Importance The going concern assumption is one of the fundamental principles of accounting and financial reporting, which finally influences the valuation of assets recognized in the balance sheet. Analyzing the entity's ability to continue as a going concern is an attempt to foresee how corporate crisis may evolve. Objectives The main objective of the research is to formulate theoretical approaches to setting up going concern assessment methods, relying upon the genesis of the going concern assumption. Methods The theoretical framework comprises proceedings of economists on these issues. The empirical basis includes regulatory documents, official data of the Russian State Statistics Service, Russian Ministry of Finance, national business practices. I resorted to analysis, synthesis, comparison, hermeneutics, and phenomenology as general scientific methods of the research. Results I made an attempt to specify the methodology for forecasting the entity's ability to continue as a going concern. I enlist, formulate and provide a brief description of theoretical approaches, which imply variance of this assessment, considering the forecasting horizons and thoroughness. The research introduces the term evolutionary insolvency and defines it. I reconcile groups of concepts current - long-term and technical - evolutionary and determine their classification criteria. Conclusions and Relevance The proposed theoretical approaches will streamline the development or choice of a methodology that would be appropriate for the corporate business environment, including an extended set of tools. Semantics and my conclusions will be helpful for those specialists who design the going concern assessment methods, and for practitioners who apply the methods.
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