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This analysis questions the validity of the going concern assumption in accounting.

The Going Concern: An Examination.

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Analysis critiques the necessity of the going concern assumption, highlighting implications for asset valuation.

This analysis questions the validity of the going concern assumption in accounting.
Examines historical perspectives on the going concern concept.
Critiques the non-liquidation and it-doesn't-make-any-difference arguments.
Suggests a reinterpretation towards a prediction-based approach.
Demonstrates the invalidity of the non-liquidation argument.
Establishes that the 'it-doesn't-make-any-difference' stance is only valid in a stable environment.
Proposes a shift towards a temporal valuation framework instead of a predictive one.

Robert R. Sterling (1968) studied this question.

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