<P> 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 operations . </P>
<P> 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 operations . </P>
the going concern principle assumes that the business
the going concern principle assumes that the business
functions without the threat of liquidation for the foreseeable future , usually regarded as at least within 12 months
functions without the threat of liquidation for the foreseeable future , usually regarded as at least within 12 months