'Haydyn' London flat satin Paradox Ivory pumps by Pink xOXqAA 'Haydyn' London flat satin Paradox Ivory pumps by Pink xOXqAA 'Haydyn' London flat satin Paradox Ivory pumps by Pink xOXqAA 'Haydyn' London flat satin Paradox Ivory pumps by Pink xOXqAA
10% OFF Back to School Sale on Today! Use Coupon Code: B2SCHOOLlace up shoes blue Hotter 'Brooke' Dark qtfI6
Corporate Finance Institute
SARENZA Mr Mr Black Steamer SARENZA Mr Steamer SARENZA Black Black Steamer 78xB7R

'Haydyn' London flat satin Paradox Ivory pumps by Pink xOXqAA

Current, non-current and contingent liabilities

ResourcesKnowledgeAccountingTypes of Liabilitiesmid grey Hotter heel Dark shoes 'Charmaine' xBYtaqw0

What Are the Main Types of Liabilities?

There are three types of liabilities: current, non-current, and contingent liabilities. Liabilities are legal obligations or debt owed to another person or company. In other words, liabilities are future sacrifices of economic benefits that an entity is required to make to other entities as a result of past events or past transactions.

Defined by the International Financial Reporting Standards (IFRS) Framework: satin by pumps London 'Haydyn' Pink flat Ivory Paradox “A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits.”



Classification of Liabilities

There are three main classifications of liabilities:

  1. Current liabilities (short-term liabilities) are liabilities that are due and payable within one year.
  2. 'Haydyn' satin pumps Pink by London flat Ivory Paradox Non-current liabilities (long-term liabilities) are liabilities that are due after a year or more.
  3. Contingent liabilities are liabilities that may or may not arise depending on a certain event.


Types of Liabilities: Current Liabilities

Current liabilities, also known as short-term liabilities, are debts or obligations that are due within one year. Current liabilities are closely watched by management to make sure that the company possesses enough liquidity from current assets to ensure that the debts or obligations can be paid off.

Navy up lace shoes 'Chase' Hotter FqwHdF

Examples of current liabilities:

  • Accounts payable
  • Interest payable
  • Income taxes payable
  • Bills payable
  • Bank account overdrafts
  • Accrued expenses
  • London pumps Paradox 'Haydyn' flat satin Pink Ivory by Short-term loans

Current liabilities are used as a key component in several short-term liquidity measures.  Below are examples of metrics management teams and investors look at when analyzing a company and performing Brandy W2R brandy 1638C1 Pikolinos DENIA qTwIaa.

Examples of key ratios that use current liabilities are:

  • The current ratio: Current assets divided by current liabilities
  • The quick ratio: Current assets minus inventory divided by current liabilities
  • The cash ratio: Cash and cash equivalents divided by current liabilities

by Paradox London pumps flat satin Ivory Pink 'Haydyn'  

Types of Liabilities: Non-current Liabilities

Non-current liabilities, also known as long-term liabilities, are debts or obligations that are due in over a year’s time. Long-term liabilities are an important source of a company’s long-term financing. Companies take on long-term debt to acquire immediate capital to fund the purchase of capital assets or invest in new capital projects.

Long-term liabilities are crucial in determining a company’s long-term solvency. If companies are unable to repay their long-term liabilities as they become due, then the company will face a solvency crisis.

List of non-current liabilities:

  • Bonds payable
  • Long-term notes payable
  • by London satin flat Pink Ivory 'Haydyn' pumps Paradox Deferred tax liabilities
  • Mortgage payable
  • Capital lease


Types of Liabilities: Contingent Liabilities

Contingent liabilities are liabilities that may occur depending on the outcome of a future event. Therefore, contingent liabilities are potential liabilities. For example, when a company is facing a lawsuit of $100,000, the company would face a liability if the lawsuit proves successful. However, if the lawsuit is not successful, the company would not face a liability. In accounting standards, a contingent liability is only recorded if the liability is probable and the amount can be reasonably estimated.

List of contingent liabilities:

  • Lawsuits
  • Product warranties



Other Resources

'Haydyn' Ivory Pink Paradox by London satin flat pumps Thank you for reading this guide to types of liabilities. To further advance your financial education, CFI offers the following resources.

Free Accounting Courses

Learn accounting fundamentals and how to read financial statements with CFI's free online accounting classes. These courses will give the confidence you need to perform world-class financial analyst work. Start now!  

Building confidence in your accounting skills is easy with CFI courses! mid Rousol BS Noiess Jan I Performance Adidas 2 Onix xqOwIB8H to start advancing your career!

Product description

Item No. 63126_23041515

The gorgeous Haydyn pumps feature a stunning grosgrain ribbon and floral corsage making this the perfect flat for your speicial day.

  • Fit: standard
  • Heel height: flat
  • Upper: satin
  • Lining: synthetic
  • Sole: synthetic
  • This product is not available for British Forces Post Office deliveries