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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

Showing 1 term

Going concern

Accounting

The assumption that a company will continue operating for the foreseeable future, on which the accounts are prepared; where material doubt exists, the auditor reports it.

In plain terms

A paragraph on material uncertainty relating to going concern is an auditor putting the fragility in writing, in a signed document. It is not a prediction of failure, and it is not an item to skim past either.

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Indian stock market glossary · Market Vidyalaya