ACCT3013 Lecture Notes - Lecture 10: Bankruptcy Act, Logit, Call Option
Document Summary
Insolvency: bankruptcy: describes individual persons; regulated by the bankruptcy act 1966 (cth) and. Liquidation: an insolvency practitioner (liquidator) is appointed to wind up the company by selling its assets to pay outstanding debts; company is deregistered and ceases to exist. 11 is a very common business matter the idea is that the value of a business is often greater if. Acct3013 financial statement analysis week 10 re-organised as going concern or prepared for sale rather than if it is liquidated (business strategy): chapter 15 deals with insolvencies of foreign companies listed in the us with us-based debt. Limitations of scope where auditor was unable to audit certain parts of the report; or. Impact of credit on capital structure: how income is generated, how income is converted to cash, quality of accounting reports; and, moral hazard p(cid:396)o(cid:271)le(cid:373): (cid:373)a(cid:374)age(cid:396)s take de(cid:271)t fo(cid:396) sha(cid:396)eholde(cid:396)s(cid:859) (cid:271)e(cid:374)efit.
