Essays Tagged: "Liability (financial accounting)"

Woolworths report details

This framework does not consider other characteristics of an asset though it may be called an asset.Liability recognition:Liability is defined in framework as "a present obligation of the entity arisi ... result in an outflow from the entity of resources embodying economic benefits". [2]As per framework liability can be recognised in the entities balance sheet when the resource used for generating econ ...

(4 pages) 55 0 2.0 Oct/2006

Subjects: Businesss Research Papers > Case Studies

Accounting - Income Statements, Balance Sheets

e month of March. The double-entry is: an increase in expense (income statement) and an increase in liability (balance sheet).Accounting assumptions and principles:Accounting entity - it is important ...

(4 pages) 94 0 3.7 Mar/2009

Subjects: Businesss Research Papers > Accounting

Balance Sheet and Income Statement Analysis of Five Publicly Trade Companies

926,224955,722557,723Other Liabilities861,814338,638443,585Deferred Long Term Liability Charges-132,732-Minority Interest---Negative Goodwill--- ... st one year - however, Short-Term Debt has increased in the same time period. Overall Total Current Liability has increased in the past 3 years from 560.0m on Dec 31st 2006 to 658.1m on Dec 31st 2008. ...

(18 pages) 3 0 0.0 Sep/2014

Subjects: Businesss Research Papers > Management