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.
Read more about Going Concern: Definition of The 'going Concern' Concept, Use in Accounting, Going Concern Use in Auditing, Use in Risk Management
Famous quotes containing the word concern:
“What right those who govern have to govern they don’t question, they just govern. Whether the people have a right to depose them that doesn’t concern them. All they are concerned with is that the people will not be tempted to depose them.”
—Johann Wolfgang Von Goethe (1749–1832)