services to their business. The CARM designation demonstrates a high level of competency and knowledge in leading and effective management of an Accounts Receivable function.

Whether you are an experienced Accounts Receivable or wider Finance professional, the Accounts Receivable Manager course will provide you with the knowledge and skills to progress your career in finance leadership and management.

What you’ll gain from the Accounts Receivable Manager study program and professional credential

The CARM is the true standard of excellence in managing Accounts Receivable functions and processes. The Manager level (CARM) is a global marker of excellence for managers in the field of Accounts Receivable.

  • Certified Accounts Receivable Manager status and CARM professional designation
  • Expert level understanding of the end to end Accounts Receivable process management
  • Advanced understanding of the principles of creating high performing teams
  • Effective people management and change management skills
  • Understanding of the application of AI and Automation in the Accounts Receivable process
  • Increased earning potential and advanced career opportunities

Why should you consider CARM?

The CARM certification and designation is widely respected in USA, Canada, Europe and UK and is rapidly becoming the first choice for finance professionals who want to succeed in the management of Accounts Receivable functions and teams.

Through the ten-chapter CARM® program, you’ll gain an in-depth understanding of the practical, management and leadership aspects of managing Accounts Receivable functions and learn how to embed the best solutions to a modern businesses facing a range of risks, performance, and compliance challenges. The CARM® designation will not only expand the quality and breadth of your management and leadership abilities but will elevate your professional credentials as a Certified Accounts Receivable Manager and help advance your career.

Who should take CARM?

Individuals either currently working within a finance role (Accounts Receivable or wider finance operations) or those looking to gain the knowledge and skills to begin a career in finance.

Typically CARM students job titles include

Accounts Receivable/Payable Clerk / Team Leader or Manager

Finance Operations Manager / Director

O2C or P2P Manager / Specialist / Consultant

Head of Shared Services

Please note this is not an exhaustive list and is a sample. Download the course guide to learn more.

Accounts Receivable Manager

Program Overview

100%

Online learning and exams

Learn at your own pace

With videos, workbooks, assignments and quizzes

12 months access

To the CARM study program

22+ hours

Of on-demand video classes

35+ hours

Learning materials and exam prep

3-4 months

Average completion timeframe

Global

Recognition and repect

Certificate

Awarded by IFOL to verify you knowledge and skills

Community

Over 100,000 professionals globally

How to get certified

1. Online Course

Complete the Accounts Receivable Manager online and on-demand course. Download the course guide here to discover the Accounts Receivable Manager course curriculum.

2. Exam Preparation

Use the study material, practice questions, live and recorded classes to prepare for the final exam.

3. Exam

After completing the course you can take the relevant exam at your convenience, online within the IFOL Academy.

Course overview (CARM)

Accounts Receivable Manager Certification (CARM)

The Accounts Receivable Specialist course comprises of 10 core modules and over 55 study units all designed to enhance your knowledge of leading and managing accounts receivable functions and prepare you for taking the CARM exam.

All study is self paced and on-demand and includes variety of e-learning, video lessons, exam prep quizzes, short assignments and scenario based questions to answer.

Support is offered for all participants via the dedicated IFOL Education Team who each have in excess of 20 years experience of working and educating in Financial Operations.

CARM Exam At a Glance

  • 50 multiple choice questions
  • 60 minutes to complete the exam
  • 80% minimum score required to pass
  • Online within the IFOL study platform
  • Over 90% first time pass rate
  • 3 attempts included

Core course modules

  • Leadership and Motivation of Accounts Receivable Teams
  • Managing and Building Systems for High Performance Teams
  • Recruiting, Developing and Retaining Staff
  • Presenting Information and Hosting Meetings With Key Stakeholders
  • Using KPIs, Reporting, Benchmarking and Working with Audit
  • Service Excellence and Complaints Handling
  • Sourcing, Evaluating and Implementing Technology for AR
  • Budget Management, Spend Controls and Working Capital
  • Regulations, Tax and Fraud Prevention

Download the full certification guide for a full breakdown of the study modules and exam

Certification enrollment

How to enroll in CARM

It’s quick and simple

When to enroll is entirely your choice, there are no set intake dates as our study platform allows you the flexibility to start and stop study whenever is convenient for you.

  • Complete your learner profile and pay enrollment fees or request an invoice.
  • Pay enrollment and exam fees together in one payment or monthly payments
  • Instant access to the study platform and learning resources
  • Study at your own pace with up to 12 months to sit the exam
  • Final exam attempt and 2 retakes included in enrollment fees
  • Enroll online anytime or book an online appointment for assistance

Need help getting started?

Book a 1-2-1 session with an advisor

Payment options

Enrollment fees can be paid via credit/debit card or if your employer is funding your studies you may request an invoice during the enrolment process.

Following payment, the course will become immediately available to you within your student dashboard.

Want to know more before enrolling?
Book a 1-2-1 certification demo

Our free certification demo service allows you to meet with an advisor and get a first hand experience of the study platform. It’s also the perfect opportunity to ask any questions you may have.