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Going-Concern Principle

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PPGPortal > Home > Concept Dictionary > F, G, H > Going-Concern Principle
 

Going-Concern Principle

GAAP principle that involves assuming that the numbers reported on an audited financial statement are those of an organization that will continue in business for the foreseeable future.

(Graham, Andrew. 2007. Canadian Public-Sector Financial Management. Kingston, ON: School of Policy Studies, Queen’s University; Montreal: McGill-Queen’s University Press.)

     

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