Childish Accounting

McCallum, Jan
December 2008
Forbes Asia;12/8/2008, Vol. 4 Issue 21, p82
The article provides information on the ABC Learning Centres Ltd., the biggest child care business in Australia, and the second-largest operator in the U.S. It states that company acquired a huge debt loan and has the chance to be sold due to its many errors including its overly fast growth, unclear accounting, and paying too much for its assets. Eventually, the bankruptcy of the company became a national issue in Australia because it works for 120,000 children at 1,040 centers.


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