Question
In looking at the differences between financial and managerial accounting, discuss the information an banker would need to evaluate a mid-sized business for a loan.
In looking at the differences between financial and managerial accounting, discuss the information an banker would need to evaluate a mid-sized business for a loan. Assume the business has been in existence for 5 years and has a fair record of paying on existing loans. The loan is to help expand the business into a new market. In looking at financial accounting financial statements and managerial accounting financial statements, which will provide the best information to the loan officer and why? Feel free to pull the best from each type. Feel free to suggest information you would want to know in making your decision.
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