Chapter I –

Introduction to
Credit and Collection
LEARNING OBJECTIVES
FINANCE: DEFINITION
CLASSIFICATION OF FINANCE
FINANCE IN THE BUSINESS
WORLD
Business Finance and
Credit and Collection
• Credit and Collection is one of the important department
under the finance department of any business organization.

• The purpose of this department is to perform credit and

financial analysis to the business’ clients or customers before
the credit granting.

• Another is to ensure the adequate and timely collections, such

purpose will allow the department to acquire needed funds for
the development of the business and to help in the goal
achievement