ACC701 Financial Accounting - Individual Assignment

ACC701 Financial Accounting  Individual Assignment:

Question:

A number of companies have gone into liquidation because they have not been able to meet their liabilities when they fell due. In Australia, there are some well-publicised examples such as Aluminum Boats Australia, HIH Insurance and Stella Homes

Required:

Discuss all three companies above and find (via electronic journals) the events that led up to the liquidation. Visit the CPA website; discuss APES 110 Code of Ethics for Professional Accountants. Highlight 5 codes of ethics. Highlight some of the corporate governance bosses that contributed to each company's collapse. Discuss the type of liquidation that was called for each. Were liabilities a major contributing factor that led to their downfall?

Research Requirement:

Students need to support their analysis with reference to relevant material from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources — this should include at least 2 peer-reviewed academic journal articles.
Presentation
2000 + 10%-word short report format. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions. in-text referencing and reference list (Harvard — Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt, Calibri lips or Arial 1 Opt.