THE ROLE OF ACCOUNTANTS IN MANAGING AND LIQUIDATING DISTRESSED BANKS.
CHAPTER ONE
INTRODUCTION
1.0         BACKGROUND OF THE STUDY
Accountant is a person who undergo a training in accounting system. He has to obtain a certificate as an evidence that he has concepts of accounting efficiently
            A banker is any person carrying out the business of banking which includes accepting of deposits from customers, accepting and keeping others valuables from their customers etc.
            Management can either be persons vested with the responsibility of directing the affairs of an organisation or an act of doing such. Liquidation is then that process and work which the appointed liquidation should do.
1.1       OBJECTIVES OF THE STUDY:
This research work studies the role of accountants in managing and liquidating distressed banks. More especially the objective of these study are:  
To find out the roles which the accountant can play in managing and liquidating distress banks.
To find out the roles which the ways that the banks can liquidated.
To find out the problems being encountered by the management during this period.
1.2       IMPORTANTS OF THE STUDY:
The importance of the study is that it will highlight the importance and consequences of not managing the distressed banks properly.           Some of the benefits that may occur from this research work ae as follows:
            Banks will give them a way to face the problems that leads to liquidation on time, that is to say that it will reveal to them the causes of bank liquidation which they must guard against.
            The masses and accountants will equally benefit from this study because implementations of findings and recommendation in this study will automatically leads to improve standard of managing and closing the distressed banks.
1.3         DEFINITION OF TERMS:
BANK; This is an organisation that provides various financial services, and accepting of valuables from their customers.
LIQUIDATING:          It is process of closing a business and selling everything it owns in order to settle their debtors.
ACCOUNTANT: An accountant is that person who undergo a training in accounting system.
DISTRESSED: It is a problem caused by not having enough money.