Reasons for Liquidation of ABC Learning, HIH Insurance and One Tel Phone

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 provides introduction of the three companies; they are ABC Learning,
HIH Insurance and One Tel Phone. The second part shows the reasons for liquidation of these
three companies. The third part put emphasis on the ethical and corporate governance related
issues for the collapse of these three companies. The last part shows the role of liabilities in the
collapse of these companies.

2FINANCIAL ACCOUNTING
Table of Contents
Introduction......................................................................................................................................3
Introduction of the Companies........................................................................................................3
ABC Learning..............................................................................................................................3
One Tel Phone.............................................................................................................................3
HIH Insurance..............................................................................................................................3
Reasons for Liquidation...................................................................................................................3
HIH Insurance..............................................................................................................................3
One Tel Phone.............................................................................................................................4
ABC Learning..............................................................................................................................4
Ethics and Corporate Governance...................................................................................................5
HIH Insurance..............................................................................................................................5
One Tel Phone.............................................................................................................................5
ABC Learning..............................................................................................................................6
Role of the Liabilities......................................................................................................................6
Conclusion.......................................................................................................................................6
References........................................................................................................................................7