An in-depth exploration of compensating balances in banking, detailing their types, applications, historical context, and significance.
A comprehensive look at ethical issues and standards associated with financial practices, including historical context, key events, considerations, and practical examples.
An in-depth exploration of Positive Accounting Theory (PAT), which describes and predicts the actual accounting practices without prescribing what should be done.
Redlining refers to the discriminatory practice by which banks and insurance companies refuse loans or policies to individuals or businesses in specific geographical areas, often targeting ethnic communities. This practice was outlawed by the Fair Housing Act of 1968.
Window dressing refers to practices aimed at presenting a situation in a more favorable light than it actually is, often used by accountants to enhance the appearance of balance sheets.
An in-depth look at the Equal Credit Opportunity Act, federal legislation aiming to prohibit discrimination in credit transactions based on personal characteristics and financial status.
The term 'Profiteer' refers to an individual or entity that makes excessive profits, often at the expense of others. Profiteering entails exploiting situations such as crises, shortages, or monopolistic practices to gain disproportionately high financial gains.
An in-depth exploration of undisclosed reserves, including their definition, mechanisms behind their creation, and the implications for financial institutions and stakeholders.
