tailieunhanh - Lecture Financial accounting (8/e): Chapter 9 - Robert Libby, Patricia A. Libby, Daniel G. Short

Chapter 9 - Reporting and interpreting liabilities. After studying this chapter, you should be able to: Define, measure, and report current liabilities; use the quick ratio; analyze the accounts payable turnover ratio; report notes payable and explain the time value of money; report contingent liabilities; explain the importance of working capital and its impact on cash flows; report long-term liabilities; compute present values; apply present value concepts to liabilities. | Chapter 9 Reporting and interpreting Liabilities McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 9: Reporting and Interpreting Liabilities Liabilities Defined and Classified Defined as probable debts or obligations of the entity that result from past transactions, which will be paid with assets or services. Maturity = 1 year or less Maturity > 1 year Current Liabilities Noncurrent Liabilities Liabilities are probable debts or obligations that result from past transactions, which will be paid with assets or services. Current liabilities are short-term obligations that will be paid within the current operating cycle or within one year of the balance sheet date, whichever is longer. Noncurrent liabilities include all other liabilities. Liquidity Liquidity is the ability to pay current obligations. Working Capital Current Assets – Current Liabilities Working capital is a margin of safety that ensures a company can meet its short-term obligations. Liquidity is the ability to pay current obligations. A number of financial measures are useful in determining liquidity, including the current ratio (discussed in chapter 2) and the dollar amount of working capital. Working capital is defined as current assets minus current liabilities and is a margin of safety that ensures a company can meet its short-term obligations. Working capital management involves a delicate balance. On one hand, working capital provides liquidity and a margin of safety. On the other hand, excess money tied up in a checking account or inventory is not productive because it does not generate profits. Current Liabilities Here is a summary of some common current liabilities. Accounts payable, also known as trade accounts payable, are obligations to pay for goods and services used in the basic operating activities of the business. Accrued liabilities, also known as accrued expenses, are obligations related to expenses that have been incurred but have not . | Chapter 9 Reporting and interpreting Liabilities McGraw-Hill/Irwin Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 9: Reporting and Interpreting Liabilities Liabilities Defined and Classified Defined as probable debts or obligations of the entity that result from past transactions, which will be paid with assets or services. Maturity = 1 year or less Maturity > 1 year Current Liabilities Noncurrent Liabilities Liabilities are probable debts or obligations that result from past transactions, which will be paid with assets or services. Current liabilities are short-term obligations that will be paid within the current operating cycle or within one year of the balance sheet date, whichever is longer. Noncurrent liabilities include all other liabilities. Liquidity Liquidity is the ability to pay current obligations. Working Capital Current Assets – Current Liabilities Working capital is a margin of safety that ensures a company can meet its short-term .

• Kế toán - Kiểm toán
• Interpreting liabilities
• Current liabilities
• Financial accounting
• Lecture Financial accounting
• Accounting system
• Current liabilities
• Interpreting bonds
• Interpreting owners’ equity
• Interpreting investments
• Analyzing financial statements
• Financial management principles
• Statement of cash flows
• Reporting and interpreting cost
• Interpreting bond securities
• Kế toán tài chính
• Fundamentals of financial accounting
• Measuring liabilities
• Long term liabilities
• Financial statements
• Balance sheet
• Interpreting financial statements
• Analyzing long term assets
• Analyzing current liabilities
• Analyzing equity
• Intermediate accounting
• Lecture Intermediate accounting
• Contingent assets
• Analysis of current liabilities
• Contingent liabilities
• Principles of financial accounting
• Accounting information
• Classifying liabilities
• Uncertainty in liabilities
• Lecture Accounting principles
• Accounting principles
• Payroll accounting
• The financial statement presentation
• Accrued liabilities
• Bonds payable
• Estimated liabilities
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Lecture International accounting
• International accounting
• Liabilities and payrol
• Current liabilities of known amount
• Accounting for payroll
• Disposition of property
• Intangible assets
• Lecture Accounting
• Accounting standards
• Owners’ equity
• Non current liabilities
• Issues in financial accounting
• Analyzing liabilities
• Financial reporting
• Lease liabilities
• Lecture Principles of financial accounting
• Bài giảng Nguyên lý kế toán tài chính
• Account for contingencies
• Account for estimated liabilities
• Notes Playable
• Payroll
• Long Term Obligations
• Employee Compensation