Courses

Module One:

Definition of credit

Forms of credit

Definitions

Credit offerings

Module Two:

Sources and Role of Credit

Control Functions, Products and Responsibilities of different Credit offerings

The National Credit Act

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‍Module Three:

The Role of Credit in business

Cash cycle and the use of Credit in business

Advantages & disadvantages of offering Credit

Cost of Credit to a business                                        

Chain of distribution and the varying Credit requirements

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Module Four:

The Role of Credit in the life of a consumer

Benefits and dangers in using Credit

Understanding consumer rights and obligations

The role of Credit in the economy

Understanding the various pressures and Economic influences  

Module Five:

Definitions of Credit Terminology

Open Account

Instalment Sale Agreements

Leasing & rental agreements

Payment Terms and factors influencing them

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Module Six:

Internal Credit Environment

Functions of a Credit Department

Credit Policy

Credit Evaluation

Consumer

Commercial

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‍Module Seven:

Consumer Assessments

Decision Making & Credit Limit setting

Manual System

Scoring System

‍Module Eight:

Business Ownerships

The Role of the following non-financial sources

Evaluating Risk

Non-financial information

Setting Credit limits

Commercial Assessments

Sources of Information

Credit Application Forms

Conditions of Sale

Module Nine:

Collections

Importance Collections

Cost of overdue accounts

Cost of bad debt write-offs

Payment Methods

Collection Objectives

Collection Procedures Policy

Target setting for individual collectors

Categorize debtors

Collection Tools

Council of Debt Collectors

Council of Debt Collectors, ADRA& Code of Ethics

Consumer & Commercial Collections

Measurement of Effectiveness

Module Ten:

Debtors Administration

Banking Procedures and Balancing

Data Capturing & Balancing

Reconciliations

Inter-Departmental Co-operation

Company& Departmental objectives

Importance of Team strategy

Module Eleven:

Introduction to the Basic Law of Contract

Law of Contract

Definition of a legally binding contract

Contract of Sale

Module Twelve:

Supervisory Skills

Role of the Supervisor

Obligations to Management

Plan, Lead, Organize and Control

Module One:

Economical & legislative factors of Credit Management

and their impact on customer ability to pay

National Credit Act, POPI, CPA, New Companies Act

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Module Two:

Sources of finance available to Companies requiring

Working capital / growth funding

Overdraft

Asset finance

Factoring & invoice discounting

Investors

Module Three:

Credit Policy

Setting policy

Implementing policy

Measuring effectiveness of policy

Module Four:

Structure of a Credit Management Department

Organizational structure

Methods of management

Role of the Credit manager

Link to Senior Management & other departments

Module Five:

Understanding Budgets, Targets & Provisions

Importance of performing within budget

Setting targets & measuring achievement

Providing for bad debts & credit notes – impact on profit

Module Six:

Advance Assessment Skills & Decision making

Financial Ratios – measuring ability & willingness to pay

Methods of setting credit limits

Impact of unrealistic credit limits

Monitoring & reviewing limits

Making a decision factor to be considered

Module Seven:

Securing an Account

Theory of Securities

Practical application of securities

Value of security

Perfecting security

Insurance

Module Eight:

Administrative Controls

Role of the Computer

Using computers to maximum advantage

Understanding online systems & the interdepartmental links

Importance ofpasswords & authority levels Exception reports & their uses

Individual responsibility

Cash Sale Reconciliation & controls

Documentation Controls

Service Procedures

Module Nine:

Supervising the Department

Collection Targets

DSO/ADSO

Measuring performance

Team Building

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‍Module Ten:

Debt re-scheduling

Dangers involved

Accepting A.O. D’s

Acceleration Clause

Third party Collections

Module Eleven:

Legal Action on Delinquent debtors

Court Jurisdiction

Instructing an attorney

Costs involved

Procedure to Judgment

Legal terminology

Module Twelve:

Export and International Credit

INCO Terms

Legal restrictions

Assessment Procedures

Insurance

VAT Implications

Module Thirteen:

Consumer Credit

Legislation restrictions

Developing assessment models

Performance Scoring

Supervision of Collections

Target Setting

Result measurement

Module Fourteen:

Introduction to Banking Credit

Consumer

Commercial

Module Fifteen:

Accounts Receivable Financing

Why Factoring Services are required

Cash Cycle

Factoring Services

Module Sixteen:

The role of Micro Lenders in South Africa

Why Regulations are required

Module Seventeen:

Introduction to Liquidations / Insolvency

Acts of Insolvency

Provisional & Final Insolvency

Module Eighteen:

Internal & External Audit & their requirements

Module One:

Management: Planning, Leading, Organising & Control, Management styles, Management reporting.

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Module Two:

Insolvencies & Liquidations: Definitions, Process, Procedure, Proving a claim, attending meetings & acting as Judicial Manager.

Business Rescues as per the Companies Act- 2011

Module Three:

Courts: Magistrates Court, High Court, Consumer Affairs Court, Small Claims Court and Arbitration Court.

Module Four:                                                                                                                      

Litigation, Debt Recovery &Liquidation in the High Court

Module Five:

Applicable Acts: Debt Collectors Act, Prescription Act, Administration of Estates Act, Retention of Documents, Insolvency Act, Agricultural Act, Matrimonial Act, Magistrates Court Act.

Contractual Capacity – all parties, contract performance, contraventions, breach, formalities and damages.

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‍Module Six:

Financial Management Cash flow requirements Budgeting requirements

Overtrading signs and financial strains on a company

Understanding Financial Statements, Income Statements, and the various Ratios

‍Module Seven:

National Credit Act

Understand the National Credit Act

The application of the National Credit Act Who is affected by the National Credit Act. The NCA calculations

Module Eight:

Business Rescue

Understand Business Rescue process.

Possible outcomes of Business Rescue

Module Nine:

Insurance Act

Understand contract of carriage and how it is implied between buyer and seller

Different kinds of carriers

Concept of insurance, the principles underlying the contract, the right and duties of the parties.

Concept of the insurable interest, the doctrine of disclosure and become acquainted with common terminology used in insurance.

Carriage with reference to the different types of carriers and the contents of the contract of carriage.

Module Ten:

Companies Act

The updates of the Companies Act

Understand the requirements of the Companies  

Structures of the Companies Act

Understand the purpose of new requirements of the Companies Act

Module One:

Human Resource Management

Labour Relations Act

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Module Two:

Business Law

Aids in the Workplace

Corporate Governance

Value added Tax

Non-profit Organisation Act 71 of 1997

Competition Act 89 of 1998

Protected Disclosures Act 26 of 2000(Whistle-blowers)

Promotion of Access to Information Act 2of 2000 (amended) PAIA

Electronic Communications and Transactions Act (2002)

Consumer Affairs (Unfair Business Practices) Act 71 of 1988

Financial Intelligence Centre Act (FICA)

Cyber Law      

Module Three:

Business Economics

Financial Analysis

Credit Management Statistics

Module One:

Reporting

Module Two:

Economics

Module Three:

Accounting

Module Four:

Principals of Risk

‍Module Five:

Managing Diversity

Module Six:

Business Management

Module Seven:

Business Writing Skills

Module Eight:

Business Etiquette