CREDIT MANAGEMENT

Credit Management: Theory and Practice

Credit Management: Theory and Practice

Introduction

This paper will be discussion the role of credit policies and how it supports corporate profitability. The credit policy of a company sets the standard for determining whether credit should be given to a customer or should not be given to him/her. The company must deal with the credit standards and the correct use of these standards to make credit decisions and develop appropriate information sources and methods of credit analysis. Each of these aspects of credit policy is important for the successful management of accounts receivable of the company. ...