CREDIT MANAGEMENT AND ITS FINANCIAL IMPACT ON THE BUSINESS

CREDIT MANAGEMENT AND ITS FINANCIAL IMPACT ON THE BUSINESS
Paper details:

CREDIT MANAGEMENT AND ITS FINANCIAL IMPACT ON THE BUSINESS
As a credit manager, you will be involved in the formulation and review of the company’s credit policy as well as in credit decisions with regards to the company’s business. It is imperative that one will have to consider the impact of these credit decisions on the financial performance of the company as well as its ability to meet its short-term financial commitments. You are required to: Prepare 1000 word critical reflection on the following areas:
1. Highlight important aspects of credit policy and credit decisions that could have a significant financial impact on the company’s business. (6 marks) (300 words) (5 References)
2. Explain, using illustrative and numerical examples how the issues you have highlighted above could significantly affect the company’s profitability and liquidity. (10 marks) (500 words) (8 References)
3. Critically discuss the contention that ethical considerations play a critical role in credit decision-making and that these considerations could have a significant financial impact on the business. (5 marks) (200 words) (4 References)
Be sure that the content, format and style of the assignment conform to good practice including Grammar, Spelling & Writing (4 marks)

Notes:
• Assignments must be word-processed with font size 11, (Arial) and with 1.5 line spacing.
• Margins must be as follows: Top and Bottom 2.5 cm, Left and Right: 3.2 cm.
• You should present written information in a reflective format to academic standards of organization, clarity and logical coherence. Further, you need to discuss and defend ideas, concepts and views effectively through written communication
• Harvard style referencing is required for assignments in this module. If you submit a poorly referenced essay you will lose marks. If you submit an unreferenced or plagiarized essay you will fail the assignment.
• You should ideally strive for a balance between academic and trade publications, although you might be able to find more in trade publications due to the nature and timeliness of the topic.
• This assignment is about quality, not quantity. So, make sure you work to a high standard if you are to achieve high marks.

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