Page 1 |
Previous | 1 of 1 | Next |
|
This page
All
Subset
|
Bulletin HASKINS & SELLS 45 The Bank Credit Man's Point of View WE are distributing with this number of the Bulletin an article entitled "What the Accountant's Report Should Show the Banker," by Arthur L. Moler, assistant credit manager of the Union Trust Company, Cleveland, Ohio, reprinted from the February, 1922, number of Administration. This excellent article is especially welcome because it states clearly the position taken by bank credit men generally and helps to pave the way for closer co-operation between bankers and accountants in the interest of borrowers. The accountant serves the borrower. The borrower must satisfy the banker through the accountant. Hence the accountant must know what the banker wants. There is little comment to be made on Mr. Moler's article except perhaps to say that additional light might be thrown on certain matters by a comparative statement which through increases and decreases would indicate certain tendencies not disclosed by a single set of figures. Thus, also, would be eliminated the necessity of giving in the cost of sales, details of inventories both at the beginning and end of the period. Another thought which Mr. Moler possibly in the pressure of many other points requiring discussion has failed to bring out, is that much collateral information of use to the banker in arriving at his conclusions might be furnished by the accountant if the accountant and the banker were to be brought into contact before the engagement is undertaken. This condition if laid down by the banker would doubtless in most cases have the concurrence of the borrower, and not only contribute to the successful rendering of the service, but, as a sequel thereto, facilitate the granting of the credit.
Object Description
Title |
Bank credit man's point of view |
Author |
Anonymous |
Contributor | Moler, Arthur L. |
Subject |
Banks and banking -- Accounting |
Citation |
Haskins & Sells Bulletin, Vol. 05, no. 06 (1922 June 15), p. 45 |
Date-Issued | 1922 |
Source | Originally published by: Haskins & Sells |
Type | Text |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Libraries. Accounting Collection |
Date-Digitally Created | 2009 |
Identifier | HS Bulletin 5-p45 |