THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES
"Keeping Financial Services Education Relevant to Industry Needs"
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COURSE DESCRIPTION
This course is designed to provide students with a fundamental understanding of how to manage credit effectively while controlling overdue accounts. It will also equip them with the theory, knowledge, and skills to provide operational support to organizations involved with credit and collections. The course also lays the foundation for the more advanced concepts that are covered in Part II.
COURSE OBJECTIVES
The objective of the course is to provide students with the ability to evaluate and approve credit proposals. They will acquire the techniques that are required for the follow-up and collection of overdue accounts and the skills that are necessary for the protection of a company’s investment in debtors. Students will also learn how credit and collections contribute directly to an entity’s liquidity and profitability.
COURSE OUTLINE
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Definition of credit risk
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Introduction to Credit Policy
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Loan types and structure
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Credit application and investigation
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Credit verification and evaluation
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Credit approval process
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Collection Policies
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Collection objectives and targets
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Planning collection activity
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The impact of collection agencies on the recovery process
COURSE DURATION: 8 weeks
DAYS: Wednesdays
TIME: 6:30 pm - 9 pm
COST: $695 - $795
Learning Platform: Zoom
ACCREDITATION
The National Accreditation and Equivalency Council (NAECOB) is a statutory body established under the National Accreditation and Equivalency Council ACT of The Bahamas on the 4th of October, 2006; assented on 29th of December, 2006 and came into force 28th February, 2007. NAECOB is responsible for registering and accrediting primary schools, secondary schools, post-secondary schools, and any institution that offers training in The Bahamas. The National Accreditation and Equivalency Council of The Bahamas began operation in 2016.