Level 2 Credit Management (Trade, Export and Consumer)

Level 2 Credit Management (Trade, Export and Consumer)

What you will learn from the Credit Management (Trade, Export and Consumer) Virtual Class
46 Guided Learning Hours 101 Total Qualification Time
Aim

The unit provides an understanding of the concepts, processes and techniques that underpin best practice across a range of credit environments.

Syllabus topics

1. Value of credit (10%) 

Definition of credit

Cost of credit

2. Organisation of the credit function (15%)

The credit department

Credit policy

3. Credit customers and arrangements (35%)

Customers  Credit agreements

Documents

4. Credit risk control (15%)

Risk assessment and control

Information sources and their value

Scoring

Insurance

5. Credit documents and systems (10%)

Customer master file

Sales ledger system

Computerised systems

6. Collections methods and legal action (15%)

Targets and use of resources

Methods

Dealing with problems

Legal procedures and use of third parties

Assessment

One hour online examination involving 60 multiple choice questions.