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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.

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter5: Internal Control And Cash
Section: Chapter Questions
Problem 5.1C
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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.
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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