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<a href="http://www.accessmylibrary.com/coms2/summary_0286-25819489_ITM" title="Facts and information about Map of the Mainefield: after Enron, credit managers are under even more pressure to find the bombshells in customer's financial statements before they explode.">Map of the Mainefield: after Enron, credit managers are under even more pressure to find the bombshells in customer's financial statements before they explode.</a>
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Map of the Mainefield: after Enron, credit managers are under even more pressure to find the bombshells in customer's financial statements before they explode.
The collapse of Enron followed by the disintegration of Arthur Andersen are grim reminders to credit managers of how much they depend on numbers and how deceptive those numbers can be. As bankruptcies rise, sending credit managers more often to their CFOs and CEOs with bad news about uncollectible accounts receivable, the pressure builds for credit managers to sharpen their skills in reading financial statements and delving into what is behind them. Quickly grabbing or computing a few standard liquidity ratios is no longer enough. Now credit managers must pore over footnotes, track trends and ask questions when anomalies are discovered. The alert credit manager becomes a ...
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