Practice as matter of ethical and or legal concern

Assignment Help Financial Management

Reference no: EM131189848

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 the 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 as a matter of ethical and or legal concern? • Do you think most all companies “window dress” their data?

Reference no: EM131189848

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