Green gilt and Liabilities: Difference between pages
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'' | 1. ''Financial reporting''. | ||
In financial reporting, liabilities are amounts or obligations of a reporting entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, the provision of services or other yielding of economic benefits in the future. | |||
Examples include overdrafts, trade payables, accruals and provisions. | |||
Liabilities are represented in the balance sheet by credit balances. | |||
2. | |||
More generally, liabilities are any obligations or amounts owed to others (whether or not they are obligations of a financial reporting entity). | |||
== | == See also == | ||
*[ | * [[Accrual]] | ||
* [[Assets]] | |||
* [[Balance sheet]] | |||
* [[Capital]] | |||
* [[Compound instrument]] | |||
* [[Credit balance]] | |||
* [[Disaggregation]] | |||
* [[Equity]] | |||
* [[Exemption clause]] | |||
* [[Fair value]] | |||
* [[Financial liability]] | |||
* [[Financial reporting]] | |||
* [[Indemnity clause]] | |||
* [[Interest gap]] | |||
* [[Liabilities and equity]] | |||
* [[Mismatch]] | |||
* [[Net assets]] | |||
* [[Off balance sheet finance]] | |||
* [[Offset]] | |||
* [[Overdraft]] | |||
* [[Provision]] | |||
* [[Reporting entity]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 12:57, 4 August 2019
1. Financial reporting.
In financial reporting, liabilities are amounts or obligations of a reporting entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, the provision of services or other yielding of economic benefits in the future.
Examples include overdrafts, trade payables, accruals and provisions.
Liabilities are represented in the balance sheet by credit balances.
2.
More generally, liabilities are any obligations or amounts owed to others (whether or not they are obligations of a financial reporting entity).
See also
- Accrual
- Assets
- Balance sheet
- Capital
- Compound instrument
- Credit balance
- Disaggregation
- Equity
- Exemption clause
- Fair value
- Financial liability
- Financial reporting
- Indemnity clause
- Interest gap
- Liabilities and equity
- Mismatch
- Net assets
- Off balance sheet finance
- Offset
- Overdraft
- Provision
- Reporting entity
