A good primer on lending techniques. The introduction chapter highlights the approach of the author Mr. C N Rouse on the lending principles. He is not exaggerating that professional lending does not mean immediate and quick decision. His comments on historical financial statements such as
His comments on management accounting is worth reading. He rightly observes the attitude behind the projections and warns the lenders be aware of this attitude and study the projection critically.
As committed by him in his foreword, he provides a case study for better understanding.
The case study in chapter 1 suddenly brings in an advanced concept of funding for take overs. However, the comments are on more critical eye needed than in depth study of take over funding.
Interested in the book ?
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- Remember the figures are historical and does not guarantee the future performance.
- Remember the figures on the balance sheet is on a particular date providing opportunity for "dressing.".
- Remember the balance sheet is only financial figures and does not represent the quality of management and character of the company.
- Remember that the accountant prepares the accounts with a prime view of saving taxes. Thus be focused on items which can be manipulated easily.
His comments on management accounting is worth reading. He rightly observes the attitude behind the projections and warns the lenders be aware of this attitude and study the projection critically.
As committed by him in his foreword, he provides a case study for better understanding.
The case study in chapter 1 suddenly brings in an advanced concept of funding for take overs. However, the comments are on more critical eye needed than in depth study of take over funding.
Interested in the book ?
