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A “Going Concern” and the Need to Fully Integrate Economics in the Business School Curriculum
Samuel E. Enajero
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DOI:10.17265/1548-6583/2024.01.002
University of Maryland Global Campus, Adelphi, USA
In response to the recommendation by the American Assembly of Collegiate Schools of Business (AACSB, 2002), which urged business schools to embark on interdisciplinary programs to facilitate boundary-spanning teaching and learning, many colleges have conducted one form of curriculum integration or the other. Many of these team-taught course integrations, however, concentrate on core business courses without reaching out to related courses in other disciplines. Moreover, due to some factors, the informational contents of management disclosures in annual reports and audit unqualified opinions may not align with the future viability of an enterprise. Using a “going concern concept”, this paper demonstrates how the addition of economics in business school curriculum integration could produce well-rounded business graduates. Economics concepts could unambiguously support the tests that cast doubts on firms’ ability to continue operations.
audit opinion, bankruptcy, financial condition, going concern, shutdown point
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