What question did this study set out to answer?

To explore the implications and validity of the going concern assumption in accounting, particularly for new small businesses.

The Going Concern Assumption: A Critical Appraisal.

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This analysis critiques the going concern assumption in accounting, highlighting its relevance and limitations for small businesses.

To explore the implications and validity of the going concern assumption in accounting, particularly for new small businesses.
Critical appraisal of the going concern concept's definitions and interpretations.
Comparison of theoretical implications with practical realities faced by new small businesses.
Analysis of existing literature on the going concern assumption.
The going concern assumption is often overly simplistic and may not apply to many new small businesses.
Interpretations of the going concern concept vary widely among practitioners and theorists.
Evidence is needed to substantiate the going concern assumption for any particular entity.

James M. Fremgen (1968) studied this question.

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