Going Concern definitions

Going concern

1) Successful business
Found on https://www.crosswordclues.com/clue/going-concern

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Going concern

A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering t...
Found on http://en.wikipedia.org/wiki/Going_concern

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Going concern

The assumption for the purposes of accounting or valuation, or the fact in the case of a sale, that a business will continue to operate....more on Going concern
Found on http://moneyterms.co.uk/d/

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going concern

[Noun] A company or project that will stay in business and not be closed down.
Example: The pharmacy was sold as a going concern.
Found on http://www.bbc.co.uk/skillswise/glossary/

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Going Concern

Basis on which insolvency practitioners prefer to sell a business. Effectively it means the business continues, jobs are saved, and a higher price is obtained.
Found on http://www.encyclo.co.uk/local/20407

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Going Concern

The Transfer of Undertakings (Protection of Employment) Regulations 1981 ('TUPE') apply where an undertaking (business) is sold as a going concern (as opposed to a sale of assets or a sale of shares) or where a unit within a business is contracted-out (outsourced) or where the contractor is changed. In the event of such a transfer, the employment r...
Found on http://www.encyclo.co.uk/local/20456

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Going concern

Accounting concept that states a business should be valued on the basis that it will be continuing in business and able to use its assets for their intended purpose. The alternative would be a break-up basis which sets values according to what the assets could be sold for immediately - this is often much less than their value would be if they were ...
Found on http://www.encyclo.co.uk/local/20546

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Going Concern

A basis on which a licensed insolvency practitioner will sell a business. Effectively it means the business continues, jobs are saved, and a higher price is obtained.
Found on http://www.encyclo.co.uk/local/20547

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Going Concern

Where a company is trading and making a profit.
Found on http://www.encyclo.co.uk/local/20636

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Going Concern

The idea that an accounting entity will have a continuing existence for the foreseeable future.
Found on http://www.encyclo.co.uk/local/22398

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Going Concern

Basis on which insolvency practitioners prefer to sell a business. Effectively it means the business continues, jobs are saved, and a higher price is obtained.
Found on https://www.encyclo.co.uk/local/20527

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Going concern

accounting idea that a business should be valued on the basis that it will be continuing to trade and able to use its assets for their intended purpose. The alternative is a break-up basis, which sets values according to what the assets could be sold for immediately
Found on https://www.encyclo.co.uk/local/20914

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Going Concern

- Assumption that a business can remain in operation long enough for all of its current plans to be carried out.
Found on https://www.encyclo.co.uk/local/21071

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