Liquidation Issues of Australian Entities: Aluminium Boats Australia, HIH Insurance and Stellar Homes

Running head: FINANCIAL ACCOUNTING
Financial accounting
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1FINANCIAL ACCOUNTING
Executive summary
Aim of the report is to concentrate on liquidation of some biggest companies from Australia
such as Aluminium Boats Australia, HIH Insurance and Stella Homes. In the 1st section of the
report it will provide some background details of the companies. In the next section the
reason contributed to the collapses of each company will be stated. It will further highlight
the issues violated by these entities those are required to be complied as per APES 110 Code
of Ethics for Professional Accountants and will discuss 5 ethical codes under APES 110.
Next, it will focus on the role of liquidity factor in their collapses and the types of liquidation
they were applied for or placed into. Finally on the basis of discussions the report will
provide conclusion and suggestion, if any.

2FINANCIAL ACCOUNTING
Table of Contents
Introduction................................................................................................................................3
Company backgrounds...............................................................................................................3
Reasons for the company’s liquidation......................................................................................3
Corporate governance and ethics...............................................................................................5
Corporate governance issues those led to collapse....................................................................5
Liquidation type and liquidity’s contribution towards liquidation............................................6
Conclusion and recommendation...............................................................................................7
Reference....................................................................................................................................8