Credit Management Principles & Practices

9780934914918

0934914915

Credit Management: Principles and Practices is one of the best books ever written to develop business credit managers. The third edition identifies specific business credit-related tasks and illustrates specific contemporary tools. Results from research obtained by surveying business credit managers identify tasks essential for initial employment and job advancement in the credit profession. Current key changes that are shaping the profession can be useful as focal points to further develop credit personnel. The book is a pedagogically sound teaching-learning vehicle. Not only can the book be used to teach a structrued college-level course, it can also be used as an in-house training vehicle for developing credit personnel. Each chapter includes specific key learning objectives and numbeous topics vital to the effective management of the credit function. Chapters also include a recap of important concepts, review/discussion questions, a Test Your Knowledge section, recommended readings and web sites. Concise examples illustrate key financial ratios, interest rate calculations, cash flow analysis, the Lambda Index, Best Possible DSO, DuPont Analysis, credit scoring, bankruptcy prediction and bankruptcy liquidation. Content includes credit policy, pertinent legislation, international credit, secured credit arrangements, conducting a credit investigation and collection activity.