Going concern is the basis that a company will continue operating for the foreseeable future. Management must assess that assumption and disclose material uncertainties under the applicable reporting framework.
A going-concern basis can remain appropriate even when serious doubts exist. The financial statements should then explain material uncertainties and important judgements.
The assessment can change before accounts are authorised. Read auditor wording, liquidity information, financing plans, and later events together.
This page explains the shared concept. National legal effects may differ. Check official records before acting.
An annual report is a company's yearly official financial record. It shows the business's results and financial position for the year, but it does…
A cash-flow statement reports how cash and cash equivalents changed during a period, grouped into operating, investing, and financing activities. It…
A qualified audit opinion means the auditor accepts most of the accounts, but not all of them. It is a warning that one specific issue was important…
Company insolvency is the formal legal state where a business cannot pay its debts or is in serious financial distress, so a legal process is started…
Business Strength combines financial performance, payment records, public risk signals, and business activity. Scores range from 0–100. Higher scores…
Altman Z″ combines four financial ratios to indicate distress risk for private non-manufacturing companies.
