THE BAHAMAS INSTITUTEOF FINANCIAL SERVICES

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.

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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

 

1. Definition of credit risk 

2. Introduction to Credit Policy 

3. Loan types and structure 

4. Credit application and investigation 

5. Credit verification and evaluation 

6. Credit approval process 

7. Collection Policies 

8. Collection objectives and targets 

9. Planning collection activity 

10. The impact of collection agencies on the recovery process