The Role Of Accountant In Managing And Liquidating Distressed Banks

The Role Of Accountant In Managing And Liquidating Distressed Banks

TABLES OF CONTENT

TITLE runner

fidelity

ACKNOWLEDGEMENT

Offer

TABLE OF CONTENTS

CHAPTER ONE

preface

BACKGROUD OF THE STUDY

STATEMENT OF PROBLEM

ideal OF THE STUDY

LIMITATION OF THE STUDY

SIGNIFICANCE OF STUDY

exploration QUESTION

CHAPTER TWO

LITERATURE/ ESSAY DEVELOPMENT

THE ORIGIN OF MODERN BANKING

NATURE OF BANKING

HISTORY AND DEVELOPMENT OF BANKING IN NIGERIA

THE NIGERIA BANKING SYSTEM/ style IT OPERATES

torture IN BANKS

POSSIBLE CAUSE OF torture IN BANKS

THE part OF ACCOUNTANTS IN Worried BANKS

THE part OF ACCOUNTANTS AS LIQUIDATOR OF Worried BANKS

CHAPTER THREE

FINDINGS

CONCLUSION

RECOMMENDATION

BIBLIOGRAPHY

CHAPTER ONE

preface

BACKGROUND OF THE STUDY

Banks plays pivotal places in the process of profitable

development by marshaling finances from the fat spending units into the frugality, and by on. Lending similar finances to the deficiency spending units fro investment, banks increase I the process. The amount of public savings and investments through an applicable investments multiplier, the volume of goods and services produced in an frugality increases overtimes as a result of the investment systems embarked upon through banks finances.

Also through banks direct and circular benefactions towards the growth of the public frugality, they( banks) succeed in promoting an effective payment system, and in creating banking habits and in developing the society at large.

I intend to look at the possible reasons for bank torture and the goods of similar failures on the rest of us before looking at “ The part of Accountant in Managing and Liquidating a torture banks ”.

A colorful times over the once five times of the structural adaptation programme( SAP) the banking assiduity had to manage with different types and forms of difficulties, all in a shot to record and sustain what bone may call emotional performance we’ve for case been at different times, the junking and latere-introduction of dealing on interest rates.

The putatively nectarous and dreaded stabilization securities have also come one source of storeroom operation policy devotement that banks have learnt to live with.

The term “ torture ” means great pains discomfort or serious mournings caused by wants of plutocrat or mismanagement of plutocrat by bank officers which as we know is a complete relation of the trust reposed I them by innocent investors.

The part of accountant in managing and standing a torture banks are too important and can not be over emphasized when standing a torture banks.

Accountants has to see that all the means and arrears of torture banks are being valued by expert values.

The accountant has to be completely involved in appointing an expert liquidator who would also vend the means and arrears of the worried bank by means of transaction to the general public.

In this case, it isn’t only that the property of the bank is being liquidated but also, the property of the debtors of the worried bank. The liquidator has to fall back on the means which the debtors of the bank used as their collateral when adopting plutocrat from the bank.

The plutocrat being recovered from the do should be used to settle the creditors of the worried banks. This is so because the bank has been turned “ torture ” by the Central Bank of Nigeria( CBN) as a result of its incapability to meet up with the quested guidelines of having of capital andnon-marketable means base.

STATEMENT OF PROBLEM

There are numerous problems which could ultimately lead to bank

torture just as there are numerous possible causes of death of a mortal being.

Some of the problems are stated then but they’re in no way total.

Bad operation

ii. shy capital

iii. threat asset portfolio

iv. means and arrears operation

Boardroom extremity

vi. incapability to borrow to changes

vii. Fraud

viii. Planningetc.

ideal OF THE STUDY

The experimenter is precisely fastening substantially on the objective

of the managing and standing a torture bank in the sense that she carried out her study which intend to caught on how the property of the torture bank should be disposed as a way of recovering in full or part of the plutocrat deposited by the guests during the banking operation.

The study is also designed to punctuate the consequences of standing a torture bank which include how exactly the asset should be valued to make sure that the auctioneer doesn’t pay lower or making a pledge of paying latterly.

In order further, this course of study the following points are being considered as some of the objects of managing and standing a torture bank

torture bank