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DEMAND FOR CREDIT IN THE COVID-19 ECONOMY (AND HOW TO MANAGE IT)

4.4 (231)

Gary Mendell

Meridian Finance Group

Wednesday, April 15, 2020 | 03:30 PM EDT

  • CPA

1 Credit

FREE

Subject Area

Finance

Course Description

As the spread of COVID-19 goes global, the economic effects of social-distancing measures to contain the virus, along with plummeting consumer and business confidence, have delivered a sharp blow to near-term growth prospects and roiled financial markets. Demand for credit was growing in the U.S. and around the world even before the corona-virus outbreak.In times of economic uncertainty or the beginning of a downturn, companies often need to draw on their business lines of credit to finance ongoing operations. Companies need to offer competitive payment terms to do business in this unprecedented time. This webinar will help you to answer these questions :

  • How much credit should they extend?
  • What terms should they offer?
  • When will they get paid?
  • Can they still obtain a credit insurance policy? How much will it cost? Will it cover corona-virus risks?
  • What can they do to ensure claims will get paid?
  • How to evaluate debtor creditworthiness in this environment ?

Learning Objectives

  • To identify the credit conditions in the USA and in key overseas markets
  • To recognize how the credit insurance market is adapting to the new risks
  • To recognize why trade debtors need and want longer payment terms
  • To recognize & manage accounts receivable nonpayment risks
  • To identify the compliance criteria for getting credit insurance claims paid

Who Should Attend?

  • Accounting Firm
  • Business Owner
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial Accountant
  • Entrepreneurial CPA
  • Finance Director
  • Finance Pros
  • Tax Firm
  • Young CPA

Testimonial

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    [no_of_record] => 231
    [average] => 4.3896
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4.4

(231)
52%
37%
10%
0%
0%

AB

Gary gave a practical experience on the credit demand topic and shared great insight on the credit insurance market and its risk. I learned a lot of new things by attending this webinar

JO

Despite minor technical difficulties, the seminar offered a good reminder of managing credit during this unusual business cycle and offered possible solutions.

NB

Thanks for sharing the information about the credit demand and covering a hugely important topic in these difficult and trying economic times.

LK

Excellent presentation about the current global environment and what companies can do to improve their cash flow through receivable insurance.

JP

I got an understanding regarding the operational bit of companies and why they are extending the payment period. Outstanding presenting skills. One learning that widened my eye was regarding the risks attached to nonpayments.

JG

The presenter Gary was able to get through all of the material without rushing; He explained the managing credits during the pandemic in a detailed and precise manner which was very helpful for me.