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Hello all,
A friend asked me a question. She goes that the bank she works at is showing a decrease in it's receivables figure, the customers aren't paying timely or the collection isn't effective. There also has been negative cash flows due to this reason. Now she asked me how could they justify the decrease in receivables and negative cash flows, knowing the reason, but not being able to state the obvious. She belongs to the reporting team.
Any response would be appreciated. And please don't tell me off cause I stated a question that might come under the heading of creative accounting.
Thank you.
A friend asked me a question. She goes that the bank she works at is showing a decrease in it's receivables figure, the customers aren't paying timely or the collection isn't effective. There also has been negative cash flows due to this reason. Now she asked me how could they justify the decrease in receivables and negative cash flows, knowing the reason, but not being able to state the obvious. She belongs to the reporting team.
Any response would be appreciated. And please don't tell me off cause I stated a question that might come under the heading of creative accounting.
Thank you.