Business Restructuring in Light of the Going Concern Principle. Research insight in the Selected Enterprises

Angelika Kaczmarczyk


The going concern assumption is the fundamental principle of financial reporting. Its adoption determines the method of valuation and presentation of an entity’s assets and liabilities. The commencement of bankruptcy proceedings involves the inability to continue as a going concern, whereas opening restructuring proceedings does not. Restructuring proceedings are divided into four types of proceedings: arrangement approval proceedings, accelerated arrangement proceedings, arrangement proceedings, and remedial proceedings. Remedial proceedings are addressed to debtors in the most difficult financial situation and are characterised by the lowest effectiveness. This provides grounds for the question whether remedial proceedings constitute a premise for the declaration of the inability to continue as a going concern. In remedial proceedings, the court revokes the debtor’s administration and hence it is unable to declare that it will continue its operations without a material change of their scope. Its influence on the situation of the enterprise is limited. The paper proves that restructuring proceedings should not be treated alike. The conclusions have been drawn on the example of enterprises operating in Poland and Polish regulations
Author Angelika Kaczmarczyk (MISaF / IR / KTRiAF)
Angelika Kaczmarczyk,,
- Katedra Teorii Rachunkowości i Analizy Finansowej
Journal seriesTransformations in Business & Economics, ISSN 1648-4460, (A 20 pkt)
Issue year2018
Publication size in sheets0.7
Keywords in Englishbankruptcy, liquidation, going concern principle
ASJC Classification1406 Marketing; 3320 Political Science and International Relations; 2002 Economics and Econometrics; 3301 Social Sciences (miscellaneous); 1403 Business and International Management
Languageen angielski
Score (nominal)20
Score sourcejournalList
ScoreMinisterial score = 20.0, 27-11-2019, ArticleFromJournal
Publication indicators Scopus SNIP (Source Normalised Impact per Paper): 2018 = 0.415; WoS Impact Factor: 2017 = 1.112 (2) - 2017=0.74 (5)
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* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.