Topic:
In 1974 it was suggested that a model developed to predict bankruptcy may also be used to help the auditor judge a company's ability to continue as a going concern (Altman & McGough 1974)*. Since then many more models/techniques have been developed to predict going concern difficulties.
You are required to conduct research using scholarly journal articles accessed through the Swinburne library databases to develop a descriptive annotated bibliography detailing the various techniques/models used to gauge a company's ability to continue as a going concern.
Altman, E.I. and T.P. McGough, 1974, Evaluation of a company as a going concern, Journal of Accountancy 138, 50-57.
Assignment Purpose:
The purpose of this assignment is:
- to demonstrate capability in academic research; and
- to demonstrate an understanding of going-concern.