In accounting terms, a liability is an amount that you owe a creditor. Liabilities generally fall into two categories -- current and long-term. Current liabilities include debts you owe that you ...

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.

Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

At the heart of every business—whether a small startup or a multinational corporation, lies a simple but powerful language: ...

Learn what every business owner needs to know about financial accounting, accounting software and financial statements.

Discover how accounts payable function as short-term liabilities, not expenses, and learn how they impact a company's ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...