Full Project-THE ROLE OF ACCOUNTANT IN MANAGING AND LIQUIDATING DISTRESSED BANKS

Full Project-THE ROLE OF ACCOUNTANT IN MANAGING AND LIQUIDATING DISTRESSED BANKS

Click here to Get this Complete Project Chapter 1-5

THE ROLE OF ACCOUNTANT IN MANAGING AND LIQUIDATING DISTRESSED BANKS.

 

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND OF THE STUDY

Banks plays crucial roles in the process of economic development by mobilizing funds from the surplus spending units into the economy, and by on.  Lending such funds to the deficit spending units fro investment, banks increase I the process.  The quantum of national savings and investments through an appropriate investments multiplier, the volume of goods and services produced in an economy increases overtimes as a result of the investment projects embarked upon through banks funds. Also through banks direct and indirect contributions towards the growth of the national economy, they (banks) succeed in promoting an efficient payment system, and in creating banking habits and in developing the society at large.

I intend to look at the possible reasons for bank distress and the effects of such failures on the rest of us before looking at “The Role of Accountant in Managing and Liquidating a Distress banks”.

A various times over the past five years of the structural adjustment programme (SAP) the banking industry had to cope with different types and forms of difficulties, all in a bid to record and sustain what one may call impressive performance we have for instance been at different times, the removal and late re-introduction of selling on interest rates. The seemingly nectarous and dreaded stabilization securities have also become one source of treasury management policy devotement that banks have learnt to live with. The term “distress” means great pains discomfort or serious sufferings caused by wants of money or mismanagement of money by bank officials which as we know is a complete relation of the trust reposed I them by innocent investors.

The role of accountant in managing and liquidating a distress banks are too much and cannot be over emphasized when liquidating a distress banks.

Accountants has to see that all the assets and liabilities of distress banks are being valued by expert values.

The accountant has to be fully involved in appointing an expert liquidator who would then sell the assets and liabilities of the distressed bank by means of auction to the general public.

In this case, it is not only that the property of the bank is being liquidated but also, the property of the debtors of the distressed bank.  The liquidator has to fall back on the assets which the debtors of the bank used as their collateral when borrowing money from the bank.

The money being recovered from the proceed should be used to settle the creditors of the distressed banks.  This is so because the bank has been turned “DISTRESS” by the Central Bank of Nigeria (CBN) as a result of its inability to meet up with the stipulated guidelines of having of capital and non-marketable assets base.

1.2            STATEMENT OF PROBLEM

There are many problems which could eventually lead to bank

distress just as there are many possible causes of death of a human being.

Some of the problems are stated here but they are in no way exhaustive.

i.       Bad management

ii.       Inadequate capital

iii.       Risk asset portfolio

iv.        Assets and liabilities management

v.         Boardroom crisis

vi.         Inability to adopt to changes

vii.         Fraud

viii.      Planning etc.

1.3        OBJECTIVE OF THE STUDY

The researcher is precisely focusing mainly on the objective

of the managing and liquidating a distress bank in the sense that she carried out her study which intend to ascertained how the property of the distress bank should be disposed as a way of recovering in full or part of the money deposited by the customers during the banking operation.

The study is also designed to highlight the consequences of liquidating a distress bank which include how exactly the asset should be valued to make sure that the auctioneer does not pay less or making a pledge of paying later.

In order further, this course of study the following aims are being considered as some of the objectives of managing and liquidating a distress bank:

a.       Distress bank

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

1, Accounting Research Project

  1. Adult Education
  2. Agricultural Science
  3. Banking & Finance
  4. Biblical Theology & CRS
  5. Biblical Theology and CRS
  6. Biology Education
  7. Business Administration
  8. Computer Engineering Project
  9. Computer Science 2
  10. Criminology Research Project
  11. Early Childhood Education
  12. Economic Education
  13. Education Research Project
  14. Educational Administration and Planning Research Project
  15. English
  16. English Education
  17. Entrepreneurship
  18. Environmental Sciences Research Project
  19. Guidance and Counselling Research Project
  20. History Education
  21. Human Kinetics and Health Education
  22. Management
  23. Maritime and Transportation
  24. Marketing
  25. Marketing Research Project 2
  26. Mass Communication
  27. Mathematics Education
  28. Medical Biochemistry Project
  29. Organizational Behaviour
  30. Other Projects
  31. Political Science
  32. Psychology
  33. Public Administration
  34. Public Health Research Project
  35. More Research Project
  36. Transportation Management
  37. Nursing

 

 

Need a Project Writer for a Different Topic