Dirkjan: Created page with "Liabilities are the financial obligations a company owes to outside parties. Like Assets, they can be both current and long-term. Current Liabilities|Current Li..."

2020-08-25T08:10:22Z

Created page with "Liabilities are the financial obligations a company owes to outside parties. Like Assets, they can be both current and long-term. Current Liabilities|Current Li..."

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Liabilities are the financial obligations a company owes to outside parties. Like [[Assets|Assets]], they can be both current and long-term.

[[Current Liabilities|Current Liabilities]] are the company’s liabilities which will come due, or must be paid, within one year. This is includes both shorter term borrowings, such as accounts payables, along with the current portion of longer term borrowing, such as the latest interest payment on a 10-year loan:
# [[Accounts Payable|Accounts Payable]]
# Provisions for warranties or court decisions
# Financial liabilities (excluding provisions and accounts payable), such as promissory notes and corporate bonds
# Liabilities and assets for current tax
# Deferred tax liabilities and deferred tax assets
# Unearned revenue for services paid for by customers but not yet provided

[[Long-term Liabilities|Long-term Liabilities]] are debts and other non-debt financial obligations, which are due after a period of at least one year from the date of the balance sheet.
# Loans or [[Notes Payable|Notes Payable]]
# Issued Debt Securities, e.g. Notes/Bonds Payable
# Deferred Tax Liabilities
# Provisions, e.g. Pension Obligations
#Other Non-Current Liabilities, e.g. Lease Obligations

[[Category:mbi]]

[[Category:Balance Sheet]]

[[Category:Term]]

Liabilities - Revision history

Dirkjan: Created page with "Liabilities are the financial obligations a company owes to outside parties. Like Assets, they can be both current and long-term. Current Liabilities|Current Li..."