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Q. Credit Reference Agencies and Credit Scoring ?
A several organisations example Dun & Bradstreet and Standard & Poor provide credit scores and ratings for companies. These may perhaps take the form of a simple rating from AAA to CCC or a more detailed report.
If Fenton Security already has broad sales records it may be likely to utilize those records to compile a credit scoring system. Credit scoring works by specifying the characteristics known to be related with good/bad debts and allocating customers a score based on their particular characteristic profile. Credit scoring is usually used in retailing when determining the credit limits to be granted to personal customers but the same principles can readily be applied to commercial customers.
Disclaimer of leases In principle where the bankrupt is a lessee the lease cannot be disclaimed without leave of the court; but such leave is not required in the following case
PURPOSE The purpose of this assignment is to provide learners opportunity to discuss the significance of the significance of the accounting principles and the qualitative chara
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