Date of Award

6-1926

Degree Type

Bachelors Essay

Degree Name

Bachelor of Science (BS)

Department

Business Administration

First Advisor

N.J. Hoffman

Second Advisor

J.F. Pyle

Abstract

Credit men in the part did not concern themselves with the Financial Statement. They relied on other methods of obtaining information about the credit risk. It has only been in the past few decades that the Financial Statement has come to be looked upon as a method of determining the credit worth; and it has not been until recent times that the credit man has looked upon the statement as being of any value except as supplementary data. The complexity of our business world and the need for a true estimation of a debtor's credit worth has led to the perfection of the Financial Statement. Some credit men are convinced even now that there is little worth in the statements, but the field is rapidly narrowing down to a few skeptics who still cling to old fashioned methods of determining credit worth. To the up-to- date credit man the statement furnished the means of gaining accurate knowledge about the debtor's business. It gives him the means of prying into the inner-most part of the debtor's business—it exposes everything to him.

Comments

A Thesis Submitted in Partial Fulfillment of the Requirements for the Degree of Bachelor of Science in Business Administration, College of Business Administration of Marquette University, Milwaukee, Wisconsin

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