Supervision of Credit Management
Supervision of Credit Management
Description
The credit management function of an organisation involves the control of the largest liquid asset of a business - if not the largest overall asset. The supervisor of the credit department is therefore required to have the ability to apply quantitative and qualitative norms and standards. Supervision of credit management focuses on the supervisor of the credit management function of an organisation and teaches the learner how to plan, organise, lead and control the routine activities in the department, and how to set, measure and achieve performance standards. The supervisor and the learner are also taught how to detect irregularities in the handling of debtors' accounts and cash receipts, and how to initiate and apply corrective action. All aspects of the National Credit Act (Act 34 of 2006) have been incorporated in the principles of this book.
