The Ongoing Concern Over Going ConcernThe Ongoing Concern Over Going Concern
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Downloadable Video, 2015
Current format, Downloadable Video, 2015, , Available.
Downloadable Video, 2015
Current format, Downloadable Video, 2015, , Available. Offered in 0 more formats
Course Overview It is management's job to explain a company's financial position to investors. But regulators and standard setters seem to have little faith in the ability of executives to be candid when the business is in danger of "going under." Loscalzo Associates' John Fleming and Bruce Pounder update us on management's responsibility in assessing an entity's ability to continue as a going concern. Learning Objectives: Upon successful completion of this segment, you should be able to: explain the going-concern assumption; define "foreseeable future" for going-concern purposes; distinguish between IFRS and GAAP in terms of management's responsibility for going concern; identify the objectives of FASB's project on risks and uncertainties.
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