Sears Holdings Corp. Message Board

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Non-Tech : Sears Holdings Corp.

SHLD 31.37

0.0%

Oct 12 5:00 PM EST

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To: Glenn Petersen who wrote (915)	3/22/2017 12:06:38 AM
From: Sr K	Read Replies (1) of 951

Bloomberg LP and the writers are overstating how the "substantial doubt" and "going concern" wording got to be included in the Form 10-K. It's described on page 74: [color added] Presentation of Financial Statements - Going Concern In August 2014, the FASB issued an accounting standards update which requires management to assess whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. If substantial doubt exists, additional disclosures are required. This update was effective for the Company's annual period ended January 28, 2017. The Company's assessment of our ability to continue as a going concern is further discussed in the "Uses and Sources of Liquidity" paragraph above. The adoption of the new standard did not have a material impact on the Company’s consolidated financial position, results of operations, cash flows or disclosures. - The "substantial doubt" wording appears 6 times in the filing (on pages 48, 66, and 74), twice each in a paragraph on each of those pages, and 2 of those paragraphs are identical. The one year timeframe is in the FASB Standard.

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