ALL TOPICS COVERED UNDER THE HEADING-CREDIT MANAGEMENT/CREDIT CONTROL

All the topics for Credit Management are segmented into the following sections:-

GENERAL/INTRODUCTION

Credit Management:An overview of Its Importance And Characteristic of a well run credit management department.

Roles Or Functions Of Credit Management

Credit Management-Costs In Extending Credit /Return on Investment on Account Receivables.

 

ACCOUNTING/DOCUMENTATION

Credit Management-The Importance of Proper Documentation.

Accounting Treatment &Workflow on Write Off Bad Debts and Provision for Doubtful Debts.

Salient features of a good credit policy and procedural manual.

Credit Management:Include Reservation of Title Clause In Your Documentation.

 

 

ACCOUNTING TREATMENT


CREDIT VETTING PROCESS

Credit Evaluation Criteria Used In Credit Management/Control

Non financial qualitative factors in credit decision making.

Sample of Trade Reference

Sample of Bank Guarantee Letter Used in Credit Control/Management

Credit Management-The use of Corporate Guarantee when granting Credit facility To Your Customer Who Belongs To A Group Of Companies

Credit Management:Use the Simple Credit Evaluation Form

Is it necessary to establish credit limit and credit terms? And is it necessary to inform the customer?

 

FOLLOW UP/ COLLECTIONS

Delaying tactics or tricks used by deliquent debtors

Significant warning signs/symptoms that your customers are turning bad

Standard FIRST Letter or Reminder and the salient features in the reminder.

Standard FINAL WARNING letter or reminder and the salient features in the reminder.

Credit Control/Credit Management-Collections vide Telephone

Credit Control/Credit Management-Collection Approaches ,Types of Defaulters,Delaying Tactics &Signals of Potential Defaulters.

Time-The Critical Factor In Credit Management

 

LITIGATION/LEGAL PROCESS IN CREDIT MANAGEMENT

Factors to consider when pursuing legal action

A brief description of Litigation process workflow

 

PERFORMANCE MANAGEMENT/KPA/KPI/SETTING TARGETS

Credit Management-KPA And KPI Of A Credit Manager

Credit Management-Setting A DSO Target

Credit Management:Measurements-KPA/KPI Used in Credit Management

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