StudentShare solutions
Triangle menu

Global investment house ksc - Assignment Example

Nobody downloaded yet
The income statement on the other hand focuses on the period, usually 12 months within which the accounts were prepared. However, the information about what happened in the past years and the asset and liability position does not provide all the needs of all the users of the financial statements. There is the need for some further information and guidelines that provides hints to users of financial statements and other interested stakeholders. One of the main areas that is of great importance is a prediction of the survivability of the business into the foreseeable future. This is known in general as the “Going Concern” convention. In the International Financial Reporting Standards (IFRS), there is a standard that ensures that going concern is reported in the financial statement. IAS 1 requires that financial statements a disclose the Going Concern status of the entity in a given period. This provides a standardized basis for a universal approach to reporting going concern that can aid comparability on a year-by-year basis as well as a company-to-company basis. Research Problem Clearly, Going Concern reporting as stipulated by IAS 1 seeks to ensure that financial statements reflect the survivability of the entity the report is prepared about. ...
Aims and Objectives of Study The aim of the research is to undertake a critical review of the concept of Going Concern and how it is attained in Financial Reporting. In order to attain this end, the following objectives will be explored: 1. A critical review literature review of the Accounting concept of Going Concern; 2. An examination of the effectiveness of Going Concern reporting in businesses; 3. A practical evaluation of Going Concern reporting in a Kuwaiti entity 4. An analysis of a financial report of a Kuwaiti entity to ascertain the Going Concern reporting procedures. Going Concern Convention “The going concern postulate or continuity postulation, holds that business entity will continue its operations long enough to realize its projects, commitments and ongoing activities” (Riahi, 2010 p212). Going concern is therefore a convention which indicates that a business will continue to remain operational and pay its bills and remain liquid into the future. “Going concern is not only about the net book value of a firm's assets, but also such elements like goodwill and likely future profitability, assuming the existing management remain in control of the entity” (Brower and Brueschke, 2012). This means that going concern is evaluated and analyzed by the examination of the firm's assets as well as other indicators of continuous operations. Thus, it will involve the hard and soft elements of an entity including the assets and other intangibles like going concern which provides clues on how a firm will remain operational even if the company is assured of getting customers to remain liquid. Another angle through which a business' going concern can be evaluated is “...the amount of ...Show more
Cite this document
  • APA
  • MLA
(“Global investment house ksc Assignment Example | Topics and Well Written Essays - 5500 words”, n.d.)
Retrieved from
(Global Investment House Ksc Assignment Example | Topics and Well Written Essays - 5500 Words)
“Global Investment House Ksc Assignment Example | Topics and Well Written Essays - 5500 Words”, n.d.
  • Cited: 0 times


Background Going Concern is a major element for the preparation of financial statements. Basically, a financial statement provides information about the position and trading of a given period. However, in order to provide information in a comprehensive and understandable manner, a financial statement needs to give information about the preceding and future years of the entity in question…
Global investment house ksc
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the assignment on your topic
"Global investment house ksc"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Investment Portfolio
His earned income, including salary and bonuses, is $85,000 per year. He does receive a cost of living adjustment on an annual basis of 3.5%. His wife works part-time as a freelance photographer; however, her pay is considered supplemental income, as her workflow is not deemed steady enough to cover anything more than the car payments for their two teenage children, ages 17 and 16.
8 pages (2000 words) Assignment
Investment Plan
It also looks into the possible sources of finance that Rozana plc may use to finance the acquisition) 3. Net Present Value: It is a discounted cash flow method of investment appraisal. It uses the method of discounting future cash flows to its present values.
8 pages (2000 words) Assignment
Capital Investment
The Company is exploring the possibilities of expanding its operations in to the African country of Medco Republic. This country has until quite recently been inflicted by conflicts and regarded politically unstable. This report becomes necessary in view of the earlier political instability prevailed in the country.
7 pages (1750 words) Assignment
An investment opportunity from global warming
The author of the article provides some facts concerning global warming, namely, today "global warming" is an environmental issue whose scope has come to span the financial and economic spheres. Besides, "global warming" is a human-caused calamity, most believe it is but logical for people to take all necessary steps to prevent and take responsibility for it.
3 pages (750 words) Essay
Investment value
For the problem at hand, Grandma has $50,000 to invest for Kid’s college education. After some careful planning, she decided to invest her money in a Saving Bond which offers a fixed annual interest rate of .60%,
1 pages (250 words) Assignment
Investment Portfolio
This paper seeks to determine the aforesaid ratios using the portfolios of six companies namely Dell, Microsoft Corp, General Electric, Ford, UPS and Wal-Matt. In the first quarter Q1 of
2 pages (500 words) Assignment
Random house
The concept of the threat posed by substitute products is also manifested by the advent of e-books, where customers tend to switch to alternatives. Customers’ buying power is also seen in the book publishing industry when they are presented
2 pages (500 words) Assignment
Dream house
Very many real estate investors have established different kinds of houses for people to purchase, however, finding the best house goes beyond paying for the most expensive one, the particular
5 pages (1250 words) Assignment
Investment analysis
Sampling distribution including standard deviation, coefficient of variance and variance are used to determine the correlation between the initial outlay, expected returns and risk
5 pages (1250 words) Assignment
Global business investment
It has two components, a foreign currency and a domestic currency, and can be indirectly or directly quoted. Exchange rates play a crucial role in the level of trade of a country, which is vital to free market economy around the globe (Piggott &
10 pages (2500 words) Coursework
Comments (0)
Click to create a comment
Let us find you another Assignment on topic Global investment house ksc for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us