The Gulf Organization for Industrial Consulting (GOIC) will hold a training course in Jordan on credit risks in the small and medium enterprises (SME) and assess profitability in collaboration with the Arab Academy for Banking and Financial Sciences.
The course, which will be held at the headquarters of the Academy in Amman between August 25-28, aims at the introduction of credit risks that usually face SME and ways for resolution and mitigation. Analysis of credit risks and preparation of credit reports for SME to ensure proper credit decision-making will be tackled.
The course is directed toward those responsible for credit in commercial banks and specialized financial institutions in SME, in addition to loan officers and account http://www.staging.businesstoday.me/wp-content/uploads/2022/12/sample10.jpgistrators in commercial, industrial and Islamic banks, as well as financial institutions dealing with SME. Relevant authorities for financing SME such as chambers of commerce and industry, and officers of specialized funds of such projects are also included.
Participants will be provided with adequate information on credit risks and their causes to SME, the role of information in the identification of such risks, in addition to the types of credit risks for SME and ways to reduce and detect them. They will also be addressed on the terms and conditions required by the credit officer, risk guarantees, methods and criteria for evaluating facilities, free cash flow, as well as ways of calculating cost of capital, the concept of fair value of assets and the concept of time value of money (TVM).
They will also recognize the criteria for the evaluation of facilities, including standards that ignore time value of money, and standards that take this value into account, as well as the criteria for measuring undiscounted business profitability under certainty conditions, with a review of payback period standard, the international accounting standard (IAS), discounted commercial profitability standards (economic criteria), net present value standard, the standard of income rate of return, and the criteria for measuring business profitability under conditions of uncertainty. During the training, participants will be distributed to work teams to handle practical situations.
Participants in the course will also be briefed in this workshop on ways of self and external investments, the financial, technical and economic credit risks, with access to the methods of Islamic Finance (musharakah, mudarabah, murabaha), along with the concept of asset protection and related financial risk analysis. In addition, they will learn about loans with second priority, comprehensive review of secured lending, notes receivable and how to finance them, warehouse receipts and how to fund them, and trusteeship receipts and how to finance them, with practical situations and work teams.
GOIC seeks to promote individual and organizational capacities of the industrial sector in GCC countries and Yemen through its Training and Capacity Development Program (TCD).
GOIC is a Doha-based regional organization that brings together the United Arab Emirates, Bahrain, Saudi Arabia, Oman, Qatar, Kuwait and Yemen. It is an advisory knowledge-based institution aiming at developing regional industries by providing data, information, specialized researches, consultations and technical services for the public and private sectors in GCC countries.
It’s the top industrial consultations expertise hub boosting industrial development in GCC countries and Yemen. It seeks industrial integration and coordination between Member States and endeavors to shape a regional industrial policy.
Source : Qatar News Agency
