SFU 1491 Credit Management - RE-SIT EXAMINATION
APPLIES TO ACADEMIC YEAR 2014/2015
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SFU 1491 Credit Management - RE-SIT EXAMINATION
Responsible for the course
Emanuel Blattner
Department
Department of Accounting - Auditing and Law
Term
According to study plan
ECTS Credits
7,5
Language of instruction
Norwegian
Introduction
Learning outcome
Acquired knowledge
After taking the course, the students shall be able to explain key concepts and give an account of the tools used in credit policy, financial consequences of credit management, credit conditions and portfolio theory I credit management.
Examples of concepts that students shall be able to explain: cash flow, statement of income and profit, balance sheet, economic indicators in credit management, working capital management and its influence on cash flow, customer ratings an portfolio theory in credit management.
Acquired skills
After taking the course, the students shall be able to (a) apply knowledge (i.e. concepts and skills) in analyses and discussions on credit management problems, (b) distinguish between relevant and irrelevant information, and (c) give written answers to questions so that the readers understand the applied methods and conclusions.
Examples:
- Financial statement analyses
- Calculation of economic indicators
- Risk assessment analysis of companies
- Elaborate customer ratings
- Analyse the process of credit worthy
- Apply portfolio theory on credit management problems
Reflection
After taking the course, the students shall be able to ask critical questions and reflect on crucial assumptions and theories within the credit management field.
Prerequisites
The same as the program
Compulsory reading
Books:
Eklund, Trond, Knut Knudsen. 2011. Regnskapsanalyse : aktiv bruk av regnskap. 8. utg. Gyldendal akademisk
Recommended reading
Books:
Eklund, Trond og Knut Knutsen. 2011. Hjelper til Regnskapsanalyse med årsoppgjør. 5. utg. Gyldendal akademisk
Course outline
Financial consequences of credit management:
- Cash-flow and profit
- ROCE
- Targets for cash flow
- Working capital management
- Loss analysis
Credit policy and organization structure:
- Investment-policy in credit management
- Credit policy in accordance to credit management roles
Risk management:
- Credit risk portfolio management
- How to use credit ratings
- Data analysis of credit risk
Computer-based tools
Excel spread-sheets are used during the course. In addition computermodels for estimating risk are used.
Learning process and workload
The course will include lectures, case studies and home assignments.
The students are required to solve three mandatory home assignments during the course.
The home assignments must be solved by groups of three or less students and must be passed to obtain a final grade in the course.
Recommended use of hours:
Activity | Use of hours |
Lectures | 35 |
Assignments | 65 |
Reading literature | 97 |
Final exam | 3 |
Total use of hours recommended | 200 |
Exact deadlines for handout and delivery of home assignments will be given when the course starts.
Examination
The grade is based on successful completion of the home assignments which are graded pass/fail, and a four hour individual written exam.
Examination code(s)
- SFU 14912 Mandatory Home Assignment 1. Pass/fail.
- SFU 14913 Mandatory Home Assignment 2. Pass/fail.
- SFU 14914 Mandatory Home Assignment 3. Pass/fail.
- SFU 14911 Written exam, counts 100% to obtain final grade in SFU 1491, Credit Management, 7,5 credits.
Both home assignments and written exam must be passed to obtain final grade.
Examination support materials
Calculator TEXAS INSTRUMENTS BA II Plus™ only is allowed.
Exam aids at written examiniations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids
Re-sit examination
Make up examinations are held in the next ordinary course.
Additional information
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