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Special Report on

Going-concern principle definition

going concern principle definition special research report Photo by business.fortunecity.com
is based on generally accepted accounting principles (GAAP). These principles are the assumptions, practices and concepts that provide the basis for measuring and reporting on the results of business activities. These principles greatly influence the reported financial position of a business. One concept inherent in the GAAP is the concept of 'going concern'. This concept is also known as the 'going concern' assumption. (The term 'concern' is an early-20th century term meaning "business" or "enterprise") In essence, the 'going concern' concept directs accountants to ...
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GOING-CONCERN PRINCIPLE DEFINITION

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to this year’s proceedings, but how seriously should we take a poll that was won by, um, Ron Paul and whose results were not only booed by the crowd but belittled by CPAC spokesmen who touted the booing to the media? That’s a big menu and the winner was a fait accompli thanks to The One’s agenda and tea-party fee-vah, but still. Only 16 percent had abortion, gay marriage, or “promoting traditional values” as either of their top two priorities? Granted, students comprised 48 percent of the sample — how else could Paul have won? — but that might be less significant as evidence that the ... industry trends, business articles and survey research
The Prevention and Detection of Business Fraud: The Role of ...
Farrell, Barbara R. and Joseph R. Franco. 1999. "The Role of the Auditor in the Prevention and Detection of Business Fraud: SAS No. 82." Western Criminology Review 2/1. [Online]. Available: http://wcr.sonoma.edu/v2n1/v2n1.html. The cost of fraud to business in 1996 was six percent of annual revenue. Everyone is victimized by high product costs and lower corporate profits. When fraud is detected within a business, there is usually shock and disbelief that a trusted employee who resembles the "person next door" could have done what they are accused of. In light of the cost and ... industry trends, business articles and survey research
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IMPLICATIONS OF GOING CONCERN PRINCIPLE ON COMPANY BANKRUPTCY ...
review on the going concern principle. We try to go beyond the definition given in the legal norms by reviewing what various authors wrote on the matter. ... technology research, surveys study and trend statistics
Draft 9-24-04 (DArnold)
E. Definition of the terms assets, liabilities, owners equities, revenue and expenses ... 4. Going Concern Principle. 5. Monetary Unit Principle ... technology research, surveys study and trend statistics
THE ECONOMIC COST OF MYOPIC GOING CONCERN PRACTICE
2 We should note that the definition of “default” in this paper is ... Accounting makes the going concern principle the basis for most measurement and ...
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GOING-CONCERN PRINCIPLE DEFINITION
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