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A going concern is an accounting term for a business that is assumed will meet its financial obligations when they become due. It functions without the threat of liquidation for the foreseeable future , which is usually regarded as at least the next 12 months or the specified accounting period (the longer of the two).
Some important elements that accounting standards cover include identifying the exact entity which is reporting, discussing any "going concern" questions, specifying monetary units, and reporting time frames. [1] In the public sector, 30% of 165 governments surveyed used accrual accounting, rather than cash accounting, in 2020. [2]
Go Out policy (Chinese: 走出去战略; pinyin: Zǒuchūqù Zhànlüè) or the Going Global Strategy [1]: 6 is the People's Republic of China's current strategy to encourage its enterprises to invest overseas. The policy was announced as a national strategy by Jiang Zemin in March 2000.
The Beijing Consensus (Chinese: 北京共识) or China Model (Chinese: 中国模式), also known as the Chinese Economic Model, [1] is the political and economic policies of the People's Republic of China (PRC) [2] that began to be instituted by Hua Guofeng and Deng Xiaoping after Mao Zedong's death in 1976. The policies are thought to have ...
Alibaba Group Holding (NYSE:BABA) and domestic rival stocks continued their rally since China announced stimulus plans to spur demand. Alibaba peers, including Baidu, Inc. (NASDAQ:BIDU), JD.com ...
The concept of materiality is applied by the auditor both in planning and performing the audit, and in evaluating the effect of identified misstatements on the audit and of uncorrected misstatements, if any, on the financial statements and in forming the opinion in the auditor’s report.
China’s stimulus package on September 24 restored over $3 trillion in market value to Chinese stocks in Hong Kong, Shanghai, Shenzhen, and New York, SCMP cites Bloomberg data. Alibaba stock ...
The U.S. government is weighing a prohibition on Chinese software in U.S. vehicles with Level 3 automation and above, banning the testing of autonomous vehicles produced by Chinese companies on U.S.