LLD100A Mission College Audit Firm Size and Going Concern Reporting Accuracy Essay

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LLD100A

Mission College

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LLD 100A JOURNAL 4 Fall 2019 Directions: 1. 2. 3. 4. 5. 6. 7. 8. Read the topic below carefully. Watch a video related to your major field of study (~5:00 minutes in length). Use the exercises from Guidelines chapter 2 to assist you in your writing. Format your essay using Times New Roman, 12 pt. font, double spaced, 1-inch margins. Essay should be a minimum of 500 words (about 2 pages, excluding reference page). Use APA format. Submit your journal through Turn-it-In on Canvas. Print out your essay and staple this prompt to the front and any worksheets that you used to the back and submit in class. Topic: In a well-organized and well-developed essay, introduce your video and the background information, such as the producer, director, main speaker(s), and intended discourse community. Discuss new information that you have learned about your field of study and what types of communication are required, such as types of journals or news articles commonly read and the most common forms of communicating with colleagues, customers, superiors, etc. Christopher W. Bankston, Ed.D.
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Explanation & Answer

Attached.

Going Concern-Outline
I.

Going Concern
A. Company obligations
B. Realization of assets
C. Value
D. Bankruptcy


Running head: GOING CONCERN

1

Going Concern
Name
Institution

GOING CONCERN

2
Going Concern

The video is from Lestsute accountancy and relates to the going concern principle in
accounting. The main speaker in the video is a teacher in accountancy who introduces the
different aspects of accounting giving a background that allows for the students that are the
audience to understand the principles of accounting. In the video, there is introduction of the
going concern principle as this allows for the focus on the fiscal period in the preparation of the
accounting statements. The concepts that are utilized in the case, includes the ...

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