Asu 2014-15 Going Concern

In: Business and Management

Submitted By 153091154
Words 12619
Pages 51
No. 2014-15
August 2014

Presentation of Financial Statements—
Going Concern (Subtopic 205-40)

Disclosure of Uncertainties about an Entity’s Ability to
Continue as a Going Concern

An Amendment of the FASB Accounting Standards Codification®

The FASB Accounting Standards Codification® is the source of authoritative generally accepted accounting principles (GAAP) recognized by the FASB to be applied by nongovernmental entities. An Accounting Standards Update is not authoritative; rather, it is a document that communicates how the Accounting
Standards Codification is being amended. It also provides other information to help a user of GAAP understand how and why GAAP is changing and when the changes will be effective.

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