Beatriz Janke, president and owner of Jaguar Enterprises, applie

Beatriz Janke, president and owner of Jaguar Enterprises, applied for a $300,000 loan from First National Bank. The bank requested financial statements from Jaguar Enterprises as a basis for granting the loan. Beatriz has told her accountant to provide the bank with a balance sheet. Beatriz has decided to omit the other financial statements because there was a net loss during the past year.
In groups of three or four, discuss the following questions:
1. Is Beatriz behaving in a professional manner by omitting some of the financial statements?
2.
a. What types of information about their businesses would owners be willing to provide bankers? What types of information would owners not be willing to provide?
b. What types of information about a business would bankers want before extending a loan?
c. What common interests are shared by bankers and business owners?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...