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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 ...
