CP 9-2 Ethics in Action Bev Wynn, vice president of operations for Dillon County Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Bev also instructed the programmer to use a 360-day year to compute inter- est on loans (assets). Discuss whether Bev is behaving in a professional manner.
CP 9-2 Ethics in Action Bev Wynn, vice president of operations for Dillon County Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Bev also instructed the programmer to use a 360-day year to compute inter- est on loans (assets). Discuss whether Bev is behaving in a professional manner.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:CP 9-2 Ethics in Action
Bev Wynn, vice president of operations for Dillon County Bank, has instructed the bank's
computer programmer to use a 365-day year to compute interest on depository accounts
(liabilities). Bev also instructed the programmer to use a 360-day year to compute inter-
est on loans (assets).
Discuss whether Bev is behaving in a professional manner.
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