THE CHANGING ROLE OF GOING CONCERN ASSUMPTION SUPPORTING MANAGEMENT DECISIONS AFTER FINANCIAL CRISIS
Journal Title: Polish Journal of Management Studies - Year 2018, Vol 18, Issue 1
Abstract
The Going Concern Assumption (GCA) is one of the basic conditions to economic expansion and stability both national and companies level. In times of economic and financial crises, therefore, the emphasis of management decisions are shifting to corporate efficiency and effectiveness since the available internal corporate resources sources as well as the external ones are shrinking or becoming uncertain. The reason for the appreciation of the going concern assumption is that the actors of the national economy may suffer serious operational difficulties in case the principle is not properly implemented; whether it is coming from the side of banks, corporate or public services. The purpose of the study is threefold: on the one hand, to demonstrate the going concern assumption and its appreciation in the context of a literature review with special regard to international auditor standards and IFRS, (International Financial Reporting Standards) on the other hand to show the empirical results based on the questionnaire survey on large corporations of the Visegrad countries (Hungary, Poland, Slovakia and the Czech Republic) and the authors demonstrate the supporting functions of the going concern assumption in the controlling systems.<br/><br/>
Authors and Affiliations
Zoltán Zéman, Csaba Lentner
Keywords
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- EP ID EP428271
- DOI 10.17512/pjms.2018.18.1.32
- Views 53
- Downloads 0
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