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.
Chapter One: Introduction
Background of the study
Hepatitis B virus (HBV) is one of the most common chronic infections worldwide...
ABSTRACT
The study is a critical examination of the impact of industrialization on rural development....
Background of the Study
Radio dramas are an effective medium for communication in many parts of the world, especially in...
Background of the Study
Sustainability strategies have become crucial for businesses s...
Background of the Study
Employee turnover, the rate at which employees leave an organization and are replaced, is a critica...
ABSTRACT
This study examined the cause and remedies of poor maintenance of public building in Enugu Urb...
ABSTRACT
Spondias mombin belongs to the family Anacardiacae. All parts of the tree are reported to be medicinally useful. The fruit juice...
Background of the Study
Economic recessions are periods of economic decline characterized by reduced consumer spending,...
ABSTRACT
The transmission of infection via fomites constitutes a major threat to public health especially in the develop...