Credit Management Part 2

sarah n

Hi, has anyone sat the Credit Management Part 2 exam yet (the one on the word document that you have to download - complete and then upload.) I just wondered if it was the same as the practice one e.g. same ratios - Current Raio, Gearing, Operating Profit, and interest cover.

My exam is not for another 3 weeks but i want to be prepared and to make sure there are no more ratios i need to go over. Thanks as always!

linzip1703

Hi
i have sat it, the ratios where exactly the same as the practice papaer, but we were told that they can be any of the ones in the book.
Maybe just memorise the ones on the paper but have a look over the others just to be on the safe side.

Good luck

welshwizard

Make sure that, whilst you complete the questions, you also ensure that you check the declaration of authenticity and enter your name, membership number and centre code. If you don't tick the authenticity statement your tutor/assessor is not duty bound to assess the work!

Make sure that you follow the instructions carefully when downloading and uploading back to LearnPlus.

Make sure that you type in your boxes and not the assessor feedback boxes.

Be very carefuol during the Ratio tasks. Beware that if you click outside of a greyed out text entry area, you will be magically transported to any part of the assessment document and you could end up entering the wrong answers in the wrong boxes. As all the pages look the same you could easily enter the wrong information.

Make sure that before you upload your completed document, you have checked that you have answered all questions!

Remember that letters don't start with Dear Sir - you should always start with sender's address, date, recipient details, references etc and always close with the appropriate words yours faithfully or yours sincerely.

Follow the Credit Policy to the letter but make sure that your decisions are also made using your 'Business Head' e.g. a really good £2million customer should not be put on stop/taken to court for a 6 month old £50 debt.

Finally, make sure that your scrolling button works well on your mouse! It will be well used.

sarah n

Thanks for all the tips, they're definitely useful. I know what my weekend is mainly going to consist of... Revision!!

linzip1703

i can repeat the above, a friend who sat the same exam managed to flick out the box and as it did, it deleted the two letters she had just completed.
Make sure you save the work regularly as you go along.

Good luck