Mastery card
I can explain Going Concern
Assuming the business will keep running long enough to use its assets normally.
Going concern is the assumption that an entity will continue operating for the foreseeable future and is not forced to liquidate or curtail operations materially.
Sticky trick
Going concern = 'we expect to stay open.' Auditors flag when that assumption looks shaky.
Take into the room
In plain English, what is Going Concern?
Or open the share card 🏗️
Or start your own 5-word trail from home.