Credit Controls
Strengthen your organization’s credit approval process and reduce exposure to bad debt losses. This course walks you through the complete credit process flow, required documentation, and analytical procedures that support sound credit decisions. Learn how to design and implement internal controls that ensure consistent, properly documented credit evaluations. Explore core control principles, control types, and related risk management issues. Build a disciplined credit control system that protects assets and supports sustainable revenue growth.
Format
PDF Course
Course Lists
Duration
2 Hours
Course Information
Author: Steven Bragg
Course Number: AC1164
Learning Objectives
- Recognize the characteristics of a system of internal controls.
- Recall the situations in which it is possible to operate with weak controls.
- Recognize the best types of controls.
- Specify how a continuous controls monitoring system functions.
- Recall why an analysis of business status is needed in a credit review.
- Specify the alternatives for a customer when the credit level is insufficient.
- Recall when a credit waiver can be applied to a customer’s credit request.
- Recognize the flow of documents associated with the credit analysis function.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: November 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.