7 ms·

Apparently "going concern" is a common term that laymen understand. It is not jargon.

by iplaw 10y ago

jsolson 10y ago
It's... an extremely common accounting term? First day of Accounting 1 or so? It's common enough that it's been used as the title for a pop animated sitcom episode -- Archer (S2E2).
- Dylan16807 10y ago
  It never came up in the accounting class I took. I've never seen it and I probably read more about stocks than most people.
teh_klev 10y ago
The term "going concern" is fairly standard terminology in the accounting world. I'm quite amazed more people haven't come across this term. It's certainly used heavily in the UK when discussing whether or not a business is able to function or not. For example, "we bought the business as a going concern" would be its use in a typical sentence.
- cat199 10y ago
  ... USian here who has lived in the UK - My gut feeling is that these days the phrase is used more commonly in the vernacular in the UK than the US, with US usage being much more restricted to the pure 'business' professions (e.g. managers, accountants, etc), and not so much elsewhere. Common day-to-day usage to express same would tend more towards more nebulous or incorrect terms as 'successful/profitable business' or perhaps 'liquid/insolvent', or something like that.
  - wccrawford 10y ago
    USian here, born and raised. It's definitely "business speak", but I'm surprised anyone with a job like programming doesn't know it. Prior to this, I would have assumed that basically anyone would know the phrase.
purple-again 10y ago
Every single Audit performed is required to attest to a companys ability to continue as a going concern. It's very common and well understood industry jargon. As common as 'boolean'.
purple-again 10y ago
Every single Audit performed is required to attest to a companys ability to continue as a going concern. It's very common and well understood industry jargon. As common as 'boolean'.
abalashov 10y ago
Well, god forbid a title on HN contain a bit of jargon or make use of a term that sees wider currency in the Commonwealth!

Apparently "going concern" is a common term that laymen understand. It is not jargon.

by iplaw 10y ago

Apparently "going concern" is a common term that laymen understand. It is not jargon.

It's... an extremely common accounting term? First day of Accounting 1 or so? It's common enough that it's been used as the title for a pop animated sitcom episode -- Archer (S2E2).

Dylan16807 10y ago
It never came up in the accounting class I took. I've never seen it and I probably read more about stocks than most people.

teh_klev 10y ago

The term "going concern" is fairly standard terminology in the accounting world. I'm quite amazed more people haven't come across this term. It's certainly used heavily in the UK when discussing whether or not a business is able to function or not. For example, "we bought the business as a going concern" would be its use in a typical sentence.

cat199 10y ago
... USian here who has lived in the UK - My gut feeling is that these days the phrase is used more commonly in the vernacular in the UK than the US, with US usage being much more restricted to the pure 'business' professions (e.g. managers, accountants, etc), and not so much elsewhere. Common day-to-day usage to express same would tend more towards more nebulous or incorrect terms as 'successful/profitable business' or perhaps 'liquid/insolvent', or something like that.
- wccrawford 10y ago
  USian here, born and raised. It's definitely "business speak", but I'm surprised anyone with a job like programming doesn't know it. Prior to this, I would have assumed that basically anyone would know the phrase.

purple-again 10y ago

Every single Audit performed is required to attest to a companys ability to continue as a going concern. It's very common and well understood industry jargon. As common as 'boolean'.

purple-again 10y ago

Every single Audit performed is required to attest to a companys ability to continue as a going concern. It's very common and well understood industry jargon. As common as 'boolean'.

abalashov 10y ago

Well, god forbid a title on HN contain a bit of jargon or make use of a term that sees wider currency in the Commonwealth!