Introduction to Credit Risk Assessment
Introduction to Credit Risk Assessment
Bad debts hurt businesses. You can reduce this risk if you know how to assess credit risk. This workshop uses customer identification, credit applications and credit reference agencies to show you how to assess credit risk. By using credit limits and monitoring processes, you will develop the skills needed to take reasonable and measured risks that maximise your organisation's income without over exposure to bad debt risk.
What You'll Gain From This Course
Practical outcomes you can apply immediately in your role
More profitable sales for the organisation
Preventative measures for bad debt
Framework for a credit policy
Sources of information to aid credit risk assessment
Ways to handle insolvency and fraud
Who Is This Course For?
Aimed at those who are new to credit risk assessment work or wish to gain basic understanding of this aspect of the order-to-cash cycle.
What This Session Covers
- Importance of credit and credit risk policy.
- The effect of bad debt and its prevention.
- Credit assessment: who are our customers?
- Overview of Profit and Loss and Balance Sheet.
- Insolvency and fraud.
- Monitoring credit limits and processing orders.
- Risk categories and credit scores.
Aligned to CICM Professional Standards
This training session maps to the following professional competencies
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