Credit Management

Mollypod88

Hi All,

Any tips for Credit Management?

I feel like I can't remember all the forumlas :001_unsure:

Thanks!

guinea pig

Hi Mollypod,
Practice, practice, practice, Greenlight, assesments on here, Osborne online tests, anything relevant that you can find.
You will also need the fomulas and ratios for Financial Statements & Performance, so try and devise a way to remember and understand them.
Good luck,
GP

Stashy

I found this tricky as well, I took my financial statement paper years ago but for this paper is kind of presumed knowledge. Like guinea pig says you have to practice hard but it's not just remembering the formula it's also interpreting the data you find which I thought was hard. Just keep working over and over on the ratios and you should be ok. I took my exam 4 weeks ago and still waiting for the result. Can't be long now.

Sulew17

My advise is the same! Also took my exam approx 4 weeks ago and found it pretty similar to the practise assessment. I wrote the different formulas on cards, together with a small explanation of what they are, to help revise them and understand them - which you might need for one of the written questions. I also did the green light tests over and over until I got 100% - they definitely helped. You will need the formulas for FNST & FNPF (which I'm studying now) so try and get them straight. Keep practising, do any questions from your tutorial or workbook as well. Good luck.

Stashy

Result back... Competent! Thank EFF for that, I thought I'd failed it.

That's it, all done. Phew!

guinea pig

Congratulations Stashy!
GP

Stashy

Cheers GP.

Sulew17

Congratulations Stashy - still waiting for my result!