Whois & Analysis for goingconcern.com

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.

Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations.

The modern field was established by the Italian mathematician Luca Pacioli in 1494.

Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.

Practitioners of accounting are known as accountants.

The terms "accounting" and "financial reporting" are often used as synonyms.

In general, an opinion is a judgment, viewpoint, or statement that is not conclusive.

It may deal with subjective matters in which there is no conclusive finding.

What distinguishes fact from opinion is that facts are more likely to be verifiable, i.e. can be agreed to by the consensus of experts.

An example is: "United States of America was involved in the Vietnam War" versus "United States of America was right to get involved in the Vietnam War".

An opinion may be supported by facts and principles, in which case it becomes an argument.

Different people may draw opposing conclusions (opinions) even if they agree on the same set of facts.

Opinions rarely change without new arguments being presented.

It can be reasoned that one opinion is better supported by the facts than another by analyzing the supporting arguments.

In casual use, the term opinion may be the result of a person's perspective, understanding, particular feelings, beliefs, and desires.

The Internet is the global system of interconnected computer networks that use the Internet protocol suite (TCP/IP) to link devices worldwide.

It is a network of networks that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies.

The Internet carries an extensive range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and peer-to-peer networks for file sharing.