Accounting Today

Balance sheet liabilities jumped after lease accounting change

The new lease accounting standard caused lease liabilities for the average company to increase a whopping 1,475 percent, skyrocketing from $4.4 million before the transition to $68.9 million post ...
Houston Chronicle

Differences Between a Current Liability and a Contingent Liability

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 ...
Houston Chronicle

What Are the Liabilities of a Corporation?

Many small businesses incorporate to shield their personal assets from any obligations or liabilities arising from their businesses' activities. Corporations, as distinctly separate legal entities ...
JournalofAccountancy

FASB proposals address modification accounting, liabilities, and equity

Financial statement preparers would receive specific guidance on when to apply modification accounting under a new FASB proposal. Proposed Accounting Standards Update, Compensation—Stock Compensation ...
Entrepreneur

What Are a Company’s Different Types of Assets and Liabilities?

Asset management is an integral part of accounting basics that deals with the monitoring and maintenance of valuable items owned by an individual or an entity. Assets contribute significantly to the ...
Accounting Today

FASB plans updates on contract assets and liabilities, credit losses

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 ...
Investopedia

Understanding FASB's Contingent Liability Rules Under GAAP

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston ...
The Motley Fool

What Are Current Liabilities?

Current liabilities include short-term financial obligations due within a year. Investors should monitor companies' current ratios to assess financial strength. A current ratio above 1 indicates a ...
Business Wire

Balance Sheet Liabilities Continue to Climb for Private Companies Amid Lease Accounting Transition – New LeaseQuery Report

Balance Sheet Liabilities Continue to Climb for Private Companies Amid Lease Accounting Transition – New LeaseQuery Report Lease liabilities rose 419% on average, with 10 industries seeing bigger ...
Business Wire

Revised Mercer U.S. Pension Buyout Index Methodology Shows That Costs of Annuity Buyouts Could Be Less Than Accounting Liability

NEW YORK--(BUSINESS WIRE)--Mercer, a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, and a business of Marsh & ...
Investopedia

Are Accounts Payable an Expense?

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. David is comprehensively experienced in many facets of financial and legal ...