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Why did Virgin Australia fail? Give three reasons?

* Read the article https://simpleflying.com/w here-did-virgin-australia-gowrong/ 

 Q 1. Why did Virgin Australia fail? Give three reasons?

*Watch video  https://www.youtube.com/watch?v=9zeHS3A6pg  

 Q.2 describe what is unethical behaviour?

*Read the article titled: Corporate Governance and Business Ethics: insights from the strategic planning experience, Ingrid Bonn and Josie Fisher https://documentcloud.adobe.com/link/review?uri=urn:aaid:scds:US:e2d68e47- 2b31-42a1-ba1a-1f24a6956abf#pageNum=1 

Q.3 What is corporate governance and why does it matter?

Read the case study :-  Queensland ‘Money Mule’ accountant charged with money laundering over alleged $3.3m email hacking scam.

Q.4  ‘Why do you think the accountant got involved in fraud?’

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Writers Solution

Virgin Australia went into administration, while Qantas was able to keep operating during 2020

 To answer the questions below, please use the uploaded financial statements (spreadsheet Qantas VA.xlsx)

Virgin Australia went into administration, while Qantas was able to keep operating during 2020. Find any early evidence from the income statement (PL sheet in Excel), cashflow statement (CF) and balance sheet (BS) that might predict the bankruptcy of Virgin. When commenting, you may compare with Qantas whenever appropriate.