Credit Management

Campus options: Bedfordview and Randburg

On completion of Credit 4 and 5, the learner receives a certificate in Credit Management from the Institute of Credit Management. The quality of our lecturers, the fact that the material is written by leading industry professionals and the way we present the courses gives the learner optimal opportunity to gain both the theoretical and practical aspects of the course.

Download a CBT registration form (Word)

Download a CBT registration form (PDF)

Campus options: Bedfordview and Randburg

Outcomes
  • Understand and define credit
  • Understand and explain the different forms of credit
  • Understand the effect of the National Credit Act on consumer credit
  • Understand and explain the sources and role of credit
  • Understand and explain the internal credit environment
  • Understand and explain the Basic Law of Contract
  • Understand and explain the role of the supervisor
  • Reconciling of accounts
Assessment

The skills acquisition will be assessed by the means of two summative assessment tests, one summative assignment and a final summative assessment through the ICM.

The ICM has now received Professional Body status.

Campus options: Bedfordview and Randburg

Credit 1 is required for the continuation into Credit 2. Once learners have completed Credit 2, they may continue with Credit 3 which will complete their certification with the ICM (Institute of Credit Management).

RPL for Credit 1 may be applied for through the ICM.

Outcomes
  • Understand and explain the economical and legislative factors of credit management and their impact on the customer’s ability to pay.
  • Explain the sources of finance available to companies
  • Set, implement and measure the effectiveness of a credit policy
  • Explain the structure of a credit management department
  • Understand and explain budgets, targets and provisions
  • Assess credit limits and formulate decisions
  • Understand and explain the securing of an account
  • Understand and explain administrative controls
  • Supervise the credit department
  • Understand and explain debt rescheduling
  • Understand the impact of the National Credit Act
  • Understand and explain the legal action to be taken on delinquent debtors
  • Understand and explain export and international credit
  • Understand and explain consumer credit
  • Understand banking credit
  • Understand the role of micro lenders in South Africa
  • Understand liquidations and insolvency
  • Understand the requirements of internal and external audits

The ICM  has been awarded the SAQA Professional Body Status.

Assessment

The skills acquisition will be assessed by the means of two Summative Assessment tests, one Summative Assignment and a Summative Assessment through the ICM.

Campus options: Bedfordview and Randburg

Credit 1 and 2 are required in order to continue into Credit 3. On completion of Credit 3, learners receive accreditation with the ICM and may continue with the new Credit 4 course as well as the Risk Management Program and the AAT accounting program.

Outcomes
  • Understand management
  • Understand insolvencies and liquidations
  • Understand courts
  • Understand litigation, debt recovery and liquidation in high court
  • Understand applicable acts/bills
  • Understand financial management
  • Understand the Usury Act
  • Understand the Credit Agreements Act
  • Understand the Insurance Act
  • Understand the Companies Act
  • Understand the National Credit Bill

The ICM  has received the  SAQA Professional Accreditation Status.

Assessment

Learners will need to complete two Summative Assessment tests, one Summative Assignment and one final Summative Assessment through the ICM.

Professional designation

 Professional designation is offered to all students who have completed Credit Management part 1 and part 2 and have a minimum of 3 years experience in the credit environment. We are the first country in the world to have Professional Designation.

 A professional designation means that letters may be put behind your name as recognition of your current status in the industry. You will be added to the SAQA database so employers can have access to your qualifications.

 CPD will allow applicants to maintain the designation by attending workshops offered by the ICM. For every workshop attended you will receive points and these points build up to 30 points over a 3 year period.

Campus options: Bedfordview and Randburg
Outcomes
  • Human Resource management
  • Credit Management statistics
  • Business law
  • Introduction to Business Economics

ICM Accreditation: the ICM  has received the SAQA Professional Body Status.

 Assessment

Learners will need to complete two Summative Assessment tests, one Summative Assignment and one final Summative Assessment through the ICM.

Once Credit 4 / 5 is completed, the learner may continue on to the AAT Certificate Accounting Technician qualification. NQF Level, 3, 4 and 5.

The qualification and assessments are internationally recognised. For more information either go to the AAT page or contact Heather Lawlor directly on: cbt@linknet.co.za , or  cbt.accounting@linknet.co.za or  call 011 450 3914 /44.

Professional designation

Professional designation is offered to all students who have completed Credit Management part 1 and part 2 and have a minimum of 3 years experience in the credit environment. We are the first country in the world to have Professional Designation.

A professional designation means that letters may be put behind your name as recognition of your current status in the industry. You will be added to the SAQA database so employers can have access to your qualifications.

CPD will allow applicants to maintain the designation by attending workshops offered by the ICM. For every workshop attended you will receive points and these points build up to 30 points over a 3 year period.

The ICM is working on the next Professional Designation in conjunction with SAQA to be awarded after Credit 4 and this shall be announced shorted.

On the completion of Credit 1,2,3 & 4, the learner may continue to Credit 5 and become the recipient of a Certificate in Credit Management from the Institute of Credit Management.

Outcomes
  • Reporting
  • Economics
  • Accounting: Understanding
  • Principals of Risk Management
  • Managing Diversity
  • Business Management
  • Business writing skills
  • Business Etiquette
  • Sales, Marketing and Ethics
Assessment

Learners will need to complete two Summative assessments, one Summative Assignment and one Final Summative assessment through the ICM.

Once Credit 5 is completed, the learner may continue on to the AAT Certificate Accounting Technician qualification. NQF Level, 3, 4 and 5.

The qualification and assessments are internationally recognised. For more information either go to the AAT page or  call 011 450 3914 /44.

Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.
- Albert Einstein