Below demonstrates the various stages of the litigation process that the Credit Manager or Controller will usually have to go through:
1. Letter of Demand On the instructions of the Company,the lawyer writes a Letter of Demand (LOD) to the debtor. The letter informs the debtor that they should settle the debt within a [...]

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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