The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

Formerly known as BF025v: Credit Risk Management

Programme Objective
Credit has been a great marketing tool and has contributed to higher sales and surging profits in recent years. Unfortunately credit is not necessarily good and doesn’t guarantee that all is well. Credit raises default and liquidity risks. 90% of business cash flow arises from credit management. Anything lesser would increase liquidity risk and rising funding costs for the business. As economic volatility escalates, cash flow becomes more unpredictable. Proactive managers should become cash flow driven.

• A critical review of credit as a business marketing tool
• Managing predictable cash flows through managing credit risk
• Identifying the cost of credit and impact on business profitability
• Essential components of credit and cash flow management
• Managing credit quality of a firm

Programme Outline

1. Introduction to credit

• Credit rationale and concepts
• Credit risk and cash flow management
• Cost of credit and profitability
• Working capital and credit requirements

2. Tools of credit risk management

• The credit policy & procedures
• The collection policy & procedures
• The credit audit

3. Credit risk evaluation

• The credit screening process
• Credit criteria and judgment
• Credit risk rating
• Credit responsibilities

4. Collection management

• Managing on going receivables
• The collection – organization and process
• Collection expertise – knowledge and skills
• On going credit risk management

 

Pre-requisites

Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
   

Training Methodology

• Topical discussions
• Scenario analyses
• Self discovery exercises
• Self reflection

 
Closing Date for Registration
 1 week before programme or until full enrolment
 

Intended For

This program is designed for Financial managers, Credit controllers, Business owners, Heads of business units, Sales and business development managers, Internal audit and risk managers

Programme Facilitator(s)