Why you would want the financial statements to be audited

Assignment Help Other Subject
Reference no: EM132280304

Question: Resources: Generally Accepted Accounting Principles (GAAP), U.S. Securities and Exchange Committee (SEC), Scenario Worksheet Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.

Scenario: You are a loan officer for White Sands Bank of Taos. Paul Jason, president of P. Jason Corporation, has just left your office. He is interested in an 8-year loan to expand the company's operations. The borrowed funds would be used to purchase new equipment. As evidence of the company's debt-worthiness, Jason provided you with facts (available in the attached Scenario Worksheet). Jason is a very insistent (some would say pushy) man. When you told him you would need additional information before making your decision, he acted offended and said, "What more could you possibly want to know?" You responded you would , at minimum, need complete, audited financial statements.

Develop a 600-word examination of the financial statements and include the following:

• Explain why you would want the financial statements to be audited.

• Discuss the implications of the ratios provided for the lending decision you are to make. That is, does the information paint a favorable picture? Are these ratios relevant to the decision? State why or why not.

• Evaluate trends in the performance of P. Jason Corporation. Identify each performance measure as favorable or unfavorable and explain the significance of each.

• List three other ratios you would want to calculate for P. Jason Corporation, and in your own words explain in detail why you would use each.

• As the loan officer, what else would you do to gain a better understanding of Paul Jason's, and the Corporation's financial picture and why?

• Based on your analysis of P. Jason Corporation, will you recommend approval for the requested loan? Provide specific details to support your decision.

Information related to above question is enclosed below:

Attachment:- ScenarioWorksheet.rar

Reference no: EM132280304

Analyze why the journalist believes the topic is newsworthy

Distinguish between "facts" as set forth by the author and "opinions" of the author (discuss this). Analyze why the journalist believes the topic is newsworthy. Finally, com

How the stimulation of x might produce excitation of z

A. Suppose neuron X has a synapse onto neuron Y, which has a synapse onto Z. Presume that no other neurons or synapses are present. An experimenter finds that stimulating ne

Consider a local retailer and analyze its inventory policy

After reading through the chapter, consider a local retailer and analyze its inventory policy (as best you can). Make some determination of the retailer's policy on inventor

Career possibilities and real world usefulness of research

Imagine you are an academic advisor and you are working at a booth at a University fair. You want to explain the career possibilities and real world usefulness of research i

How would you present a case to a court to show your client

Imagine you represent a person who claims to have been the victim of a breach of contract. Determine the information that you would need to know to best determine if there w

What emotional consequences might thelma experience

Did Thelma do the right thing by revealing her knowledge of her father's drug use to her mother? Explain why. What behavioral and emotional consequences might Thelma experienc

Does it appear that sbh has an overall marketing plan

What are the implications of focusing marketing efforts on corporate image rather than the services the organization provides? What are the implications of marketing to the ge

Distinguish different stages of civil rights movement

Distinguish the different stages of civil rights movement. Make sure to incorporate the people, organizations, and strategies which contributed to successes and failures of

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd