This is a standalone unit which is part of the level 4 AAT Accountancy qualification. This unit is about understanding and applying the principles of effective credit control in an organisation.
You will require understanding of the principles of credit control in the context of the relevant legislation; contract law; best practice; professional ethics. and organisational policies. You will also be able to describe remedies for breach of contract, as well as the terms and conditions of contracts with customers.
Credit Management is an optional unit.
This is a full cost course. There is no fee remission available and you cannot apply for an advanced learner loan to pay for your fees.
What You'll Learn
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.
This course is aimed at learners who already have a level 3 qualification (i.e. A2s, extended/subsidiary diploma, Access to HE) or a strong portfolio of work. You are expected to hold GCSE English and maths at grade 4/C or equivalent. We welcome applicants who do not match standard entry requirements but who can demonstrate ability to study this subject at university level, and who can evidence relevant experience. Due to the nature of this programme you may be invited to attend an interview or audition. Where necessary other means of interview/audition (i.e. telephone, web based, CD/DVD) can be arranged. You will need to have completed AAT level 3.
How you will be assessed
All units are assessed by an end of unit on-line examination. You will also be continuously assessed during the course and feedback will be provided by the tutor.
Total Fees: £475.00
Tuition Fees (16-18): £0
Tuition Fees (19+): £0
If the course is longer than one year the total fees are for the first year only and further fees may apply in future years. All fees are based on a ‘home’ learner status. Please contact us for information on overseas fees.
For more information, please see our course fee disclaimers page.
If you are aged 19 or over there is no government funding available for this course. However you may be eligible to apply for an Advanced Learner Loan for the course fee.
Course and Career progression
On completion of the AAT level 4 Credit Control unit and all four mandatory units you need to complete the other optional units to achieve the whole AAT level 4 qualification. Once you have completed the whole AAT Level 4 qualification, you can progress into employment where you may find work as a senior accounts assistant, budgeting accountant, or management accountant. You may also meet the entry criteria for ACCA, ICAEW, ICAS, CIMA and CIPFA qualifications. You will be entitled to get exemption from some of the units required to completed these qualifications. Additionally, you may be able to set up an accountancy practice, subject to AAT rules, to audit, complete the final accounts of a sole trader and/or a limited company as well as submit tax returns if that services is required by clients.
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