20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

Going concern

This topic has 1 reply, 2 voices, and was last updated 6 years ago by Ken Garrett.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
February 26, 2019 at 3:27 pm #506614
vavneetb
Participant
- Topics: 175
- Replies: 123
How can be preparation of FS on the going concern basis is a good thing?
February 26, 2019 at 3:48 pm #506618
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10619
If the,compqny is a,going concern, then FS drawn up on that basis are more representative of reality.
If the company os doomed, preparing the FS on a break-up basis is more representative of reality.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Going concern’ is closed to new replies.