PPT-Liabilities

10 Learning Objectives Explain how to account for current liabilities Describe the major characteristics of bonds Explain how to account for bond transactions 3 Explain how to account for longterm notes payable. Understanding Balance Sheets. Presenter’s name. Presenter’s title. dd. Month . yyyy. Overview. Balance sheet elements . and format. Accounting issues. Current and noncurrent assets and liabilities. Chapter Thirteen. Copyright © 2014 by The McGraw-Hill Companies, Inc. All rights reserved.. McGraw-Hill/Irwin. Explain the purpose and the key items on the balance sheet.. Explain and complete vertical and horizontal analysis.. LIABILITY MANAGEMENT . LTD/GTE. Presentation. at the. Technical Workshop on Power Sector . Privatisation. WHO ARE WE?. Who are we ? . We are the Nigerian . Electricity Liability Management Limited/gte (NELMCO. Accounting, Fourth Edition. 10. Explain a current liability and identify the major types of current liabilities.. Describe the accounting for notes payable.. Explain the accounting for other current liabilities.. Deputy Director, Funding and Debt Management, NTMA. World Bank Sovereign Debt Management Forum. October 29-31 2012, Washington D.C.. Ireland’s National Treasury Management Agency. Managing a complex portfolio of public assets and liabilities. Stockholders’ Equity. CHAPTER 8. Learning Objectives. After studying this chapter, you should be able to:. Describe how businesses finance their operations. Describe and illustrate current liabilities, notes payable, taxes, contingencies, and payroll. 2.02. Elements of a Financial Statement (Net . Worth Statement. Total assets= current assets + non-current assets. Current- items quickly converted into cash or that will be sold within 12 months. Examples: cash, checking, savings, stocks, bonds, and cash in value of life insurance, money others owe you, current non-depreciable inventory . Chapter 9. Copyright © 2016 McGraw-Hill Education.  All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Wild, Shaw, and . Chiappetta. Financial & Managerial Accounting. Understand . the importance of non-financial and current liabilities from a business perspective.. Define . liabilities, distinguish financial liabilities from other liabilities, and identify how . they . Determinable (certain) current liabilities. Operating line of credit and bank overdraft. Short-term notes payable. Sales and property taxes. Current maturities of long-term debt. Uncertain liabilities. CHAPTER 13: Non-Financial and Current Liabilities. After studying this chapter, you should be able to:. Understand the importance of non-financial and current liabilities from a business perspective.. 3. 4. GASB – policy setting org that sets GAAP for state & local . govt. June 2012 – GASB imposed reforms to take effect in 2014. . Require all pension and OPEBs to be reported fully on F/S. . Copyright 2014-2015 AICPA Unauthorized copying prohibited. Fraud Involving the Understatement of Liabilities. The factors that make frauds difficult to detect are things such as. Collusion by outsiders, such as bank executives. Arancibia. . –. . dda@dipres.cl. Head of Contingent Liabilities and PPPs. Ministry of Finance - Chile. Issues to cover . Legal . framework. Project selection. Fiscal support. Financial regulations.