Tricia Fenton, vice president of operations for Billings National Bank, has instructed the banks computer programmer to

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Tricia Fenton, vice president of operations for Billings National Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (payables). Tricia also instructed the programmer to use a 360-day year to compute interest on loans (receivables).
Discuss whether Tricia is behaving in a professional manner.

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Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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