Use FASB Accounting Standards Update (ASU) No. 2016-13 and the IFRS-9: Q: Which expected credit loss model would be more effective in preventing future financial crisis: the IASB-IFRS 9 model or the FASB-ASU 2016-13 model?  Why?

Discuss the 2007-2008 financial crisis and what impact it had on the financial markets. Who was impacted? What caused the crisis, and how can a future crisis be prevented?

The COVID-19 pandemic crisis and its economic effects mean that investors and other stakeholdersneed high-quality financial information more than ever. Critically discuss the implications of the COVID-19 pandemic on financial reporting

Please help with the below minicase.  Directions: The best way to do this case is to use relevant credit information and calculate some financial ratios: ROA, debt ratio, liquidity ratios, ROE, profit margin, Inventory and Asset turnover. Then look at breakeven point probability, and finally the possibility of a repeat order. What can you say about Miami Spice’s creditworthiness? What is the break-even probability of default? How is it affected by the delay before MS pays its bills? How should George Stamper’s decision be affected by the possibility of repeat orders?   MiniCase: George Stamper a credit analyst with Micro-Encapsulators Corp. (MEC) needs to respond to an urgent email request from the southeast sales office. The local sales manager reported that she had an opportunity to clinch an order from Miami Spice (MS) for 50 encapulators at $10,000 each She added that she was particularly keen to secure this order since MS was likely to have a continuing need for 50 encapulators a…