ACCT 4340 Lecture Notes - Lecture 8: Great Depression, American Accounting Association, Internal Control
19 Apr 2016
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Often referred to a bankruptcy or insolvency: also sometimes terms failure or default. In research the point of failure can be considered to be: A significant indication of corporate failure could be the appointment of voluntary administrators: us called chapter 11 bankruptcy, in australia can be initiated by directors or secured creditors. It entails the appointment of an ambassador who: There are many reasons why campiness fail. Corporate decline can stem from multiple sources both inside and outside the organization. There multiple elements often make it difficult for managers to comprehend and address the causes of corporate failure. Outsider factors can include: changes in technology, recession, competitors actions, deregulation or changes in import protection in an industry, interest rate changes. Inside factors can include: weak strategy, financial management, dysfunctional culture. While there are many factors that can contribute to corporate failure, research of some high profile failures has identified specific management inadequacies that appear to contribute significantly.
