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Credit Control

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › Credit Control

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Ken Garrett.
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    Posts
  • June 21, 2020 at 11:19 pm #574438
    michaelsamiotis
    Participant
    • Topics: 47
    • Replies: 27
    • ☆☆

    Hello sir,

    I have a question about credit control. I’ve read that “The Credit Controller is responsible for managing the debts of a business. A Credit Controller oversees all debts owed to a company from existing creditors and manages new requests for credit.”.

    Is that correct? Why does this say, creditors? Aren’t they debtors? Is this about suppliers or only clients? Thank you very much in advance.

    June 22, 2020 at 8:51 am #574452
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Yes, you are right. “The credit controller oversees all debts owed to a company from existing debtors……”.

    Was that error in our material or somewhere else.

    Thanks.

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