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


[[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]]
# 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]] 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]]
# Issued Debt Securities, e.g. Notes/Bonds Payable
# Deferred Tax Liabilities
# Provisions, e.g. Pension Obligations
#Other Non-Current Liabilities, e.g. Lease Obligations 
bag
mbi_public
created
Sun, 06 Feb 2011 19:51:53 GMT
creator
dirkjan
modified
Sun, 06 Feb 2011 19:51:53 GMT
modifier
dirkjan
tags
Balance Sheet
Term
creator
dirkjan