MEMORANDUM
TO:
DATE:
SUBJECT: Lincoln Savings and Loan
The purpose of this memorandum is to analyze and examine the business, financial, and accounting strategies and policies of Lincoln Savings and Loan. This analysis will include LSL’s current business strategies and processes, its business risks and a detailed breakdown of LSL’s financial statements.
Business Analysis
Lincoln Savings and Loan (LSL) originally competed as a savings and loan office than was in the business of offering mortgage loans and accepting deposits. In 1984, LSL combined businesses with American Continental Corporation (ACC), which specialized in real-estate development. The new business, LSL/ACC, competes as a unique company, offering