Going concern and Voluntary Carbon Markets Integrity Initiative: Difference between pages

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1.  
''Environmental policy - emissions trading schemes''.  


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.
(VCMI).


The VCMI is established to promote a vision for voluntary carbon markets to make a meaningful contribution to climate action and limit global temperature from rising to 1.5˚C above pre-industrial levels, while also supporting the achievement of the UN Sustainable Development Goals.


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').
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.


== See also ==
* [[Carbon credits]]
* [[Carbon markets]]
* [[Carbon pricing]]
* [[Carbon trading]]
* [[Emission trading scheme ]]
* [[Governance]]
* [[Integrity Council for the Voluntary Carbon Market]]  (ICVCM)
* [[Just transition]]
* [[Offset]]
* [[Sustainable Development Goals]]  (SDGs)
* [[Voluntary carbon markets]]


4.


''Pensions''.
==External link==
*[https://vcmintegrity.org/about/ The Voluntary Carbon Markets Integrity Initiative (VCMI) - about us]
The assumption that a pension scheme continues without being discontinued. 
 
Going concern valuations are made on such a basis.
 
 
== See also ==
* [[Total Loss Absorbing Capacity]]
* [[Accounting concepts]]
* [[Accruals concept]]
* [[Additional Tier 1]]
* [[Asset value]]
* [[Consistency]]
* [[Disaggregation]]
* [[Discontinuance]]
* [[Discontinuance method]]
* [[Gone concern]]
* [[Headroom]]
* [[Liquidation value]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Latest revision as of 10:48, 7 December 2022

Environmental policy - emissions trading schemes.

(VCMI).

The VCMI is established to promote a vision for voluntary carbon markets to make a meaningful contribution to climate action and limit global temperature from rising to 1.5˚C above pre-industrial levels, while also supporting the achievement of the UN Sustainable Development Goals.


See also


External link

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