What were the ethical pressures on the Penn Square Bank concerning documentation, credit extension, and revenue recognition that lead to the final collapse? What should have been done to reduce or offset these pressures?© BrainMass Inc. brainmass.com October 25, 2018, 6:27 am ad1c9bdddf
The ethical pressure on Penn Square Bank concerning documentation was that they did not keep the documentation required to operate the bank. The pressure was that the cost of keeping documents would be prohibitive. The bank was not able to manage its credit risk because it did not have a sound financial recordkeeping system. From the deontological ethical perspective, it is the duty of Penn Square Bank to maintain adequate documentation. The action of not keeping adequate documents is an action of low moral worth.
The policy of credit extension of Penn Square Bank to insiders as well ...
This explanation provides you a comprehensive argument relating to Revenue Recognition
Comparing and Contrasting Ratios
Please submit a 3 page word document in APA format with references comparing and contrasting the company ratios (See table 1.1) to one another and the industry. Make a determination of which company is in a better financial situation as part of your conclusion. Also discuss how each company compares to the industry averages.
See Financial Accounting Week 8 Written Assignment Attachment
I have completed the requested ratios (see table 1.1 in attachment). In addition, I have attached the appendices from which the numbers for the ratios have been obtained from. I am having trouble understanding what company is doing better than the other and how all of this relates Industry Average. From what I can gather, it appears that Urban Outfitters is doing better than American Eagle and the Industry Average. However, I am at a lost for how to word this possible discovery into three pages. I need a great deal of help to answer the questions asked above. The help is greatly appreciated.View Full Posting Details