Accountancy Credit Control AAT level 4

Year 1

You will gain knowledge of sources of information and techniques used to assess credit risks in compliance with organisational policies, data protection legislation and professional ethics. Knowledge and application of performance measures relating to liquidity, profitability and gearing will be fundamental to this unit.

Legal procedures and methods for collecting debts as well as financial techniques used in granting and monitoring credit and debtors will need to be understood and demonstrated. An understanding of different types of discounts will also be required.

You will apply your skills to monitoring and evaluating credit control in compliance with organisational policies and, in particular, you will learn the importance of liquidity management. Knowledge of bankruptcies and insolvencies will be required and also the mechanisms of invoice discounting, factoring and credit insurance.

You will be expected to demonstrate your ability to present advice and recommendations in line with organisational policies in a professional manner, including for write-offs and provisions. The financial impact of decisions and recommendations will be essential skills required of the student.