The subject provides students with the general principles of credit management as well as ensuring students’ understanding in the application of credit management principles. The module allows students’ understanding on clear distinction of credit management for personal, business as well as international market. In the end the module enhances students’ understanding on the importance of credit management in personal and business environment and lays a foundation for more complex credit management topics. Topics include:
• Introduction to Credit Management
• The Financial Effect of Credit Management
• Credit Policy & Organization
• Assessing Risk in Trade Credits
• Credit Rating & Risk Categories
• Debt Collection
• Export Credit
• Retail Credit Management
• Credit Insurance
• Foreign Exchange & Credit Management

Action Learning. Learning is achieved by engaging students in activities that have elements of problem solving combined with intentional learning.

Authentic Learning. Students will be presented with activities that are framed around "real life" contexts in which students will find learning more meaningful and motivating. Thus they will be more engaged in the process of acquiring knowledge.

Assessment strategy will be both formative and summative. Formative assessment strategies are used to test the current level of understanding and progress and to provide feedback to teacher and learner and to guide the next phase of learning. Types of formative assessments for this course will be discussions on tutorial questions, short quizzes and assignments. Summative assessment is used both in the mid and at the end of the programme formally to assess a learner’s skill, knowledge and understanding gained in this course.

For this module formative assessment will be undertaken through regular completion of tutorial work along with quizzes to check knowledge and understanding of basic concepts within accounting. To prepare students for the end of module summative exam, a mid semester test will take place under exam conditions.

Individual Assignment (1500 words), based on a reflective review of credit management techniques. 50%
Learning outcomes 1, 2 & 3.

Final Examination (duration 1 Hour). This will be a closed book exam testing the concepts, principles and practical application of the principles of credit management. 50%
Learning outcomes 1, 2 & 3.

BUV VLE

Main Texts:
Bullivant, G (2010). “Credit Management”, Gower.

Additional Texts:
Edwards, B (2004). “Credit Management Handbook”, Fifth Edition, Gower.
Fight, E (2004). “Credit Risk Management”, Elsevier Butterworth-Heinemann.
Colquitt, J (2007). “Credit Risk Management”, McGraw Hill.
Iqbal, Z and Mirakhor, A (2005). “The Essentials of Risk Management: Credit Scoring & Retail Risk Management”, McGraw Hill.

1. DEMONSTRATE AN UNDERSTANDING OF THE PRINCIPLES OF CREDIT MANAGEMENT AND THE KNOWLEDGE TO APPLY THESE PRINCIPLES.
Knowledge and Understanding, Learning, Analysis

2. DISCUSS CREDIT MANAGEMENT PRINCIPLES FOR PERSONAL, BUSINESS AND INTERNATIONAL ENVIRONMENT.
Knowledge and Understanding, Reflection

3. EVALUATE CURRENT CREDIT MANAGEMENT PRACTICES AND BEHAVIOURS IN THE LOCAL AND INTERNATIONAL ENVIRONMENT.
Analysis, Problem Solving, Application