Evaluation of Credit Management in the Manufacturing Company

TABLE OF CONTENT Title page Approval page Dedication Acknowledgement Table of Content CHAPTER ONE 1.0 Introduction 1.1 Background of the Study 1.2 Purpose of the Study 1.3 Scope and Limitation of the Study 1.4 Significance of the Study 1.5 Definition of Terms CHAPTER TWO 2.0 Literature Review 2.1 Development of Credit in Business Management 2.2 Importance of Trade Credit 2.3 Review of the Related Topic 2.4 Legal Consideration for Effectiveness of Credit Control and Management 2.5 Consideration for Effectiveness of Credit Control and Management 2.6 Credit Determination Factors 2.7 Credit Costs 2.8 Risk Evaluation 2.9 Determination of Credit Limits 2.10 Collection Procedure 2.3.0 Appraisal of the Efficacy of Credit Control and Managements†¦show more content†¦Minimization of bad debts and other cost as well as ensuring liquidity at all times. 1.1 BACKGROUND OF THE STUDY The concept of credit management has been in practices for many decades, the granting of credit then was highly primitive The development of credit management is traceable to the Holy Bible, in the book of St. Luke 19 Vs 12-26, where Jesus Christ teaches the parable of the unfaithful servant. He taught them of a credit facility for them to trade with in an attempt to go into a far country to receive for himself a kingdom These ten servants are expected to trade with money advanced to them and make return of both the principal and interest. The latest development to academic interest is credit management is ascribed 1.2 PURPOSE OF THE STUDY In order to provide a useful credit transaction is a business organization, we need sometimes of keeping tract of the daily credit activities and summarizing the outcome in the accounting reports of control should be incorporated into all operate in relation to its benefits without such control. 1.3 OBJECTIVES The main objective of this study will be to examined chow credit sales health, growth and continuity of Lever Brothers Nigeria Plc, Lagos and to offer suggestion where the system appears defective Specifically , this study will among other things i. Highlight the methodology of credit management in the company; ii. 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