Going concern

Can some1 explain what ‘going concern’ mean?

Management has no intention to wind-up the business in the near future - i.e financial statements are presented under the assumption that the firm will continue to operate as usual.

i see… is there another term if the company intends to wind-up?

“not a going concern”

fair enough

:slight_smile: seriously, I’m not joking with you

ok gotcha