going concern value definition

going concern value

Value of a firm as an operating, normally functioning business to a buyer. It results from advantages such as a good reputation, trained workforce, established and successful procedures, tested systems, operational equipment, and necessary licenses and permits. This value is almost always more than the sum of the market (liquidation) value of the firm's assets. The excess value is recorded in accounting as the firm's goodwill.

going concern value is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

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