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goingconcern
going concern
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The answer GOINGCONCERN (going concern) has 11 possible clue(s) in existing crosswords.
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The word GOINGCONCERN (going concern) is NOT valid in any word game. (Sorry, you cannot play GOINGCONCERN (going concern) in Scrabble, Words With Friends etc)
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Definitions of going concern in various dictionaries:
GOING CONCERN - Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entitys liquidation becomes immine...
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Nov 26 2017 The Times - Concise |
Going concern description |
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Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entitys liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entitys liquidation becomes imminent, financial statements are prepared under the liquidation basis of accounting (Financial Accounting Standards Board, 2014). * A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering the conceptual framework of the IFRS. Hence, the declaration of going concern means that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operatio |