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”
Religion generates “power” through its architectural design. This spatial design instills power independent of external influences. In churches, pews confine movement, making the congregation face the priest in the pulpit. “Power” emerges when many individuals focus their attention on a single entity. Limiting church services due to the COVID-19 crisis is more than just a financial setback for the Church; it indicates a significant shift in religious authority. Islam addressed spatial concerns not by modifying architecture but by ensuring prayers are directed appropriately at scheduled times. Regulations also contribute to the establishment of power. - Joseph’s “just my thoughts”