An Analysis of the FASB's New Going-Concern Standard and Its Relation to Liquidation Basis Accounting Requirements
Whether a company expects to remain in existence for a reasonable time into the future is a fundamental consideration for investors and creditors when evaluating investment alternatives. Investors and creditors are understandably concerned about management's ability to enhance the capital-provi...
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| Veröffentlicht in: | Review of business 2018-01, Vol.38 (1), p.16-35 |
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| creator | Trainor, Joseph E Phillips, Cynthia R Cangialosi, Maryanne |
| description | Whether a company expects to remain in existence for a reasonable time into the future is a fundamental consideration for investors and creditors when evaluating investment alternatives. Investors and creditors are understandably concerned about management's ability to enhance the capital-providers' investment, and any doubts about an entity's future demise or liquidation is decision-useful information for these capital-market participants. To provide investors and creditors with some assurance about a company's future survival, the accounting standards establish the going-concern assumption. |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0034-6454 |
| ispartof | Review of business, 2018-01, Vol.38 (1), p.16-35 |
| issn | 0034-6454 |
| language | eng |
| recordid | cdi_proquest_journals_2085003712 |
| source | Business Source Complete; Alma/SFX Local Collection |
| subjects | Accounting Accounting standards Accounting Standards Updates Analysis Auditing standards Auditors Balance sheets Capital markets FASB exposure drafts Financial disclosure Financial reporting Financial statements Going concerns Liquidation Provisions |
| title | An Analysis of the FASB's New Going-Concern Standard and Its Relation to Liquidation Basis Accounting Requirements |
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