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Accounting Financial ACC701 | Report

   

Added on  2020-02-19

8 Pages2716 Words40 Views
Accounting and Financial Management 1Accounting and Financial Management
Accounting Financial ACC701 | Report_1
Accounting and Financial Management 2Executive SummaryThis report emphasizes on the provision of the information related to the occurrence of thecorporate scandal and liquidation of three companies of three different industries such as HIHInsurance, One.Tel and ABC Learning Center. In addition to this, it also provides informationrelated to the reasons behind the liquidation of the companies and different measures that couldbe adopted by other companies to avoid the situation of liquidation. It is found out that the mainreasons for the occurrence of liquidation are poor management, increase in the ability for nonrepayment of the liabilities, weak operating cash flows and accounting issues.
Accounting Financial ACC701 | Report_2
Accounting and Financial Management 3ContentsExecutive Summary.....................................................................................................................................2Introduction.................................................................................................................................................4Reasons for Collapse...................................................................................................................................4Consequences of collapse of One.Tel, HIH insurance and ABC Learning Centers.....................................6Conclusion...................................................................................................................................................6References...................................................................................................................................................8
Accounting Financial ACC701 | Report_3

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