The new requirements relating to going concern evaluation and disclosure provide a critical improvement to the financial statements taken as a whole
The going concern principle assumes that an entity will continue to exist into the future. This assumption implies that the entity will not be compelled to end their operations, liquidate their assets, or go into bankruptcy. It is an integral assumption in financial statements since it allows for...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Academy of Business & Retail Management
2016-03-01
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| Series: | International Journal of Business & Economic Development |
| Subjects: | |
| Online Access: | http://ijbed.org/admin/content/pdf/i-10_c-101.pdf |