Fund and Going concern: Difference between pages

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A privately owned investment portfolio, established to safeguard and grow the wealth of the investors.
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.


For example, a mutual fund or a money market fund.


2.


2.
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.


An organisation established to promote development or other public benefit.


For example, the International Monetary Fund.
3.  


More generally, a basis of valuing a business on the assumption that it will continue in operation.


3.
Such a valuation may be made for accounting purposes or for other purposes.


An organisation established to safeguard the interests of stakeholders in other defaulting organisations.


For example, the UK's Pension Protection Fund.
4.  


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


4. ''Noun.''
Going concern valuations are made on such a basis.
 
A supply or amount of money saved, collected, or provided for a particular purpose.
 
 
5. ''Verb.''
 
To provide money for a particular purpose.
 




== See also ==
== See also ==
*[[Active fund]]
* [[Accounting concepts]]
*[[African Guarantee Fund]]
* [[Accruals concept]]
*[[Bond fund]]
* [[Asset value]]
*[[Domestic fund]]
* [[Consistency]]
*[[European Fund and Asset Management Association]]
* [[Disaggregation]]
*[[European Fund for Strategic Investments]]
* [[Discontinuance]]
*[[European Investment Fund]]
* [[Discontinuance method]]
* [[Exchange-traded funds]]  (ETFs)
* [[Headroom]]
*[[Fixed term fund]]
* [[Liquidation value]]
*[[Fraud Compensation Fund]]
*[[Fund manager]]
*[[Global fund]]
*[[Green Climate Fund]]
*[[Hedge fund]]
*[[Institutional investor]]
*[[International fund]]
*[[International Monetary Fund]]
*[[Investment fund]]
*[[Life fund]]
*[[Liquidity Fund]]
*[[Money market fund]]
*[[Mutual fund]]
*[[Offshore fund]]
*[[Passive fund]]
*[[Pension fund]]
*[[Pension Protection Fund]]
*[[Portfolio]]
*[[Short Duration Fixed Income Bond Fund]]
*[[Short-term money market fund]]
*[[Side pocket]]
*[[Sinking fund]]
*[[Sovereign wealth fund]]
*[[Tracker fund]]
*[[Trading fund]]
*[[Ultra short duration bond fund]]
*[[Vulture fund]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting_and_Reporting]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]

Revision as of 10:50, 9 October 2013

1.

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.


2.

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.


3.

More generally, a basis of valuing a business on the assumption that it will continue in operation.

Such a valuation may be made for accounting purposes or for other purposes.


4.

Pensions.

The assumption that a pension scheme continues without being discontinued.

Going concern valuations are made on such a basis.


See also

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