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Thirty years ago dinner theatre used to be much more of a going concern than it is now.
Ted Shackelford

Meaning of "going concern" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF GOING CONCERN

going concern  [ˈɡəʊɪŋ kənˈsɜːn] play
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GRAMMATICAL CATEGORY OF GOING CONCERN

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Going concern is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES GOING CONCERN MEAN IN ENGLISH?

Going concern

A going concern is a business that functions without the threat of liquidation for the foreseeable future, usually regarded as at least within 12 months. It implies for the business the basic declaration of intention to keep running its activities at least for the next year, which is a basic assumption to prepare financial statements considering the conceptual framework of the IFRS. Hence, the declaration of going concern means that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations.

Definition of going concern in the English dictionary

The definition of going concern in the dictionary is if a company is a going concern, it is actually doing business, rather than having stopped trading or not yet having started trading.

WORDS THAT RHYME WITH GOING CONCERN


burn
bɜːn
CERN
sɜːn
concern
kənˈsɜːn
decern
dɪˈsɜːn
discern
dɪˈsɜːn
earn
ɜːn
gerne
ɡɜːn
intern
ɪnˈtɜːn
learn
lɜːn
lucerne
luːˈsɜːn
nonconcern
ˌnɒnkənˈsɜːn
overconcern
ˌəʊvəkənˈsɜːn
return
rɪˈtɜːn
Saturn
ˈsætɜːn
scerne
sɜːn
secern
sɪˈsɜːn
stern
stɜːn
Sterne
stɜːn
turn
tɜːn
unconcern
ˌʌnkənˈsɜːn

WORDS THAT BEGIN LIKE GOING CONCERN

gohonzon
Goidel
Goidelic
Goidhelic
going
going on
going-over
going, going, gone!
goings-on
goings-over
goitered
goitre
goitred
goitrogen
goitrogenic
goitrogenicity
goitrous

WORDS THAT END LIKE GOING CONCERN

Bayern
Bern
eastern
extern
fern
govern
kern
lantern
Middle Eastern
modern
northeastern
northern
northwestern
pattern
pern
southeastern
southern
southwestern
tavern
western

Synonyms and antonyms of going concern in the English dictionary of synonyms

SYNONYMS

Translation of «going concern» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF GOING CONCERN

Find out the translation of going concern to 25 languages with our English multilingual translator.
The translations of going concern from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «going concern» in English.

Translator English - Chinese

持续经营
1,325 millions of speakers

Translator English - Spanish

empresa en funcionamiento
570 millions of speakers

English

going concern
510 millions of speakers

Translator English - Hindi

चिंता का विषय रहा
380 millions of speakers
ar

Translator English - Arabic

الاستمرارية
280 millions of speakers

Translator English - Russian

непрерывности деятельности
278 millions of speakers

Translator English - Portuguese

continuidade das
270 millions of speakers

Translator English - Bengali

চলন্ত উদ্বেগ
260 millions of speakers

Translator English - French

continuité
220 millions of speakers

Translator English - Malay

Berterusan
190 millions of speakers

Translator English - German

Going-Concern-
180 millions of speakers

Translator English - Japanese

継続企業
130 millions of speakers

Translator English - Korean

관심 가는
85 millions of speakers

Translator English - Javanese

Arep kepikiran
85 millions of speakers
vi

Translator English - Vietnamese

sẽ quan tâm
80 millions of speakers

Translator English - Tamil

கவலை
75 millions of speakers

Translator English - Marathi

चालू चिंता
75 millions of speakers

Translator English - Turkish

Endişe ediyor
70 millions of speakers

Translator English - Italian

continuità
65 millions of speakers

Translator English - Polish

kontynuacji działalności
50 millions of speakers

Translator English - Ukrainian

безперервності діяльності
40 millions of speakers

Translator English - Romanian

continuității activității
30 millions of speakers
el

Translator English - Greek

δρώσα
15 millions of speakers
af

Translator English - Afrikaans

lopende saak
14 millions of speakers
sv

Translator English - Swedish

going concern
10 millions of speakers
no

Translator English - Norwegian

fortsatt drift
5 millions of speakers

Trends of use of going concern

TRENDS

TENDENCIES OF USE OF THE TERM «GOING CONCERN»

The term «going concern» is regularly used and occupies the 77.798 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
64
/100
The map shown above gives the frequency of use of the term «going concern» in the different countries.
Principal search tendencies and common uses of going concern
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «going concern».

FREQUENCY OF USE OF THE TERM «GOING CONCERN» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «going concern» during the past 500 years. Its implementation is based on analysing how often the term «going concern» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about going concern

EXAMPLES

QUOTES WITH «GOING CONCERN»

Famous quotes and sentences with the word going concern.
1
Ted Shackelford
Thirty years ago dinner theatre used to be much more of a going concern than it is now.

10 ENGLISH BOOKS RELATING TO «GOING CONCERN»

Discover the use of going concern in the following bibliographical selection. Books relating to going concern and brief extracts from same to provide context of its use in English literature.
1
A Going Concern
London, 1966: In the dilapidated workshop of Chapel and Sons--an ailing family business specializing in the manufacture of billiard tables--three generations conspire against each other for control of a firm which might yet be turned into a ...
Stephen Jeffreys, 1993
2
Auditing: A Business Risk Approach
The issue of what is a “going concern” may depend on the nature of the bankruptcy filing. A Chapter 11 filing is for reorganization of a business whereby the company is expected to emerge from the bankruptcy. On the other hand, a Chapter 7 ...
Larry Rittenberg, Karla Johnstone, Audrey Gramling, 2009
3
Wiley CPA Exam Review 2012, Auditing and Attestation
(b) The requirement is to determine the auditor's responsibility when s/he concludes that there is substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time. Answer (b) is correct because when the ...
O. Ray Whittington, Patrick R. Delaney, 2011
4
Financial Reporting and Analysis: Using Financial Accounting ...
Many of our present financial statement figures would be misleading if it were not for the going- concern assumption. For instance, under the going-concern assumption, the value of prepaid insurance is computed by spreading the cost of the ...
Charles Gibson, 2010
5
Wiley GAAP 2010: Interpretation and Application of Generally ...
(When such informative disclosures were not provided by management, the auditors were generally required to qualify their opinions due to lack of adequate disclosure, notwithstanding inclusion of “going concern” language in the auditors'  ...
Barry J. Epstein, Ralph Nach, Steven M. Bragg, 2009
6
Contemporary Auditing
AAS 16, Going Concern, deals with the auditor's responsibilities regarding the appropriateness of the going concern assumption in an audit of financial statements.2 In preparing the financial statements, the enterprise is usually assumed to be ...
Gupta, 2004
7
The Principles and Practice of Auditing
The going-concern assumption is a fundamental principle in the preparation of financial statements. The risk of significant misstatement arises when the going- concern assumption is considered appropriate, when in fact it is not, and the ...
G. Puttick, Sandy van Esch, Sandra Dawn Van Esch, 2008
8
Hospitality Financial Accounting
The going concern assumption assumes that the enterprise will continue in operation long enough to carry out its existing objectives. In spite of numerous business failures, companies have a fairly high continuance rate. It has proved useful to ...
Jerry J. Weygandt, 2005
9
Accounting Irregularities in Financial Statements: A ...
GOING CONCERN As one of the concepts adopted in FRS 18 of the ASB, the going-concern concept assumes that an organization will continue in existence for the foreseeable future. An organization should prepare its financial statements on ...
Benny K. B. Kwok, 2005
10
Wiley The Complete Guide to Auditing Standards, and Other ...
SOURCES OF STANDARDS SAS 59, The Auditor's Consideration of an Entity's Ability to Continue as a Going Concern SAS 64, Omnibus Statement on Auditing Standards—1990 SAS 77, Amendments to Statements on Auditing Standards No  ...
‎2009

10 NEWS ITEMS WHICH INCLUDE THE TERM «GOING CONCERN»

Find out what the national and international press are talking about and how the term going concern is used in the context of the following news items.
1
Macmahon Holdings appoints CFO Sybrandt van Dyk as chief …
A Ferrier Hodgson spokeswoman said after two serious bidders in the running to take over HHA as a going concern dropped out, a third party ... «The Australian Financial Review, Jul 15»
2
BRIEF-Max Petroleum says AGR Energy to invest $13.8 mln in co
Further significant financing will be required in mid and longer term to reestablish going concern status and viability of business. * Loan is ... «Reuters UK, Jul 15»
3
Titagarh Wagons buys Firema Trasporti
The acquisition of the business from the administrator as a going concern was made through the Titagarh Firema Adler subsidiary registered in ... «Railway Gazette International, Jul 15»
4
Campaigners angry after 'last pub' in North Town looks set to be …
“There is nothing to suggest they have done this or seriously tried to market the pub as a going concern. “I was also amazed the ACV decision ... «gethampshire.co.uk, Jul 15»
5
ROMANIAN COURT UPHOLDS INJUNCTION AGAINST ZTE …
... the future success of Infomedia and our ability to receive value from its stock; our ability to continue as a going concern; our liquidity and other ... «MarketWatch, Jul 15»
6
Anchor Yeast collapses, cheap imports blamed
The proposed alienation also entails sale of business as a going concern including its goodwill, capital assets excluding liabilities incurred up ... «New Zimbabwe.com, Jul 15»
7
Tethys soars as Nostrum aims to gazump AGR Energy
... an injection of capital at some point in the next twelve months there would be significant doubt about its ability to remain a going concern. «Proactive Investors UK, Jul 15»
8
What Is The Buzz Surrounding Nano Labs Corp (OTCMKTS:CTLE)?
The financial statements are prepared considering that Nano Labs will continue to work as a going concern and, therefore do not cover ... «Journal Transcript, Jul 15»
9
3 Ways Great Firms Excel on Industry LeadershipOliver McGee, PhD …
... are held in trust for the reigning monarch, which is a "great firm" of tradition, reputation and trust, serving as a going concern since 1066. «LinkedIn, Jul 15»
10
History revisited as new £2.64m hotel opens in Tavistock - creating …
... and owned by Helena King, who invested £1 million in the Grade II listed building before putting it on the market in 2013 as a going concern. «Western Morning News, Jul 15»

REFERENCE
« EDUCALINGO. Going concern [online]. Available <https://educalingo.com/en/dic-en/going-concern>. Apr 2024 ».
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