Going Concern

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..... rnative. In making such assessment, they should consider all material uncertainties related to events or conditions that may cast significant doubt upon the entity s ability to continue as a going concern, the entity shall disclose those uncertainties. When an entity does not prepare financial statements on a going concern basis, it shall disclose- fact that entity does not have going .....

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..... case. When an entity has a history of profitable operations and ready access to financial resources, the entity may reach a conclusion that the going concern basis of accounting is appropriate without detailed analysis. In other cases, management may need to consider a wide range of factors relating to current and expected profitability, debt repayment schedules and potential sources of replaceme .....

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