Accounting for not being as a going concern

Here are the steps to adjust the financial statements of a company that is not a going concern:

• Review the company's balance sheet: Assets that are expected to be recovered over a longer period of time, such as long-term investments or intangible assets, may need to be written down to their estimated realisable value.
• Assess liabilities: Liabilities that are expected to become due in the near future may need to be reclassified as current liabilities, since the company may not be able to meet these obligations if it continues to operate.
• Write off any unrecoverable assets: Any assets that are considered to be permanently impaired or that have no future value may need to be written off.
• Adjust the income statement: The company's income statement may need to be adjusted to reflect any changes in the value of its assets and liabilities.
• Disclose the going concern assumption: The financial statements should also include disclosure about the going concern assumption, explaining why it is no longer appropriate and the potential impact on the company's financial position.

Thank you for your detailed explanation. 

Goodwill needs to be written off as per your point 3.

Is it Correct?