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Probir Banerjee has Published 468 Articles
Probir Banerjee
1K+ Views
For a business to continue running with granting credit, it must continuously monitor the accounts receivables so that there is no laxity in the process of credit collection. There are two traditional methods that are used to monitor accounts receivables. These areAverage Collection PeriodAging Schedule.As these methods have some limitations, ... Read More
Probir Banerjee
850 Views
The notable drawback of traditional methods of monitoring receivables is that they are dependent on aggregated data. Moreover, methods such as Average Collection Period (ACP) and aging schedule fail to relate outstanding accounts receivables of a certain period with the credit sales in that particular period of time.Therefore, two professionals ... Read More
Probir Banerjee
510 Views
What is Discriminant Analysis?Apart from using a numerical scoring model, a firm may use discriminant analysis in credit scoring models.Discriminant analyses for credit scoring are divided into two sections. They are as follows −Simple Discriminant AnalysisMultiple Discriminant Analysis Models.Discriminant models are objective methods of finding the differences between good and ... Read More
Probir Banerjee
453 Views
Aging ScheduleThe aging schedule is a summarized list of accounts receivable broken down into different time periods that rank the receivables depending on days until due or past due. The aging schedule is generally divided into 30 days’ categories so that the current items are listed in the 0–30 days’ ... Read More
Probir Banerjee
377 Views
What is Credit Analysis?Credit analysis is an important aspect of business organizations and lenders who offer loans or goods and services on credit. Credit analysis reveals the nature of the customers and shows the potential customer who would be either good or bad in repaying the credited amount. The findings ... Read More
Probir Banerjee
156 Views
Collection ProcedureCollections of credit are a very important part of the credit management process as it is the final part of the initiative. By collecting the dues, a lender completes the cycle of credit management. Since collecting the dues is the sole reason for granting credit, firms must know how ... Read More
Probir Banerjee
114 Views
Credit ScoreThe lenders usually depend on a credit score to check how good or bad an individual is in repaying the debt. This score is known as a credit score. A credit score is a key to getting a new loan approved or rejected. When the credit score is above ... Read More
Probir Banerjee
127 Views
What is a Marginal Account?Marginal accounts allow investors to borrow money by putting securities they buy as collateral which can be used to buy more securities or for other purposes.The investor’s status of securities can also be viewed by a broker in the case of a marginal account. These accounts ... Read More
Probir Banerjee
187 Views
Credit AnalysisCredit analysis is an important part of businesses that provide credit to their customers in order to expand their business portfolio. However, like all other protocols of business, credit analysis is also based on some important factors.To get rid of losses created by bad debt and lengthy payments, businesses ... Read More
Probir Banerjee
271 Views
What is Credit Analysis?Every business that offers credit to its customers faces a risk of losing money in terms of bad debts. Moreover, many organizations that are granted credit may delay in making payments which may hurt the firm that offers credit to such customers. It is therefore necessary for ... Read More