NAME: Jane L.

Galicia DATE: December 9, 2020

PROFESSOR: Elaine Joy G. Claudel SECTION: Accy3

"Going Concern"
Intermediate Accounting 3 Reflection Paper

           The Financial Statements topic offer various learnings but I am going to reflect
specifically on the going concern, a general feature in the preparation of such
statements. This is also known as continuity assumption. Going concern means that the
accounting entity is viewed as continuing in operation indefinitely. 
COVID-19 pandemic made us face various difficulties; from financial aspect, to
health problems and even academic difficulties. Personally, it is undeniably difficult for
me to cope-up with the situation. Driven by many factors like pressure of getting things
done to pass all the requirements on time, the internet connection that makes me feel a
double amount of anxiousness when taking exams online and the unhealthy learning
environment that we have at home. 
However, this going concern principle inspired me to still continue as I cannot
find any sufficient reason to stop. These difficulties, problems and breakdowns that I am
experiencing are evidences that I still have eagerness to reach my dreams because
these things won’t confront me if I had already stop fighting. So in the absence of
evidence to prove that I am unable to reach my goals, I would continue to work hard
and grow for the foreseeable future.