Collapse and Liquidation of Stellar Homes, HIH Insurance, and Aluminium Boats Australia

Running head: FINANCIAL ACCOUNTING
Financial Accounting
Name of the Student
Name of the University
Author’s Note

1FINANCIAL ACCOUNTING
Executive Summary
The first part of the report involves in providing description of the selected companies; they are HIH
Insurance, Stellar Homes and Aluminium Boats Australia. The next part shows the reasons for the
liquidation of these companies. After that, the report involves in the analysis of the role of liabilities as
well as corporate governance in the failure of these companies.

2FINANCIAL ACCOUNTING
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.................................................................................................................................... 3
Aluminium Boats Australia (ABA)....................................................................................................... 4
Code of Ethics....................................................................................................................................... 4
Corporate Governance Issues............................................................................................................... 4
Types of Liquidation............................................................................................................................... 4
Role of Liabilities.................................................................................................................................... 5
Conclusion............................................................................................................................................. 5
References............................................................................................................................................ 6