going concern


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Going Concern

A term describing a company with enough cash flow and/or other resources to maintain operations for the foreseeable future. A company that is no longer a going concern has gone bankrupt.

going concern

A business expected to continue operating in the foreseeable future. A going concern is valued differently from a firm for which liquidation is expected.

going concern

see ACCOUNTING CONCEPTS.
References in periodicals archive ?
The old regulations, as well as those incorporating the Allocation Amendments, place intangible assets that are severable from the ongoing business (those other than goodwill and going concern value) in the class of assets immediately senior to the residual class.
The financial statements include a going concern qualification from its independent registered public accounting firm, Ernst & Young LLP.
NYSE Amex: KAZ) (the "Company") confirms that the audit opinion of the Company's independent registered public accounting firm included in the Annual Report of the Company on Form 10-K for the year ended March 31, 2011, which was filed on June 29, 2011 (the "Annual Report on Form 10-K"), contained a going concern qualification.
FASB issued two related Exposure Drafts for public comment: Going Concern and Subsequent Events.
In 1998 German public limited companies were obliged to establish a monitoring system for early recognition of developments that might endanger the company as a going concern.
167) and going concern value could not be depreciated because they lacked an ascertainable life.
Nasdaq:SBEI), a leading provider of high-performance IP storage solutions serving remote back-up and disaster recovery applications, announced today that its financial statements for the fiscal year ended October 31, 2006 contain a going concern qualification.
a leading developer of Web conferencing software and audio conferencing solutions, today reported that the going concern paragraph has been removed from the audit opinion contained in iLinc's Form 10-K report.
This valuation method was based on the assumption that a willing buyer would operate the timber property as a going concern.
Bankruptcy courts aim to realize the highest price for assets being sold, but because the assets are from distressed businesses, they usually sell for considerably less than going concern value.
197 in 1993, certain intangible assets -- including goodwill and going concern value -- were not amortizable.
ChemGenex Pharmaceuticals (ASX: CXS, NASDAQ: CXSP), a pharmaceutical development company dedicated to improving the lives of patients by developing therapeutics in the areas of oncology, diabetes and obesity, today announced that its financial statements for the year ended June 30, 2006, contained in its Annual Report on Form 20-F for the year ended June 30, 2006, as filed with the Securities and Exchange Commission on December 28, 2006, included an audit report containing a going concern qualification from its independent public accounting firm.