Instruction to students: This is an individual task.
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 Aluminium Boats Australia, HIH Insurance and Stella Homes.
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 issues 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?
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.
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 11pt or Arial 10pt.
Marking Guide: ACC701 Accounting Financial assignment-King’s Own Institute Australia
Research extent and application 30%
Total mark will be scaled to a mark out of 30 subject marks.