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Credit and Collection

Lecture

Prepared by:
Mr. Elmin Franchezko F. Valdez, CPA

Credit Management

It is the science of evaluating the


creditworthiness of a person and its grant.

Collection
Management

It is the art of collecting what has been granted


in credit to persons and maintaining continued
patronage and goodwill in the process.
It must be remembered that a sale is never
sale unless collected.


Bad Credit can never be eliminated but maybe
minimized.

Usually people commit negligence: by either


commission or omission in its grant or enforcement
if it is not properly managed.