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Financial Accounting : Assignment

Added on - 30 May 2021

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Running head: FINANCIAL ACCOUNTINGFinancial AccountingName of the StudentName of the UniversityAuthor’s Note
1FINANCIAL ACCOUNTINGExecutive SummaryThe report shows the conduction of investigation on the major failures of the publicly listedcompanies in Australia namely “HIH Insurance, ABC Learning and One Tel Phone”. The firstpart of the report states the short overview of the company’s. The second section has identifiedthe events which are responsible for collapse of the three companies. In the third part thecollapses in terms of the ethical perspectives has been discussed. The final part of the study hasshown the part of liabilities which led to the collapse of the three companies. The overalldepictions of the report have shown that the major issue of failure is seen with a clearmisstatement and non-compliance of the ethical and accounting standards.
2FINANCIAL ACCOUNTINGTable of ContentsIntroduction......................................................................................................................................3Introduction of the Companies........................................................................................................3Rationale for Liquidation.................................................................................................................3Ethics and Corporate Governance...................................................................................................5Role of the Liabilities......................................................................................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................7
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