Critical Analysis Critical Coding - 2179 Words

Introduction ______________________________________________________ 1 Literature Review __________________________________________________ 1 Critical Analysis ____________________________________________________2 Conclusions _______________________________________________________4 Recommendations _________________________________________________ 5 References _______________________________________________________ 6 I. INTRODUCTION Human Resource hasn’t always been the hot topic like it is in today’s discussions on better performance management systems. Human resource has always been limitedly considered as the mere workforce that strictly follows the company’s mission and readily falls in compliance with the management’s decisions. That has always been the idea until recently, with gradual advancement in business studies, when effective HR management is considered probably the foremost contributing element towards increased overall productivity of an organization. A well-formed, well thought out and thoroughly connected HR policy that is structured as a self-empowered mechanism that digs deep getting to know about the issues and concerns of the common employee, addresses those concerns with the utmost hospitality and sets up checks and balancing systems to foresee any mishaps, communication gaps and other problems that might erode the relationship between the management and human re source in the future. On the contrary, it is also found to be a fact that, whileShow MoreRelatedA Grounded Theory Research Study1222 Words   |  5 Pagesor discover a theory. This type of research is grounded in data from individuals who have experienced a process. Some of the defining features include: a focus on a process or an action, development of a theory, memoing, data collection, and data analysis. The process or action that a researcher may look into would have movement or an action the researcher may be trying to explain. 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Axial coding further helps researchers and participants to identify a central category, enabling them select which categories fall under causal conditions, intervening factors, consequencesRead MoreA Research Study On Research1173 Words   |  5 Pagesthe method of research is whether qualitative or quantitative, data must be collected. Data collection is essential whether the method of choice is a mail survey, a telephone survey, an interview, an experiment, field research, or secondary data analysis. Data collection is an important aspect of any research study. I naccurate data can impact the results of a study and ultimately lead to invalid results. During the data collection step, a significant amount of time, energy and attention are requiredRead MoreThe Financial Manager895 Words   |  4 PagesThe financial manager has a critical role in the organization. This position must be able to adapt to unique and often stressful situations. 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During the data collection step, a significant amount of time, energy and attentionRead MoreA Research Study Of Nurses Beliefs And Practice1395 Words   |  6 PagesEnd-of-life care in the intensive care setting: A descriptive exploratory qualitative study of nurses’ beliefs and practice, is a research article chosen for this essay. This critical review will include an appraisal of the designated sections of the research paper, provide a realistic and practical explanation linking findings to clinical practice, as well as a personal reflection on how the process of appraisal of evidence from the article has increased my knowledge. The title and abstract ofRead MoreVerizon Wirelesss Benefits Package1728 Words   |  7 Pagesinformation, it was determined that there was a critical need for a current benefits package comparison. The investigative steps necessary for this analysis for this Capstone Project were found in Section III, and this subsequent chapter, Section IV, submits those findings. Comparative Analysis Process The fundamental aim within this Capstone Project’s was to detail how Verizon Wirelesss benefits package compares in the industry, by process of comparative analysis and implementation of a specific designRead MoreSteps Involved in Processing of Data1699 Words   |  7 Pagesprocessing of the data involves editing, coding, classifying, tabulating and after all this analyzation of the data takes place. Data Processing The various aspects of the data processing can be studied as follows 1. Editing of data:  Ã¢â‚¬â€œ This aspect plays a very vital role in the detection of the errors and omissions and then helps to correct these errors by which ,the degree of accuracy, consistency and homogeneity are increased. By this method, coding and tabulation of the data is done and

Impact Of Feminism On Individuals Within Society - 1587 Words

Impact To analyze the impact the three waves of feminism had on individuals within society, three interviews were conducted with women from different generations. The first interview was with Roberta, a 74-year-old woman who has been married for almost 55 years and has always defined herself first-and-foremost as a mother. She held a few odd jobs before and after she had kids in the home, but worked as a retail salesperson, a bank teller, and a school secretary. The second interviewee was Amy, a 45-year-old woman who is a mother of three and a secondary mathematics teacher. Finally, Callie, a 15-year-old woman who is primarily a student was interviewed. The first change between the three interviews was reflected in their overall view on†¦show more content†¦Under the influence of Title IX, America has seen a large increase in women gaining a college education, and this was also supported in the progression of interviews conducted. Roberta did not gain a college education. At the time she graduated high-school, her main focus was on settling down and starting a family. However, that was natural for the women she was surrounded by in 1950. Additionally, there were not any laws preventing colleges from discriminating against women in regards to acceptance or the programs they allowed women to seek degrees in and no laws preventing employers from discriminating within their hiring processes. However, by the time Amy graduated in 1990, Title IX had long been implemented, and many women began seeking degrees in a wide variety of fields. Amy chose to get a degree in Secondary Education and Mathematics. In today’s world, the re is an implication that every person is expected to go to college if they wish to be successful in their career pursuits, regardless of their gender. There is now a large initiative to encourage women to pursue careers in STEM fields. This initiative is so far-reaching it has even made its way into the mass marketing of television ads. 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The broad reach of the internet and social media however has also open the female gender to various levels of objectificationRead MoreWhat Makes An Effective Social Theory? Essay1465 Words   |  6 Pagesmust then go through (Baum 1087), because feminism is fighting for something so big, gender equality, it affects at least half of the population, and not one person s situation will be completely the same. For feminism because there is such a large base of people, it is difficult to situate everybody with their own individual arguments into the movement, because it is such a broad spectrum of people. This may be where some of the issues arise from feminism being such separated backgrounds of movementsRead MoreFeminism And Social, Politica l, And All Other Rights Of Women1565 Words   |  7 PagesAccording to the website Dictionary.com feminism is â€Å"the doctrine advocating social, political, and all other rights of women equal to those of men.† While that statement is not necessarily wrong, it is awfully vague. The reason this statement is so vague is, according to many researchers, because feminism is an incredibly complex concept with many different interpretations. Susan Hekman (2013), for example, interprets feminism to be a radical movement that challenges the very fundament of modernismRead MoreFeminism : The First Wave Of Feminism1267 Words   |  6 PagesFeminism is a movement calling for social change, holding to a belief that women are oppressed by American society due to patriarchy’s inherent sexism. This social movement explained quite simply started in the 19th century when women fought for the right to vote, sought to improve workplace conditions for women as well as increase workin g opportunities. From this initial movement, called first wave feminism, stemmed other waves that though somewhere in the same vein, they held many differing goalsRead MoreFeminism : A Controversial Issue1304 Words   |  6 Pages In recent discussions on Feminism, a controversial issue has been that the term itself attracts negative attention, despite its endless efforts towards equality for both genders. On one hand, some argue the word should be changed to a more appropriate term that doesn’t attract hostile viewpoints. On the other hand, others argue the word should remain the same, however, people should be educated on the actual intentions of feminism—and not base their understandings off of the recent misguided interpretationsRead MoreSocialist Feminist Criticism1164 Words   |  5 PagesCriticism: You Dropped the Bomb on Me, Baby Feminism and gender studies have been described as having the ability to challenge literary and culture theory to confront the difficult task of assimilating the findings of an expanding sphere of inquiry (Contemporary Literary Criticism 567). This area of study has taken center stage during the last fifty years, not only in our society, but also in literary criticism. Although the terrain Feminism traverses can hardly be narrowed down to one singleRead MoreWomen s Roles Of Reproduction1466 Words   |  6 Pagesacross race and class. In Lorde’s (1984) Sister Outsider: Essays and Speeches and Rich’s (1980) On Lies, Secrets, and Silence, these rhetoricians examined how classicism, racism and sexism work together based on heterosexuality to oppress women in society. Therefore, rhetoricians claimed for solidarity and sisterhood despite the race and class differences existing among women. Consequently, female rhetoric theory focused on combining personal, sexual, and soc ial struggles and viewing them as indivisiblyRead MoreDiscuss and Evaluate the Functionalist, Marxist and Feminist Ideologies of Contemporary Society1068 Words   |  5 Pagesof contemporary society In this assignment, I am going to briefly explore the definitions of Functionalism, Marxism and Feminism and how their ideologies affect contemporary society in Great Britain. In doing so I will give examples that expand upon the definitions and illustrate that such ideologies are evident and still have an impact on the society we live in. Functionalists believe that all elements within a society interconnect and work together. They compare society to a human body

Abnormal Psychology- Schizophrenia Free Essays

string(48) " being over taken by either the Id or Superego\." Abnormal Psychology – Schizophrenia Introduction There are a number of problems with defining psychological abnormality. They include problems with cultural relativity and social norms, what is normal within one culture or society may be considered abnormal within another. There are also problems with statistics as some abnormalities have too few or too many statistics to compare and the statistics may not always be reliable. We will write a custom essay sample on Abnormal Psychology- Schizophrenia or any similar topic only for you Order Now Under the medical model all psychological disorders are considered illnesses. There are two classification systems to diagnose different disorders. These are the International Classification of Diseases Health Related Problems (ICD) and Diagnostic Statistical Manual of Mental Disorders (DSM). The most up to date editions currently in use are ICD-10 and DSM-IV although DSM-V is due to be released in May 2013. (Jabr, F (2013)) Schizophrenia According to the World Health Organisation (WHO) schizophrenia is a severe form of mental illness. It is a treatable psychological condition that affects 24 million people worldwide. It mainly affects 15-35 year olds and is more likely to occur in males but anyone of any age or gender, can develop the condition. It affects thinking, perceptions and language and causes the patient to hear voices and to have hallucinations and delusions. Symptoms ICD-10 diagnostic criteria †¢ At least one of: o Thought echo, thought insertion/withdrawal/broadcast o Passivity, delusional perception o   Third person auditory hallucination, running commentary o Persistent bizarre delusions †¢ or two or more of: o Persistent hallucinations o Thought disorder o Catatonic behaviour o Negative symptoms o Significant behaviour change †¢ Duration o    More than 1 month †¢ Exclusion criteria o Mood disorders, schizoaffective disorder Overt brain disease o Drug intoxication or withdrawal (Wing, J. K. Agrawal, N. (2009)) Behavioural Explanations and Therapies The behavioural approach suggests that schizophrenia is simply learned behaviour learned through operant conditioning. Sammons (2008) suggests that the reason schizophrenia tends to run in families is due to children learning the behaviour fr om their parents. Social learning theory also suggests that although there may be some symptoms present once a patient is around others with schizophrenia they learn symptoms by seeing others demonstrate them. It is difficult to explain how the hallucinations and delusions suffered by a schizophrenic can be explained as learned behaviour; true behaviourists think this is irrelevant as they are only concerned with the physical behaviours not what is happening in the mind. Paul and Lentz (1977) carried out a study into operant conditioning as a treatment for schizophrenia. They set up a token economy on a hospital ward where they rewarded patients for appropriate behaviour by giving them tokens that they could exchange for luxury items. It was found that only 11% of the patients in the test group continued to require drugs for their symptoms compared to 100% of the control group. (AQA, (2010)) This demonstrates that operant conditioning as a treatment is very effective; however behaviourists do not care whether the patient is still hearing voices as long as they behave like they are not. In the Paul and Lentz study the patients may still hear voices but have simply learned that if they behave as though they are not they will be rewarded. This means that the schizophrenia has not actually been cured. Biological Explanations and Therapies There have been a number of studies conducted that suggest there is a biological cause for schizophrenia. Through family resemblance studies it has been discovered that a normal person with no family history of schizophrenia has around a 0. 2-2% chance of developing the condition, whereas a person with one schizophrenic parent has a 13% chance of developing it. The chances increase to 46% if both parents have the condition. (Head, P (2012)) This information may not be reliable as it was based on information from records and memories and memories can easily be distorted or misinterpreted. The Copenhagen High –risk study looked at children aged 10-18 and classified them into low risk, of developing schizophrenia, and high risk groups. They removed the risk of environmental factors that could distort the results by grouping the children by age, gender, residence and economic status. This made the study highly reliable as it meant the only factor that should affect results was genetics. The study found that only 1. 9% of children in the low risk group developed schizophrenia whereas 16. 2% of the high risk children did. This shows support for the genetic explanation for schizophrenia. Iverson (1979) carried out post-mortem studies. He found that there are high levels of dopamine in brains of schizophrenics. It is suggested that schizophrenia is caused by high levels of dopamine in the brain or more dopamine receptors in their brains. This is supported by the success of chlorpromazine drugs as a treatment for the condition. There are however problems with this explanation. One problem is that there is no evidence that excess dopamine causes schizophrenia. It could be that schizophrenia causes excess dopamine. (AQA, 2010) Biological treatments for schizophrenia are anti psychotic drugs and chlorpromazine which blocks dopamine receptors in the brain. These drugs have been proven to work as they reduce the number of patients spending a long time in hospital; however drugs are not a cure. They only control the symptoms if a patient stops taking these drugs the symptoms will soon return. This is known as the ‘revolving door syndrome. ’ There can be a number of reasons for this to happen; firstly a patient may ave a fear of getting well. The patient may find it difficult to imagine life without schizophrenia or enjoy some part of it. Another reason is that the patient may stop taking the drugs they are prescribed due to side effects. (Fritscher, L (2012)) The side effects of these drugs can include drowsiness, dizziness, disturbed vision, weight gain, blood clots and tremors. (Net doctor (2012)) Patients may feel that the side effects are worse than the original illness and stop taking the prescribed medication which then starts the cycle again. Psychodynamic Explanations and Therapies The psychodynamic explanation for schizophrenia is that the Ego is being over taken by either the Id or Superego. You read "Abnormal Psychology- Schizophrenia" in category "Papers" Freudians would suggest that there has been a problem in childhood, most likely a problem with the mother, the ego doesn’t develop as well as it should which means the id can easily take control. (Sammons (2008)) The Ego looses control and the patient will enter a child like state, known as ‘primary narcissism’, which causes fantasy to be confused with reality and delusions of self importance which cause the patient to be highly demanding similar to a baby. Hallucinations and delusions are caused by the Ego trying to regain control and reality. There are problems with the psychodynamic approach; firstly there is no scientific evidence to support the explanations. Secondly it has generally been regarded that since anti psychotic drugs work to treat the symptoms that the biological explanation is more reliable. (Sammons (2008)) Freud did not see any point in treating schizophrenics as he believed that it had been caused by the broken ego which is the part of the psyche that he would engage with, as this was so badly damaged he believed there was no way to cure schizophrenia. More recently the main psychodynamic treatment for schizophrenia has been psychotherapy. Rosen (1946) brought patients into a child like state to be able to then nurture them to redevelop a strong ego and ultimately rebalance the psyche. There have been problems with this form of treatment as it is out of date and the results that were found by Rosen are less likely to be effective today as the definition of schizophrenia has changed and the cases Rosen treated would not be considered to be schizophrenic today. Also Drake Sederer (1986) actually found that his form of therapy could worsen symptoms and prolong the patients stay in hospital. Cognitive Explanations and Therapies The cognitive approach agrees with the biological evidence that there is a high genetic contribution to schizophrenia but realises that there must also be other causes and it is important to take these into account. The cognitive model suggests that although genes can create a disposition to develop schizophren ia it only actually develops as a response to stresses such as trauma or infections. Cognitive psychologists fail to take environmental factors such as family and lifestyle into account. Cognitive psychologists believe that the faulty thought patterns are what cause schizophrenia and not a result of the condition. It is suggested that there is a fault with the way in which schizophrenics process information and that it is difficult for them to filter out irrelevant information. Hemsley (1993) suggested that schizophrenics have problems processing information in their memories and new information coming in. It is also suggested that there is a problem with the functioning of the in built schemas. Hemsley explains that the reason schizophrenics hear voices is because they do not realise that their thoughts come from memories and therefore believe them to be voices. There is however very little evidence to support Hemsley’s ideas except for some research on animals which cannot be directly compared with human behaviour. Frith (1992) suggested that people with schizophrenia find it difficult to distinguish whether the information is coming from an internal or external source. He believed that most of the symptoms of schizophrenia can be explained by problems in three different cognitive processes. The first is the inability to generate willed action. The second is the inability to monitor willed action, and the third is the inability to monitor the beliefs and intentions of others. Frith suggests that these problems come from faulty wiring in the brain. There is evidence to support this from his study where he gave specific tasks to schizophrenics and monitored the cerebral blood flow. He found that this was different to what he would expect to see in a person without schizophrenia. The cognitive explanation of schizophrenia is very popular in terms of helping ordinary eople understand the condition. It is also made more reliable by the fact that they take into account other factors such as genetics as well as psychological factors. The cognitive approach also has limitations as although it does well to explain the symptoms of schizophrenia it cannot explain the causes alone without looking at the biological model. PAGE 13-14 Conclusions In conclusion there are a wide range of explanations for schizophrenia including genetics, environment and traumatic experiences. There are also a wide range of treatments including drugs, psycho therapy and behavioural therapy. All of these explanations and therapies have credit on their own but also have limitations. The best way to treat schizophrenia is through a combination of treatments such as drugs used with cognitive-behavioural therapy. Most people with schizophrenia are managed through treatments however many people will relapse. This would then trigger a new round of treatments. Continued support even after recovery helps to reduce the chances of relapse. (NHS choices (2012)) References o AQA, (2010) schizophrenia: Explanations and treatments [online] available from: www. aqabpsychology. co. k/2010/07/schizophrenia-explanations-and-treatments [accessed 5. 2. 2013] o Fritscher, L (2012) Revolving Door Syndrome [online] available from http://phobias. about. com/od/glossary/g/Revolving-Door-Syndrome. htm [accessed 11. 2. 2013] o Head, P (2012) Biological Explanations of Schizophrenia [online] available from: http://www. springwood. norfolk. sch. uk/Downloads/Psychology/BIOLOGICAL%20EXPLANATIONS%20OF %20SCHIZOPHRENIA. pdf [Accessed 6. 2. 2013] o Jabr, F (2013) The Newest Edition of Psychiatry’s â€Å"Bible,† the DSM-5, Is Complete [Online] available from: http://www. scientificamerican. om/article. cfm? id=dsm-5-update [Accessed on 11. 2. 2013] o Net Doctor (2012) Chlorpromazine – Side Effects [online] available from: http://www. netdoctor. co. uk/brain-and-nervous-system/medicines/chlorpromazine. html. [Accessed 11. 2. 2013] o NHS Choices (2012) Schizophrenia – Living with [online] available from: http://www. nhs. uk/Conditions/Schizophrenia/Pages/living-with. aspx [accessed 6. 2. 2013] o Sammons (2008) Schizophrenia [online] available from: http://www. psychlotron. org. uk/resources/abnormal/A2_AQB_abnormal_schizophreniaPsyBehActivity. pdf [accessed 5. 2. 2013] Wing, J. K Agrawal, N. (2009) Concepts of Schizophrenia [online] Available from: (http://www. health. am/psy/more/icd-10-and-dsm-iv-concepts-of-schizophrenia/ [accessed: 2. 2. 2013] Bibliogr aphy o Mcleod, S. (2008) Abnormal Psychology [online] available from; www. simplypsychology. org/abnormal-psychology. html [accessed 5. 2. 2013] o WHO (2012) Mental Health – Schizophrenia [online] available from: www. who. int/mental_health/management/schizophrenia/en/ [accessed 5. 2. 2013] http://alevelpsychologynotes. blogspot. co. uk/2007/10/schizophrenia. html by TAZMANIAN_DEVIL a 2007 How to cite Abnormal Psychology- Schizophrenia, Papers

Overall Working Capital Company Appropriate-Myassignmenthelp.Com

Question: Discuss About The Overall Working Capital Company Appropriate? Answer: Introduction Liquidation is a process by which the company decides to shut down its operations and sell of all its assets. There can be many reasons behind the liquidation of a company. Some company does it on voluntary basis and some are ordered by the court to do the same on the basis to their operations and actions. It is an end to the going concern assumption of the company and affects all its investors and other stakeholders who are related to the company. Three are various rules and laws that have been established to guide the overall liquidation process of the companies. The companies need to appoint a liquidator that will look over the overall liquidation process (Raiborn, et al., 2016). It is possible that sometimes the personal assets of the management may be attached in case the company is not able o pay off all its dues. A company must try to avoid liquidation as much as possible; it is an end to the existence of the company. Liquidation is also known as the process of winding up of the company and closing all its operations. In case the company is making loss, the directors can propose the end of the company and can ask for the liquidation process to begin. Apart from this reason there may be many other reasons because of which the company might get liquidated like the business has been started for wrong reasons, or the overall working capital of the company is not appropriate, there are chances that the overall location of the company might not be right, there might be fraudulent financial practices, all these factors might contribute to the overall liquidation of the company. Non-compliance with the rules and regulations and no following the ethical path can also be a reason for the liquidation of the same. The same is explained in the analysis given below with the help of example of few specific companies that were liquidated. (Knechel Salterio, 2016). The case of liquidation with ABC learning, One Tel Phone company and HIH Insurance ABC learning has been known for one of the best child education providing companies in Australia in the past. It had a large number of educational primary and secondary centres across Australia and was earning heavily and the profit margins were high. The new auditors took over in 2000 and the company was listed on the Australian Stock exchange with the huge market capitalization of 2.5 billion dollars in 2006. However, later on the company was found to be involved in the number of malpractices because of ethics and governance in accounting and it had to liquidate due to a number of issues. This occurred as it had a huge borrowing and debt and was not able to pay in time. A large number of investors were affected and went into widespread losses. The auditors were also held responsible for the acts of the company as they did not highlight the same to the management and hence the company went into liquidation in 2008. Later on in December 2009, it was taken over by Goodyear Early Learn ing, which currently operates with 650 centres across Australia. (Sonu, et al., 2017). All this happened as the company was not able to pay off its creditors and as a result, it went into voluntary liquidation as the auditors denied signing off the audit report in the presence of material misstatement in the financials of last few years and thus, the auditors demanded recasting and re-preparation of the financial statements. The childcare started in early 2000s and soon it expanded rapidly to have as many as 2300 centres across Australia making it a leader not only inside the Australian territory but also acquiring 1% stake in the US market. It was also involved in some of the major acquisitions and all this accounted for huge profits for the company ranging from 15-20% in 2004 2005. However, all this came under the shed of increasing debt burden on the company, which the company was never able to pay and as a result had to undergo dramatic collapse of the share prices by more than 40% in 2007. All this resulted not only in receivership being imposed on the company go ing through financial distress but SP also delisted the company from the stock exchange. (Fay Negangard, 2017). Many reasons can be attributable to the collapse of ABC learning via liquidation but some of the major includes lack of corporate governance being followed at the organisation, lack of ethics in business, incorrect valuation supported by non-disclosure of price sensitive information to the stakeholders. The poor internal control and lack of review from management showed that there was no due diligence being done by the company on the acquisition of the new entity and there were huge differences from the actual should be valuation to the tune of multi million dollars. This proved that the acquisitions were never analysed based on future economic benefits or numbers but was just a rubber and stamp activity for those charged with governance. It did not had the investment review committee instead; it had management group approval whose only work was redundant stamping exercise.(Jones, 2017). One of the reports also showed up that one of the companies which was acquired was valued $ 70 Mn instead of the actual $ 30 Mn, which is one of the example of the overvaluation of the companies and making excessive payments. Another company being discussed here is One tel phone company which was one of the renowned telecommunication brands in Australia known widely for its mobile and internet services, marketing and new information systems and famous among the youth and had a customer base of 2 million across 8 countries. This was again caused with the issue of weak internal financial controls and weak business ethics together with non-competitive management who were least interested in giving the true, unbiased and fair picture of accounts to the stakeholders. The liquidation of the company was primarily brought about by wrong flow of information regarding the expected revenues and profits based on the past year profit figures. The company was earning tremendously in the past 4 years from 1997 to 2000 with the rise in sales by 127%, 40%, 57% and 100% and thus gave the sales rise estimate of 10 times compared to the last year. However, in reality, the company could not achieve as per the expectations ins pite of huge growth in the past years. The other reason of failure to pay the debts and ending with huge payables and liabilities in the Balance sheet was the purchase of addition spectrum licenses which were not actually required. This also included public as well as government funding. But in the year 2000, One tel suffered one of the major blows of all time and suffered losses amounting to $ 291 Mn and the share prices fell to as low as $ 1. Inspite of ending with major losses, the company continued to pay its directors Rich Keeling handsomely with salaries and bonus in million dollars. All these factors cumulatively accounted for negative cash flow and increase of debt burden on the company. (Bena, et al., 2017) The company had to close its operations, sell its assets, lay off huge number of employees and ultimately liquidate in 2001. Corporate governance in the company was totally done away with and the financial accounts no more reflected the true and unbiased affairs of the business on which any decision could be taken. It was not only that the sales were shown inflated in the accounts, but the figures of receivables, other accruals and profits were also shown to be excessively high which missed the view of the auditors. This was a detection risk, which could have been bought to the notice of the management. HIH insurance is another pivotal companies in Australia known for insurance business. It was the 2nd largest at that time but had to liquidate courtesy a major collapse because of huge losses being incurred by the entity. The losses were to the tune of $ 5.3 billion, which is still being considered as one of the major corporate collapse in Australia. The major reason for liquidation was the incorrect over inflated pricing or valuation of the taken over entity FAI along with the aggressive accounting techniques being followed by the entity. On top of the losses incurred, the company had paid to its chief executive office a multi million severance package when he decided to resign the entity just an year ago when the entity was liquidated. This affected the construction industry and housing business terribly.(Bae, 2017). The major operations of HIH insurance included property dealing and underwriting services but the aggressive intent of accounting coupled with wrong disclosure of fact s and figures of many such acquisitions like CE Health international where the liabilities and reserves were shown to be understated in the financials, resulted in liquidation. Again, in this case too, the acquisitions were made without proper due diligence and wrong information was being reported by the company under the nose of the auditors who could identify the same at that time. All this resulted in losses amounting to $100 Mn to $ 300 Mn and hence the results were not published. This non compliance of corporate governance coupled with other factors led to the liquidation of HIH insurance company. (Flix, 2017) Conclusion In the given analysis, we see that there were many factors that had contributed to the liquidation of the company. The company was not able to manage its operations properly and that contributed to its liquidation. The management of the company, as we in the case of the ABC Learning centre indulged in several fraudulent means by which they show that loss-making units was making a large amount of profit. This was an unfair mean that was adopted by the company and when the company got liquidated large number of investors and other related parties were affected very badly. There were many other reasons as the overall accounting processes in the company were not up to the work, even the auditors of the company helped in falsification of the records. Because of all these strict rules have been written by the law framing bodies to make sure that the overall liquidation process is properly monitored and the companies do not indulge in any kind of fraudulent means that might hamper their exi stence and cause the company to liquidate. From the examples of these three companies, we can see how important it is for the company to get their accounts audited and how important it is for the auditor to maintain an unbiased and true approach. In any, way if we see that the auditor or the management is indulging in fraudulent practices then they can be punished and held guilty for the same. The overall process of liquidation must be handled by the liquidator who must be very true in their approach and maintain the appropriate code of ethics in their function.(Grenier, 2017) Recommendations The companies need to understand that if they are being liquidated so many people become unemployed and lose on their jobs and their income. The investors who had invested in the company based on the audit reports of these companies, assuming them to be going concern suffers huge loss because of the same. There are so many laws that the government has framed to make sure that these parties are not affected in cases that the companies go into liquidation(DeZoort Harrison, 2016). The overall analysis of these three companies helps in developing an overall understanding about the importance of compliance with the laws and the principles. The management and the other professionals must be true to their work and must have an unbiased approach to the company and its financial statements. 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