Business
Fee Information

Fees indicated are based on the current year (August 2016 to July 2017) and are subject to change next year.

Our further education courses (Entry to Level 3) are usually free if you are 16-18 years old. Depending on your circumstances, you may be eligible for financial support to help with other costs associated with your course such as course materials and travel.

If you are aged 19 or over you may be required to pay fees.

If you are enrolling onto a Level 3 or 4 course and are over 19 years of age the fees may be higher and you will be required to take out an Advanced Learning Loan, please see the guide to fees for more information.

International students will be required to pay the full International course fee.

For more information, see our guide to fees.


About this course

This unit is about understanding and applying the principles of effective credit control in an organisation. Students will require an understanding of the principles of credit control in the context of relevant legislation, contract law, best practice, professional ethics and organisational policies. Students will also be able to describe remedies for breach of contract, as well as the terms and conditions of contracts with customers. Students 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. Students will apply their skills to monitoring and evaluating credit control in compliance with organisational policies and, in particular, will learn the importance of liquidity management. Knowledge of bankruptcies and insolvencies will be required, as well as of the mechanisms of invoice discounting, factoring and credit insurance. Students will be expected to demonstrate their 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 taken and recommendations given will be essential skills required of the student.

Learning outcomes:

  1. Analyse relevant legislation and contract law that has an impact on the credit control environment
  2. Critically analyse information from a variety of sources to assess credit risk and grant credit in compliance with organisational policies and procedures.
  3. Evaluate a range of techniques to collect debts
  4. Critically evaluate credit control in line with organisational policies and procedures
  5. Present advice and recommendations to management on the credit control system
Entry Requirements

To start this programme, you will need to have completed the following qualification: AAT Advanced Diploma in Accounting

This course may also be appropriate for those are already working in finance who would like to continue to build their accounting skills and would like a formal recognition of their skills.

Assessment Method

Students must successfully complete one end-of-qualification computer-based assessment to achieve this qualification. The proportion of this qualification assessed by external assessment is 100%

Study Methods

You will learn in dedicated classrooms and study on a part time basis which will consist of two evenings per week being taught by a highly experienced lecturer. The Professional Diploma modules start in September, January/February each year.

Enrolment

We look forward to welcoming you to Ealing, Hammersmith and West London's College. We are enrolling now. Come along to the College to enrol directly. See our enrolment dates and times. www.wlc.ac.uk/enrol