The concept of “going concern” in accounting emphasizes that a business must persist into the future to retain its value. This principle signifies that present value already incorporates expectations of future value; thus, a business facing uncertainty about its future will inevitably diminish in present value. It highlights the interconnectedness of present and future values, suggesting that they cannot be regarded in isolation. All stocks traded on the stock market are priced based on their anticipated future value. In essence, we trade on a future that has yet to materialize. Consequently, determining how far into the future to evaluate is a critical factor in making investment decisions. Since individuals have varying skills and perspectives on forecasting the future, selecting an investment strategy must align with one’s attitude toward time. - Joseph’s “just my thoughts”
Growth and development stem not from accumulating achievements but from various forms of “exchange.” This means that they arise from the value I contribute in relation to the value of something else. This idea applies universally across all communities where people gather, whether in families, companies, or churches, and this exchange can be understood as “sacrifice.” Often, we sacrifice some internal members for the benefit of the group or employees for the satisfaction of external customers. The nature and reasons behind the sacrifice determine the organization’s morality, while the intentions and outcomes of the sacrifice demonstrate its ethical standing. Thus, the phrase “good influence” poses social risks; this is because a sacrificial mechanism exists in our world, allowing for value exchanges that may not necessarily be positive. - Joseph’s “just my thoughts”