Abstract: AN APPRAISAL OF ACCOUNTING FOR DISTRESSED ASSET FUNDS AND WORKOUTS
This study aims to: (1) examine the accounting practices for distressed asset funds, (2) evaluate the challenges in valuing distressed assets, and (3) propose best practices for accounting during asset workouts. A survey design was adopted to gather data from 330 accountants and financial analysts in Port Harcourt, with the sample size determined using Taro Yamane’s formula. Port Harcourt was chosen due to its active investment scene and presence of distressed assets. The survey instrument had a reliability coefficient score of 0.86. Findings indicate that distressed asset funds require specialized accounting practices to accurately value and manage impaired assets. The study recommends the development of robust valuation models and accounting guidelines tailored to distressed assets to ensure accurate financial reporting and effective asset management.
ABSTRACT
The study investigated awareness and utilization of podcast for information services delivery among librarians inuniversity libr...
Background of the Study
Internal audit is a critical function in ensuring accountability, transparency, and financial integ...
ABSTRACT
This study examines the effect of private media houses in Nigeria economy using African Independent T...
Background of the Study
Variance analysis is an essential managerial tool used to evaluate the differences between planned...
INTRODUCTION
Accident, literally, a befalling, an occurrence that occurs without forethought or anticip...
Chapter One: Introduction
1.1 Background of the Study
Entrepreneurship development is crucial for fostering economic growth, re...
Crime is a social problem that e...
ABSTRACT
Human resource is the livewire of any organisation. Its effective management is very crucial and central in the achievement of o...
Background of the Study
Tax revenue is a crucial component of the national budget and...
EXCERPT FROM THE STUDY
The United Nations Security Council (UNSC) is the organ of the United Nations charged with mainta...