Reasons behind the fall of ABC Learning, HIH Insurance and One Tel

Running head: ADVANCE FINANCIAL ACCOUNTING
Advance Financial Accounting
Name of the Student:
Name of the University:
Authors Note:

ADVANCE FINANCIAL ACCOUNTING 1
Executive Summary:
The report depicts the problems, which was faced by ABC Learning, HIH Insurance and One
Tel. The manipulation that was conducted by the management in inflating the annual report
and using unsolidified valuation system was the main reason behind the demise of ABC
Learning, HIH Insurance and One Tel. Therefore, organizations need to understand the level
of liability that needs to be maintained during the fiscal year for supporting their operations
and reducing the chance of insolvency

ADVANCE FINANCIAL ACCOUNTING 2
Table of Contents
Introduction:...............................................................................................................................3
Conducting adequate review about the organization:................................................................3
Discussing the reasons behind the liquidation of the organizations:.........................................3
Discussing the ethics and governance of the organization:.......................................................5
Discussing whether liabilities were a major factor contributing to the liquidation of the
company:....................................................................................................................................5
Conclusion:................................................................................................................................6
References and Bibliography:....................................................................................................7