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Credit and Debt Management
Credit and Debt Management
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This unit provides an understanding and application of the principles of effective credit control systems, including appropriate debt management systems. Organisations will usually offer credit terms to its customers, which could lead to financial difficulties if customers pay late or do not pay at all. It is therefore important to determine that potential credit customers can honour any credit terms agreed.
Credit and Debt Management is an optional unit.
Learning outcomes:
- Understand relevant legislation and contract law that impacts the credit control environment
- Understand how information is used to assess credit risk and grant credit in compliance with organisational policies and procedures
- Understand the organisation’s credit control process for managing and collecting debts
- Understand different techniques available to collect debts
August 2024
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