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