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Financial Accounting Reporting Assignment

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Added on  2021-06-15

Financial Accounting Reporting Assignment

   Added on 2021-06-15

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FINANCIAL ACCOUNTING ASSIGNMENT
Financial Accounting Reporting Assignment_1
1By student name ProfessorUniversityDate: 16 September 2017.1 | P a g e
Financial Accounting Reporting Assignment_2
2Executive SummaryThe report has been prepared on the topic of liquidation of the companies where multiple reasonsattributable to liquidaytion has been discussed. Its not that only debt not being paid in timeleadsto liquidation or winding up of the companies, there can be several other reasons whichhave been discussed and can be seen in the sample companies taken in the report. The report alsohighlights the role of the management and the auditors of the company in avoiding theliquidation and thereby losses to the investors and stakeholders. Ethical and social accountingand corporate governance have assumed great importance in the past few years and it isimportant for the companies to follow the same. At the end, conclusion has been drawn andrecommnedations have been given to help companies avoid such situation.2 | P a g e
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3ContentsIntroduction – Liquidation & its basics........................................................................................................4Case studies on Liquidation.........................................................................................................................5ABC Learning Company...........................................................................................................................5One Tel Phone company..........................................................................................................................6HIH Insurance company...........................................................................................................................7Conclusion...............................................................................................................................................8Recommendation....................................................................................................................................8References...................................................................................................................................................93 | P a g e
Financial Accounting Reporting Assignment_4

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