Finance industry and financial reports

DUE: 10.17.14 @11:59pm

 

If you were to enter the banking industry you may find yourself approving or not approving loans. The following is a good example of a common event you may encounter.

 

Company X is looking for a $100,000 to purchase new equipment. The finance manager for Company X recently presented financial reports. Upon further analysis of the statements you, the banker, noted some window dressing of financial statement. In this case it seems Company X will delay payments to vendors in order to make their cash position look higher.

  • Do you see this practice a matter of ethical and or legal concern?
  • Do you think most all company’s ‘window dress’ their data?

Please explain your decision to approve or disapprove Company x’s loan.

 

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1-2 references in APA citation(I willn’t need anymore then 3 sources for sure)

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And NO plagiarism!!

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