Please enable JavaScript.
Coggle requires JavaScript to display documents.
OVERVIEW OF THE CREDIT MANAGEMENT (OVERVIEW ((:warning: To understand the…
OVERVIEW OF THE CREDIT MANAGEMENT
FUNCTION OF CREDIT MANAGER 🐌
• Controlling bad debt exposure and expenses
• Maintaining strong cash flow through efficient collection
• Monitoring the account receivable portfolio for trend and warning signs
• Determine credit ceiling
• Setting credit rating criteria
• Initiating legal or other recovery actions against customer who are delinquent
OVERVIEW
:warning: To understand the function of credit manager
:fast_forward: To understand what is credit management?
:beginner: To understand the factors affecting credit management
:+1: To understand the advantages of good credit management and disadvantages of having bad credit management
:checkered_flag: To understand the importance of the credit management
IMPORTANCE OF CREDIT MANAGEMENT
Int. Financial Management
Int. companies involves with global risk(e.g:Hedging is one of risk handling)
Exporter and important require proper management of int. flow of fund
individual
• -shelter
• -transportation
• -employment
• -entreurnership
• -utility services
banking industry
bank must asses risk to maintain economic stability
loan review and portfolio analysis are important for determining credit and investment risk
risk of default payment must be expected
a process of controlling & collecting payment from customers
=) qualifying the extension of credit to a customer
=) monitors the reception of payments and logging of payment on outstanding invoices
=) initiation of collection procedures
=) resolution of disputes on a customers service
a process to ensure that customers will pay the products or service
PAST SEMESTER FINAL 🍀
JAN 2018
Identify the 3 important steps in credit management (5m)
Define credit management (5m)
With the help of any 4 points, the importance of credit management from individual's perspective (10m)
SEP 2015
MAR 2017
Explain any 2 functions of a credit manager (5m)
Briefly explain any 4 importance of credit management under the perspective of an individual (10m)
OCT 2016
Describe the importance of credit management in banking industry perspective (6m)
List any 2 duties of a credit manager based on the Golden Rules (4m)
Explain about the credit history as a benchmark for good sound of credit management (10m)
MAR 2016
Define credit management (4m)
Explain the 3 important steps in credit management process (6m)
Briefly explain the individual perspective of the credit management (10m)
Explain any 4 of the responsibilities of credit manager (10m)
What is credit management? (4m)
Explain the 3 important steps in the credit management process (6m)
The important of credit management can be looked into 3 different perspective. Briefly explain each of them (6m)
Benefit/Advantages Of Having Good Credit ❤️
:check: More negotiating power
:check: Get approved for higher limits
:check: Better chance for credit card & loan approval
:check: Avoid security deposits on utilities
:check: Bragging rights
:check: Low interest rates on credit cards & loans
INTEREST RATE
INCOME
ECONOMY
OUTSTANDING DEBT
CREDIT HISTORY
Definition Credit Management 🍀
:
Factor Affecting Credit Management
🔥🔥
👩🏻🎓
