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Level 4 AAT Professional Diploma in Accounting (Distance Learning) – Unit in Credit and Debt Management

Course Overview

Course Type:

Part Time

Available at:

Available at Eastleigh tagEastleigh

Course Area:

Business Finance & Travel

Course Duration:

16 Weeks

Available at:

Available at Eastleigh tagEastleigh
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The Course in Detail

This unit provides an understanding and application of the principles of effective credit control systems, including appropriate debt management systems. Organisations will usually offer credit terms to its customers, which could lead to financial difficulties if customers pay late or do not pay at all. It is therefore important to determine that potential credit customers can honour any credit terms agreed.

This unit will consider the techniques that can be used to assess credit risks in line with policies, relevant legislation and ethical principles. Equally, once the credit decision has been approved, it will be important to ensure that any debts due from the customer are paid within the terms agreed. Students will also consider what techniques are used to enable the collection of any overdue debts, following organisational policies, legal procedures and methods for collecting debts.

Knowledge and use of performance measures relating to liquidity, profitability and gearing are fundamental to this unit. Students will also develop their understanding of liquidity management, bankruptcies and insolvencies, as well as the mechanisms of invoice discounting, factoring and credit insurance.

This unit is optional in the Level 4 Diploma in Professional Accounting.

    About AAT: AAT is the UK’s leading professional body offering skills-based accountancy and finance qualifications. Their qualifications are practical, internationally recognised and can open doors in any industry across the world.

    Important Notice

    A place on your chosen course is not confirmed until enrolment is complete, and any relevant fees are paid. Adult course times, dates, durations and fees may be subject to change, and courses may be cancelled if minimum numbers are not met.

    Entry Requirements & Progression

    What You'll Need

    Applicants must have achieved a Level 3 accounting qualification. Candidates will be required to attend an interview with the course administrator prior to commencing on the course and demonstrate an appropriate standard of Literacy and Numeracy by way of a short assessment. All elements of the course include a significant amount of writing and literacy skills are as critical as numeracy skills. Basic IT skills will also be required.

    This Could Lead to

    Once qualified, students automatically become AAT affiliate members and, with relevant work experience, will qualify for AAT full membership, enabling use of the designatory letters MAAT after their name. However, the primary and most important outcome of this qualification is that it can lead to a wide variety of well-paid accountancy and finance jobs, some of which are professional accounting technician, assistant auditor, assistant management accountant, commercial analyst, payroll manager, senior financial officer, accounts payable and expenses supervisor, assistant financial accountant, cost accountant, fixed asset accountant, indirect tax manager, senior fund accountant, senior insolvency administrator, tax supervisor and VAT accountant. The AAT qualification can give qualified students exemptions towards part of the UKs chartered and certified accountancy qualifications.

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    Availability & Enrolment

    Course ID

    P4411-RORO-E-P4

    Location

    Eastleigh College

    Total Fees

    £386

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