logo

Accounting Financial ACC701 - Assignment

   

Added on  2021-06-14

12 Pages2563 Words30 Views
Accounting financial ACC 701Individual Assignment1
Accounting Financial ACC701 - Assignment_1
Contents1.Introduction.................................................................................................................................42.Reasons for Liquidation..............................................................................................................53.ABC LEARNING LIQUIDATION............................................................................................54.Liquidation of HIH Insurance.....................................................................................................55.Liquidation of One.Tel................................................................................................................66.Financial Stress - Facts and Practices.........................................................................................7Customs and kingship practice pertaining to financial stress..............................................................77.The reason for liquidationis Liabilities......................................................................................88.Conclusion...................................................................................................................................99.References.................................................................................................................................102
Accounting Financial ACC701 - Assignment_2
AbstractThe entire world has noticed the financial crunches as the main reason for the closure of bigcompanies. This report will discuss the details about three companies ABC Learning, HIH Insuranceand One Tel. Financial crunches have been the main reason for the close of these comps but there arevarious other reasons for downfall which have hit the goodwill of the companies as well. The reporthighlights these reasons individually. The management failed in following properly and controllingthe working. The shortfall of the managers in observing the point of losses. The management hasmisled to some unethical practices which are not for the betterment of any business. The distrust actsdone by the management are very serious issues which should attract the site in any business.3
Accounting Financial ACC701 - Assignment_3
IntroductionIn today’s changing economic scenario and the breaking economic business, components exertbusiness organization is trying to find the means to bet this market. The use of advanced technologyhas increased by the companies as the means to overcome the market conditions. The difficulties haveincreased in the market due to the depression in the business. Many companies have liquidated andwrapped up. The reason found behind the liquidation of these companies is miss use of the funds anduncontrolled and less efficient management. On liquidation, the assets and the liabilities aredistributed among the owners in the same ration of their value in the company this is done because itis closing of a running operation. Thus it can be said that there are many companies which haveclosed due to the in proper management and misuse of funds like ABC Learning, HIH Insurance andOneTel.4
Accounting Financial ACC701 - Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Liquidation and Dissolution Processes in Some HIH Companies
|12
|2757
|260

Study on the Liquidation of Companies- Project Report
|11
|2484
|271

Accounting Financial ACC701 - Assignment
|11
|3123
|154

Ethical Practices and Governance - PDF
|11
|2984
|31

2018 Liquadation of Companies (e.g. ABC Learning Company, HIH Insurance Company and One.Tel Company) 2018
|13
|2779
|334

ACC701 - Financial Accounting - Assignment
|12
|2917
|91