a going concern

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a going concern

A business, enterprise, or activity that has done well thus far and is expected to continue making a profit. The odds weren't great setting up another café in town, but it has since become a going concern.
See also: concern, going

a ˌgoing conˈcern

a business or an activity that is making a profit and is expected to continue to do well: He sold the cafe as a going concern.
See also: concern, going
References in classic literature ?
The only adequate way to arrive at the value of the telephone is to consider the nation as a whole, to take it all in all as a going concern, and to note that such a nation would be absolutely impossible without its telephone service.
Nope; never pays to split up a going concern There's too much competition in the world anyway, and Disko says 'blood-kin hev to stick together.
Even if we are able to define a clinical path forward, our ability to continue as a going concern will depend on our ability to obtain additional equity or debt financing, attain further operating efficiencies, reduce or contain expenditures, and, ultimately, to generate revenue.
The extension was requested due to the airlines financial challenges and the companys external auditors concerns regarding its going concern and liquidity position.
With its issuance of Accounting Standards Update (ASU) 2014-15, Presentation of Financial Statements--Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern, FASB has altered the focus of the going concern assessment from the auditor to management.
367(d) temporary regulations for the transfer of foreign goodwill and going concern value.
ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for companies and their directors for quality reporting of financial statements regarding matters affecting going concern ability of a company.
2014-15, Presentation of Financial Statements--Going Concern (Subtopic 205-40): Disclosure of Uncertainties About an Entity's Ability to Continue as a Going Concern, officially codifies management's going-concern responsibilities into GAAP The standard establishes management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and whether to provide related disclosures.
2014-15, Presentation of Financial Statements--Going Concern 1Subtopic 205-401: Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern.
This financial upheaval stoked an ongoing conversation about who is really responsible for assessing and reporting about a company's ability to continue as a going concern.
27 June 2013 - US financial accounting and reporting standards-setter The Financial Accounting Standards Board said it has issued a proposal intended to improve disclosures of uncertainties related to an organisation's ability to continue as a going concern.
Any indication of doubt regarding the entity's ability to continue as a going concern is certain to grab the attention of investors, creditors, and other users of the entity's financial statements.
Auditors have been accused of failing to flag going concern doubts - and the lack of going concern warnings for banks that got into trouble in the 2007-2009 global credit crisis has triggered calls for the original proposals to be revisited.
FOR APPRAISERS, BOTH INDIVIDUALLY AND COLLECTIVELY, the issue of how to handle going concern value has been a recurring challenge in their professional lives.
The former is called liquidation value and the latter is called going concern value.