FINANCIAL ACCOUNTING 2 FINANCIAL ACCOUNTING Financial Accounting Name of the Student Name of the University Author’s Note Executive Summary The report shows the conduction of investigation on the major failures of the publicly listed companies in Australia namely “HIH Insurance, ABC Learning and One Tel Phone”. Introduction 3 Introduction of the Companies 3 Rationale for Liquidation 3 Ethics and Corporate Governance 5 Role of the Liabilities 6 Conclusion 6 References 7 Introduction Liquidation is a result of winding up of a business which results in permanent