Field Business
Review of Credit Administration and Credit Management unit standards
|
Subfield |
Domain |
ID |
|
Financial Management |
Credit Administration |
16757-16759, 21415, 21416 |
|
|
Credit Management |
16760, 16761, 16958, 16959, 17701, 17703, 17704, 16960 |
The Skills Organisation has completed the review of the unit standards listed above.
Date new versions published 18 June 2015
Planned review date 31 December 2020
Summary
All unit standards reviewed have updated review dates. All legislative content in the unit standards has been reviewed for currency.
Main changes
· Review date for all unit standards has been changed to 31 December 2020
· Explanatory notes amended to allow for evidence to be based on industry practice where evidence of organisational practice is not accessible.
Impact on registered qualifications
|
Key to type of impact |
|
|
Affected |
The qualification lists a reviewed classification (domain or subfield) in an elective set The qualification lists a standard that has changes to level or credits The qualification lists a C or D category standard |
|
Not materially affected |
The qualification lists a standard that has a new title The qualification lists a standard that has a new classification |
Detailed list of unit standards – classification, title, level, and credits
|
Key to review category |
|
|
A |
Dates changed, but no other changes are made - the new version of the standard carries the same ID and a new version number |
|
B |
Changes made, but the overall outcome remains the same - the new version of the standard carries the same ID and a new version number |
|
C |
Major changes that necessitate the registration of a replacement standard with a new ID |
|
D |
Standard will expire and not be replaced |
Business> Financial Management> Credit Administration
|
ID |
Title |
Level |
Credit |
Review Category |
|
16757 |
Determine applicant’s suitability for credit |
3 |
10 |
B |
|
16758 |
Administer financial collection processes |
3 |
10 |
B |
|
16759 |
Demonstrate telephone techniques for debt collection |
3 |
5 |
B |
|
21415 |
Demonstrate knowledge of legislation applicable to credit control |
3 |
5 |
B |
|
21416 |
Administer credit control |
3 |
10 |
B |
Business> Financial Management> Credit Management
|
ID |
Title |
Level |
Credit |
Review Category |
|
16760 |
Demonstrate knowledge of credit dispute resolution processes |
4 |
5 |
B |
|
16761 |
Demonstrate knowledge of the repossession of goods in accordance with the Credit (Repossession) Act |
4 |
10 |
B |
|
16958 |
Evaluate credit worthiness |
4 |
10 |
B |
|
16959 |
Manage credit facilities |
4 |
10 |
B |
|
17701 |
Produce and distribute management reports to manage credit risk |
4 |
10 |
B |
|
17703 |
Apply legal requirements to credit contracts |
4 |
10 |
B |
|
17704 |
Recover debt using legal proceedings |
4 |
10 |
B |
|
16960 |
Manage credit policies and procedures |
5 |
10 |
B |