GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:30 Apr 13, 2007 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Annual accounts / report | |||||||
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| Selected response from: DCypher (X) Local time: 06:16 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 +3 | going concern |
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5 +2 | ongoing management |
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3 | continuity |
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going concern Explanation: Accounting jargon meaning it is actively engaged in business on a continuous basis for the foreseeable future - i.e., not dormant, in the process of liquidation, run off.... On www.iasplus.com you should find a list of the key "accounting principles" comparability, accruals, timing, etc. -------------------------------------------------- Note added at 7 mins (2007-04-13 16:38:10 GMT) -------------------------------------------------- "IAS Plus International Accounting Standards IAS 1, Presentation of ... An entity preparing IFRS financial statements is presumed to be a **going concern**. If management has significant concerns about the entity's ability to ... www.iasplus.com/standard/ias01.htm" |
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Grading comment
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