Yes, that really made me chuckle! Unfortunately, that's pretty typical of so many "diploma mills" that, for a fee, give you a pretty worthless piece of paper you can frame. (I just watched a DVD of this movie, which I had seen years ago.)
(I suppose there is some irony here -- Randall might be, in some ways, more like a young Schmidt than Schmidt would like to admit.)
Schmidt had legitimate college degrees from a good university and became a respectable (if unspectacular) professional in his field. The best Randall could do was get an attendance certificate for a 2 week long course, and hold a sales job where he probably barely earns above minimum wage (and whose only initiatives to better himself involve pyramid schemes and chain letters).
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Agger reading this post and the responses to it l think some of you may be missing the point. It was deliberately put in their to demonstrate Randall's mediocrity. The fact that he was so proud of such mediocre achievements that he put the "awards" and "diploma" on his wall ads humor to the film as we see Warren's increased anxiety about the mediocre guy his daughter is marrying.
The scene where Warren takes a closer look at Randall's medals and trophies is one of the funniest parts of the film.
You can almost read Schmidt's mind as he tries to make a silk purse out of a sow's ear and find some saving grace in his future son-in-law, only to have his own prejudices reinforced upon discovering that the medals, trophies, and diplomas are for "attendance," "participation," etc.
I once worked at an automotive dealership. One day, I was told I was being sent to a technical school at the West Coast headquarters of the brand. I spent a week in class, had no clue what was going on no matter how hard I tried to grasp it all, and "graduated" with a certificate suitable for framing. It was a total joke.