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Accounting Financial Analysis Report Name of the University: Author's Note: Introduction

   

Added on  2021-05-30

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Political Science
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Running head: ACCOUNTING FINANCIAL ANALYSIS REPORTAccounting Financial Analysis Report Name of Student:Name of University:Author’s Note:
Accounting Financial Analysis Report Name of the University: Author's Note: Introduction_1

ACCOUNTING FINANCIAL ANALYSIS REPORT1Table of ContentsIntroduction.................................................................................................................................................2Reasons to their Liquidation........................................................................................................................2Ethics...........................................................................................................................................................3Corporate Governance.................................................................................................................................5Liabilities.....................................................................................................................................................6Conclusion...................................................................................................................................................6References...................................................................................................................................................8
Accounting Financial Analysis Report Name of the University: Author's Note: Introduction_2

ACCOUNTING FINANCIAL ANALYSIS REPORT2IntroductionThe discourse of the study aims to identify the proceedings which led to the insolvency of “ABCLearning, HIH Insurance and One.Tel”. The study has been able to focus on the different types of thereasons for collapse of these corporate entities. The main discussions of the study have further consideredthe identification of the various types of ethical issues as per CPA code of conduct. The next section ofthe discussion has been supported with the numerous types of the relevant material which are seen to berelated to the evaluation of corporate governance per ASX rulings and related to the case with thecompanies considered for research. The final section of the research has discussed about the liabilities ofthe companies before they became defunct (Brown and Davis 2015).Reasons to their Liquidation “ABC Learning Center” encountered several problems which are identified in terms of outcomefrom the “subprime mortgage crisis”. This is further depicted to lead to the problems associated to thereason for debt repayments to overwhelm the company. Moreover, the auditors have unsuccessful to signoff the financial reports, thereby failure of the company to recast the preceding year’s reported profit. Ithas been also discerned that the company entered into “voluntary liquidation” in 2008, which was furthertaken over by “Goodstart Limited in December 2009”. The failure of ABC Learning was identifiedbecause of the significant nature of the drawbacks associated to inherent risks in the business. Theevaluation of material misstatement made in the last three years since its failure is another reason. It hasbeen also discerned that Australia has moved as per the communality-dominated childcare service in theprevious three years from a “private dominated model”. However, there had been no definite mistake inthe former model which has been able to acclaim about the sound model on addressing the early childcareservices (George 2015). The failure of “ABC Learning” is also considered with the various types of thecorporate social responsibility identified with the common good and stewardship, which are identified
Accounting Financial Analysis Report Name of the University: Author's Note: Introduction_3

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