Banking: Irregularities on Loans and Discounts
The loans and discounts account is the most vulnerable to internal frauds. It is in this account where wrecking frauds in a financial intermediary were committed because of the essential amounts involved. The frauds related to this account are usually performed by officers and not by an ordinary employee unless through conspiracy.
How to teach Financial Management to Kids
Parents who are blessed with children and love them dearly must also teach them how to manage their money.
How to handle Credit Problems
Closing the door on a customer who cannot pay is rather expensive to the salesperson and to the customer as well, assuming the product or service is really needed in business. That’s why, before setting for the closed door option, it pays to review the facts of the case with some pertinent question in mind.
The Different Needs of Bank Customers
There are three main groups of bank customers: the corporate, the commercial and personal. It is the responsibility of the bank representative to match competitively the customer’s wants and needs with the bank’s resources.
Accountability in Banking
Success in business is measured primarily by the excess of revenues over expenses from the business operation that produces the net income. However, Investors and creditors will only determine the ultimate success of an entity upon liquidation.
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