Page 214 - CFF
P. 214
Premises of value
• Going concern — Assumes a firm will
continue to operate as a business
enterprise
• Orderly liquidation — Assumes a firm
will no longer operate and will maximize
net proceeds from selling off assets
• Forced liquidation — Assumes a firm will
no longer operate and assets must be
sold quickly, even if net proceeds are
not maximized
6 © 2019 Association of International Certified Professional Accountants. All rights reserved.
