The going concern concept is an accounting principle that assumes that a business will continue to operate in the future and will not be forced to liquidate or cease operations due to financial difficulties. In other words, the business is expected to remain in operation for the foreseeable future. This assumption enables companies to prepare their financial statements on the basis that the business will continue operating, without having to adjust the values of their assets and liabilities to reflect a potential forced sale or closure. Therefore, the going concern concept implies that the company's financial statements reflect the assumption that the business will continue to operate indefinitely.