Field Business
Revision and rollover of Financial Management
Subfield |
Domain |
ID |
Financial Management |
Credit Administration |
16757-16759, 21415, 21416 |
Credit Management |
16760, 16761, 16958-16960, 17701, 17703, 17704 |
Forest Industries Training and Education Council (FITEC) has completed the revision and rollover of the unit standards listed above.
Date new versions published November 2012
Planned review date December 2013
Summary
The unit standards were revised to update the references to legislation; extend the planned review date to 2013 in order to maintain currency during the Sector Review process, and address an issue with the assessability of these standards.
Main changes
· References to legislation were updated in standards 17703, 17704 and 21415.
· The planned review date was amended to December 2013.
· Format was updated to the new template.
· The following statement was added as an explanatory note to all unit standards listed:
This unit standard may be assessed on-job in the workplace using naturally occurring evidence or in off-job simulated work situations designed to draw upon similar performance to that required in work in a credit administration and/or credit management context.
Detailed list of unit standards - classification, title, level, and credits
No changes have been made to classification, title, level or credits for these unit standards
Business > Financial Management > Credit Administration
ID |
Title |
Level |
Credit |
16757 |
Determine applicant's suitability for credit |
3 |
10 |
16758 |
Administer financial collection processes |
3 |
10 |
16759 |
Demonstrate telephone techniques for debt collection |
3 |
5 |
21415 |
Demonstrate knowledge of legislation applicable to credit control |
3 |
5 |
21416 |
Administer credit control |
3 |
10 |
Business > Financial Management > Credit Management
ID |
Title |
Level |
Credit |
16760 |
Demonstrate knowledge of credit dispute resolution processes |
4 |
5 |
16761 |
Demonstrate knowledge of the repossession of goods in accordance with the Credit (Repossession) Act |
4 |
10 |
16958 |
Evaluate credit worthiness |
4 |
10 |
16959 |
Manage credit facilities |
4 |
10 |
16960 |
Manage credit policies and procedures |
5 |
10 |
17701 |
Produce and distribute management reports to manage credit risk |
4 |
10 |
17703 |
Apply legal requirements to credit contracts |
4 |
10 |
17704 |
Recover debt using legal proceedings |
4 |
10 |