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:
“You say that you do not succeed much. Does it concern you enough that you do not? Do you work hard enough at it? Do you get the benefit of discipline out of it? If so persevere. Is it a more serious thing than to walk a thousand miles in a thousand successive hours? Do you get any corns by it? Do you ever think of hanging yourself on account of failure?”
—Henry David Thoreau (1817–1862)