Going concern

As per accounting Standard 1 - Disclosure of Accounting Policies

Certain fundamental accounting assumptions underlie the preparation

and presentation of financial statements. They are usually not specifically

stated because their acceptance and use are assumed.Disclosure is necessary

if they are not followed.

Going Concern is one of the fundamental Accounting policies which is assumend in preparation of financial statement. Therefore no need of prooving it. If it is not followed then disclosure is necessary.

I mean to say that what  part do the directors analyse so that they assume going concern exists..

right now only few example is coming in my mind:

they should be assured that Fixed Assets are shown at their book value/cost less depreciaion/cost less depreciation less impairment loss rather than at it realisable value.

similar is the case for long term investments.

Proper provisions should be created to meet any future contingencies,etc

The Company can take classification into capital & revenue.