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Just like you never want to hear a doctor say "oops" in the operating room, you never want to see a going-concern statement
in a financial report about a company you own. Accountants throw these in when they've been over the books, talked to customers,
and checked the horoscopes and have concluded there is "substantial doubt" about a company's ability to remain in business.
In short, don't blame the accountants if the company files for bankruptcy protection.
You¿d reckon that a going-concern
statement would be enough to send investors running to the exits, but it's not. True, many large institutions automatically
bail when an existing company gets slapped with one of these, but many individuals (often wrongly) take a chance they know
more than the bean counters.
During the tech boom of the late 1990s, many companies actually went public even though they had been hit with going-concern statements. Many of those companies subsequently disappeared. Enough said.
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Monday, July 07, 2008
National Discussion on Tourism Regarding El Salvador's Federal Plan for 2020
Comtex
SAN SALVADOR, El Salvador, July 7, 2008 /PRNewswire via COMTEX/ ----A national discussion was held July 1, 2008 that mapped out the way for adjusting the Federal Tourism Plan for 2014 and extending it into 2020, with a view toward analyzing the situation of the tourist sector in its new international context, reported El Salvador's Ministry of Tourism (MITUR).
Minister of Tourism Ruben Rochi chaired the event and highlighted the significance of the meeting in light of the fact that the new dynamics of the Tourism Project in El Salvador are demanding a stronger shift toward change on the part of businesses as behavior patterns of travelers -- both local and foreign -- are changing.
Within that context, aspects of the international economic situation differ from those present four years ago when the Federal Tourism Plan for 2014 was drafted -- such as high oil prices, the devaluation of the U.S. dollar versus the Euro, changes in tourist travel patterns and more. "This new reality, at home and abroad, brings the need to revise and update what the country has done thus far. For this reason, we consider this national discussion important for adjusting the Federal Tourism Plan for 2014 and extending its reach to 2020," said Rochi.
The Federal Tourism Plan for 2014 is one of the strongest pillars on which the sector rests because it sets the framework for developing and promoting El Salvador as a tourist destination. This plan also contains the Federal Tourism Strategy, which has become the guiding outline for tourist activities within El Salvador.
As the deciding agency in charge of the formulation of the nation's tourist policy, MITUR will also be responsible for the technical coordination of this process, which will take place through the integration of work groups broken down by subject and the development of workshops to deal with the Plan's components and organization.
SOURCE MITUR; CORSATUR
http://www.elsalvador.travel
Copyright (C) 2008 PR Newswire. All rights reserved
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