The Going Concern Assumption is an accounting principle that presumes a business will continue its operations into the foreseeable future, without the intention or necessity of liquidation. This assumption underpins the preparation of financial statements, ensuring assets and liabilities are recorded at their historical cost. Understanding “what is going concern assumption” is crucial for accurate financial reporting and analysis.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
