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 17, 2018, 4:24 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
Walmart and Target
Look at the total liabilities, shareholders, total revenue, and net profit. For each company I need to calculate the following ratios. Equity to Debt, Return on Investment and Profit Margin. Next, interpret the results. Explain the ratios mean. Which company is a better investment based on these three ratios? I will need to turn in financial statement with my assignment with the numbers circled or highlighted, would be fine.View Full Posting Details