UNIT DESCRIPTION

This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to understand the environment under which businesses operate for purposes of designing and implementing credit management policies and approaches

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

• Demonstrate understanding of the structure of the economy
• Evaluate the impact of supply and demand on business organisations in line with managing credit transactions
• Align lending proposals to structures and operations of different forms of business organisations
• Apply PESTEL analysis (and other tools) to evaluate the impact of internal and external factors on the business organisation
• Gauge the business cycle impacts on business decision making
• Analyse the conflict of macro-economic objectives of Governments and business objectives in credit decision making