Going concern - Revision history

imported>Doug Williamson: Add link.

2022-07-20T05:33:47Z

Add link.

2020-10-29T14:12:32Z

Amend header.

← Older revision		Revision as of 14:12, 29 October 2020
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	2. ''~~Accounting~~ concepts.''		2. ''Financial reporting - accounting concepts.''

	The going concern basis of accounting requires that the accounts are prepared using the assumption that the business will continue in operation for the foreseeable future (more than 12 months) and that there is neither the aim nor need to liquidate or limit significantly the nature of the operations.		The going concern basis of accounting requires that the accounts are prepared using the assumption that the business will continue in operation for the foreseeable future (more than 12 months) and that there is neither the aim nor need to liquidate or limit significantly the nature of the operations.
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	4.		4. ''Pensions''.

	''Pensions''.

	The assumption that a pension scheme continues without being discontinued.		The assumption that a pension scheme continues without being discontinued.

2020-09-10T11:44:31Z

Add header.

← Older revision		Revision as of 11:44, 10 September 2020
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	2.		2. ''Accounting concepts.''

	The going concern basis of accounting requires that the accounts are prepared using the assumption that the business will continue in operation for the foreseeable future (more than 12 months) and that there is neither the aim nor need to liquidate or limit significantly the nature of the operations.		The going concern basis of accounting requires that the accounts are prepared using the assumption that the business will continue in operation for the foreseeable future (more than 12 months) and that there is neither the aim nor need to liquidate or limit significantly the nature of the operations.

2020-04-21T19:36:23Z

Add link.

2017-02-10T18:07:29Z

Add link to Double entry page.

← Older revision		Revision as of 18:07, 10 February 2017
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	== See also ==		== See also ==
	* [[Total Loss Absorbing Capacity]]
	* [[Accounting concepts]]		* [[Accounting concepts]]
	* [[Accruals concept]]		* [[Accruals concept]]
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	* [[Discontinuance]]		* [[Discontinuance]]
	* [[Discontinuance method]]		* [[Discontinuance method]]
			* [[Double entry]]
	* [[Gone concern]]		* [[Gone concern]]
	* [[Headroom]]		* [[Headroom]]
	* [[Liquidation value]]		* [[Liquidation value]]
			* [[Total Loss Absorbing Capacity]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]

2016-11-10T13:09:51Z

Expand. Sources: linked pages.

← Older revision		Revision as of 13:09, 10 November 2016
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	The going concern concept is important in bank prudential regulation and capital requirements. To be fully effective as loss absorbing capacity, capital should absorb losses at the stage when the entity is still a going concern.		The going concern concept is important in bank prudential regulation and capital requirements.

			To be fully effective as loss absorbing capacity, capital should absorb losses at the stage when the entity is still a going concern (and not yet a 'gone concern').

2016-11-10T12:41:21Z

Add link.

2015-09-01T12:19:26Z

Link with Total Loss Absorbing Capacity page and concept.

← Older revision		Revision as of 12:19, 1 September 2015
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	A going concern is an entity which is commercially viable, able to pay its obligations as they fall due, and whose owners (or other controllers) intend it to continue in operation for the foreseeable future.		A going concern is an entity which is commercially viable, able to pay its obligations as they fall due, and whose owners (or other controllers) intend it to continue in operation for the foreseeable future.


			The going concern concept is important in bank prudential regulation and capital requirements. To be fully effective as loss absorbing capacity, capital should absorb losses at the stage when the entity is still a going concern.



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	== See also ==		== See also ==
			* [[Total Loss Absorbing Capacity]]
	* [[Accounting concepts]]		* [[Accounting concepts]]
	* [[Accruals concept]]		* [[Accruals concept]]

2013-10-13T07:21:08Z

Add link to Gone concern.

← Older revision		Revision as of 07:21, 13 October 2013
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	* [[Discontinuance]]		* [[Discontinuance]]
	* [[Discontinuance method]]		* [[Discontinuance method]]
			* [[Gone concern]]
	* [[Headroom]]		* [[Headroom]]
	* [[Liquidation value]]		* [[Liquidation value]]

	[[Category:~~Accounting_and_Reporting~~]]		[[Category:Accounting,_tax_and_regulation]]

2013-10-09T10:50:48Z

Category added 9/10/13

← Older revision		Revision as of 10:50, 9 October 2013
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	* [[Headroom]]		* [[Headroom]]
	* [[Liquidation value]]		* [[Liquidation value]]

			[[Category:Accounting_and_Reporting]]