Course: SAIM Credit Management Principles
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* Please note that SACOB fees excludes Institute fees such as membership fees, registration fees, annual fees, exam fees and exemption fees. You will need to register with the Institute and pay these fees directly to them.
This is the fourth elective course in the SAIM Certificate in Business Management. On completion of this course the student will have a general idea of credit management principles and how to apply them in a work environment with specific reference to South Africa.
South African Institute of Management (SAIM)
Student must have successfully completed Communication, Mathematical Literacy and Accounting at NQF Level 4.
This course can be completed in 3 months but forms part of the SAIM Certificate in Business Management which take 12 months to complete.
•Functions of financial institutions in South Africa
•Credit terms and channels of distribution
•Credit in the economy
•Forms of credit in South Africa
•Forms of business enterprises in South Africa
•Basic law of contract
•Credit agreements and the national credit act
•Basic law of negotiable instruments
•Consumer risk evaluation
•Terms and conditions of sales and trade credit evaluation
•The credit collection policy
•The debt collectors act
•Collection of receivables
•Export terms of sales and delivery
The students will write a 3 hour exam consisting of short questions and essay questions, the aim of the exam it to assess the students’ knowledge of the basic theory of the subject.
This course is a part of a national qualification. At the end of this course you will be awarded a SACOB certificate of completion.