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Going Concern - When accounting goes unaccounted for
https://www.goingconcern.com/
WebSep 21, 2010 · Accounting Firms Will Not Be Leading the AI Revolution. Going Concern News Desk. April 19, 2024. Rightworks has released their inaugural 2024 Accounting Firm Technology Survey and the results tell us what we already done knew: Accounting firms are hesitant to adopt next-gen technology. Hell, a….
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What Does Going Concern Mean? - Investopedia
https://www.investopedia.com/terms/g/goingconcern.asp
WebAug 24, 2023 · Going concern is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary.
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Going concern - Wikipedia
https://en.wikipedia.org/wiki/Going_concern
Webt. e. A going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future, which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two).
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‘Going Concern,’ Going Bust - The New York Times
https://www.nytimes.com/interactive/2023/08/04/business/what-is-a-going-concern.html
WebAug 4, 2023 · A going concern is a company that will continue to operate for at least a year. But the term is rarely brought up unless a company is in trouble — that is, in cases where it has doubts it could...
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Going Concern Assumption | Accounting Concept + Examples
https://www.wallstreetprep.com/knowledge/going-concern/
WebSep 8, 2023 · The going concern principle is a fundamental accrual accounting principle that assumes a company will continue operating indefinitely for the foreseeable future. The reason the going concern assumption bears such importance in financial reporting is that it validates the use of historical cost accounting.
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Handbook: Going concern - KPMG
https://kpmg.com/us/en/frv/reference-library/2022/handbook-going-concern.html
WebHandbooks | March 2022. Latest edition: Our comprehensive guide to management’s going concern assessment. KPMG explains how an entity’s management performs a going concern assessment and makes appropriate disclosures. Q&As, interpretive guidance and illustrative examples include insights into how continued economic uncertainty may affect ...
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Going Concern — Key Considerations Related to Performing a
https://dart.deloitte.com/USDART/home/publications/deloitte/accounting-spotlight/2020/going-concern-assessment
WebJul 8, 2020 · Summary of the Going-Concern Accounting and Disclosure Requirements. Under U.S. GAAP, an entity’s financial statements are prepared under the assumption that the entity will continue as a going concern until liquidation is imminent (i.e., the “going concern basis of accounting”). Once liquidation is deemed imminent, an entity must …
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24.5 Going concern - Viewpoint
https://viewpoint.pwc.com/dt/us/en/pwc/accounting_guides/financial_statement_/financial_statement___18_US/chapter_24_risks_and_US/245_going_concern_US.html
WebASC 205-40, Presentation of Financial Statements – Going Concern, requires management to assess the reporting entity’s ability to continue as a going concern. 24.5.1 Assessing going concern Financial reporting under US GAAP assumes that a reporting entity will continue to operate as a going concern until its liquidation becomes imminent.
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Going concern—a focus on disclosure - IFRS
https://www.ifrs.org/content/dam/ifrs/news/2021/going-concern-jan2021.pdf
Webentity’s ability to continue as a going concern. The Standard defines going concern by explaining that financial statements are prepared on a going concern basis unless management either intends to liquidate the entity or to cease trading, or has no realistic alternative but to do so.
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Going-Concern Value Defined, How It Works, Example - Investopedia
https://www.investopedia.com/terms/g/going_concern_value.asp
WebJun 8, 2021 · Going concern value is a value that assumes the company will remain in business indefinitely and continue to be profitable. Going concern value is also known as total value.
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