Going Concern definition

Going Concern means the ability of the company to continue operations/business in the future with the availability of the resources.

Going Concern is defined by the Auditing Standards Board SAS No. 132.

Going Concern means all the assets, tangibles or intangibles and resources needed to continue to operate independently a business activity which may be whole or a part of the business of the corporate debtor without values being assigned to the individual asset or resource.”

Examples of Going Concern in a sentence

• Judgements In the process of applying the Trust's accounting policies, management has made the following judgements, which have the most significant effect on the amounts recognized in the financial statements: Going Concern The Trust's management has made an assessment of the Trust's ability to continue as a going concern and is satisfied that the Trust has the resources to continue in business for the foreseeable future.

• Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.

• Going Concern Management assesses the Company’s ability to continue as a going concern in relation to its ability to raise funds.

• The financial statements have been prepared on a Going Concern Basis.

• Operations and Basis of Presentation – Going Concern for further information.

More Definitions of Going Concern

Going Concern concept means that we prepare the financial statements on the assumption that our business is financially sound and not about to be liquidated.

Going Concern means an opinion of an independent accounting firm auditor that there is substantial doubt regarding the entity's ability to continue into the future, generally defined as the following year.

Going Concern means the benefits that accrue to a business or trade as a result of its location, reputation for dependability, skill or quality, customer base, good will, or any other circumstances resulting in the probable retention of old or acquisition of new patronage; and

Going Concern means an enterprise consisting of income-producing assets which has been in operation for a sufficient period of time to generate the data required for the calculation of future income and which could have been expected with reasonable certainty, if the taking had not occurred, to continue producing legitimate income over the course of its economic life in the general circumstances following the taking by the State;

Going Concern. ’ means an entity that

Going Concern. Event of Default (as defined in the Credit Agreement) that would otherwise occur under the Credit Agreement as a result of the filing of the Company’s 2020 Form 10-K in February 2021;

Going Concern means the going concern consisting, inter alia, of the ownership of the Gas Pipeline, the related infrastructures, and the staff and assets and liabilities related to the operation and maintenance services provided by GCA to TAG until the effective date of the Framework Agreement, which GCA transferred to TAG pursuant to the terms and conditions set out in the Framework Agreement.