The assumption that, in the absence of evidence to the contrary, an entity is assumed to have an indefinite life ie it has not just started and is not about to end. Gosling Young goose.

One of the fundamental accounting concepts. It is assumed that a company will continue in operational existence for the foreseeable future.

an accounting concept that assumes a business has a continuing existence.

A company whose operation is expected to continue.

a commercial enterprise actively engaging in business with the expectation of indefinite continuance

A concept assuming the continuation of an entity long enough to experience the revenues generated by the assets suspended in the accounts.

Realisations may be higher where it is possible to sell a trading business, rather than ceasing to trade immediately and selling the assets on a 'break up' basis.

Going concern is a general accounting principle which applies to a business which is able to continue trading for the foreseeable future.

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.

A description of a company that is expected to continue its activities. Used e.g. as a basis for valuation of assets and liabilities.

Any enterprise that is expected to continue operating indefinitely in the future hints its collective assets, liabilities, revenues, operating costs, personnel policies and prospects. Basic axiom essential to the accounting and reporting of business transactions.

A well established business which appears to be trading satisfactorily (although an examination of its books and accounts may convey a different and more accurate image).

accounting concept that 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. Alternative would be a break up basis which sets values according to what the assets could be sold for immediately often much less than their value if they were kept in use.

an ongoing operating business enterprise.

An accounting principle dictating that in the absence of evidence to the contrary a business is assumed to have an indefinite life.

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 rights (except pensions) of those employed by the seller immediately prior to the transfer are preserved and become the responsibility of the buyer. Dismissal in connection with the transfer gives the employee a right to claim unfair/wrongful dismissal against the transferee. What a "going concern" is, is a matter of fact but transfer of goodwill is usually the key criterion. Prior to the transfer, there are obligations to consult with the appropriate representatives of the employees who may be affected.

Assumption that a business can remain in operation long enough for all of its current plans to be carried out.

A term for a company that has the resources needed in order to continue to operate. If a company is not a going concern, it means the company has gone bankrupt.

Assumes the company will continue as an operating business.

A business enterprise that is both conducting operations at a given date, and has every reasonable expectation of doing so for the foreseeable future after that date.

A going concern describes a business that functions without the intention or threat of liquidation for the foreseeable future, say at least within 12 months.