Reasons for Liquidation of Stellar Homes, HIH Insurance, and Aluminium Boats Australia

Running head: ACCOUNTING FINANCIAL
Accounting Financial
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Author’s Note

1ACCOUNTING FINANCIAL
Executive Summary
The aim of this report is to conduct a discussion on the reasons as well as circumstances that
contributed towards the liquidation of Stellar Homes, HIH Insurance and Aluminium Boats
Australia (ABA). This report also discusses about the Code of Ethics of APES 110 in relation
to the behaviour of the managements of the companies. It puts focus on the role of liabilities
to the collapse of these companies along with the types of liquidation.

2ACCOUNTING FINANCIAL
Table of Contents
Introduction................................................................................................................................3
Company Background................................................................................................................3
Stellar Homes..........................................................................................................................3
HIH Insurance.........................................................................................................................3
Aluminium Boats Australia (ABA)........................................................................................3
Reasons for Liquidation.............................................................................................................3
Stellar Homes..........................................................................................................................3
HIH Insurance.........................................................................................................................4
Aluminium Boats Australia (ABA)........................................................................................4
Code of Ethics............................................................................................................................4
Corporate Governance Issues.....................................................................................................5
Types of Liquidation..................................................................................................................5
Role of Liabilities.......................................................................................................................5
Conclusion..................................................................................................................................6
References..................................................................................................................................7