Search results
Results from the Tech24 Deals Content Network
In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver in the future to satisfy a present obligation arising from past events. [ 1] The value delivered to settle a liability may be in the form of assets transferred or services performed.
Liabilities are what your company owes to others, whether that’s an investor or a bank that issued a loan. Equity is everything left when you subtract liabilities from assets, and it represents ...
Legal liability. In law, liable means "responsible or answerable in law; legally obligated". [ 1] Legal liability concerns both civil law and criminal law and can arise from various areas of law, such as contracts, torts, taxes, or fines given by government agencies. The claimant is the one who seeks to establish, or prove, liability.
In accounting, contingent liabilities are liabilities that may be incurred by an entity depending on the outcome of an uncertain future event [ 1] such as the outcome of a pending lawsuit. These liabilities are not recorded in a company's accounts and shown in the balance sheet when both probable and reasonably estimable as 'contingency' or ...
Investment Risk: Investment risk is relevant to ALM since it is a collection of other types of risk impacting the expected value of the assets and liabilities held by the firm. There is volatility ...
Accrued liabilities are liabilities that reflect expenses that have not yet been paid or logged under accounts payable during an accounting period; in other words, a company's obligation to pay for goods and services that have been provided for which invoices have not yet been received. [ 1] Examples would include accrued wages payable, accrued ...
Accounting. Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. [ 1][better source needed] The normal operation period is the amount of time it takes for a company to turn inventory into cash. [ 2] On a classified balance sheet, liabilities are separated ...
In accounting, current liabilities are often understood as all liabilities of the business that are to be settled in cash within the fiscal year or the operating cycle of a given firm, whichever period is longer. A more complete definition is that current liabilities are obligations that will be settled by current assets or by the creation of ...