Accounting Study Guide

Examples of Liability Accounts 

U.S. GAAP Codification,  IFRS,  Accounting Terms,  Accounting Jobs

Principles of Accounting,  Intermediate Accounting,  Advanced Accounting

Accounting Standards ASC,  Accounting by Topic,  Accounting Textbooks

Securities Law Library

Liabilities

Current Liabilities

Current liabilities include liabilities that are expected to be paid within a year from the balance sheet date.

Accounts payable (due within a year from the balance sheet date)    Notes payable (due within a year from the balance sheet date)    Short-term borrowings    Salaries payable    Income taxes payable    Sales taxes payable    Current maturities of long-term debt (due within a year from the balance sheet date)    Other current liabilities

Long-Term Liabilities

Long-term liabilities include liabilities that are expected to be paid after a year from the balance sheet date.

Bonds payable    Long-term notes payable (due after a year from the balance sheet date)    Long-term borrowings

U.S. GAAP Codification

International Financial Reporting Standards (IFRS)

Accounting Topics

Inventory Valuation Methods

Depreciation Methods

Revenue Recognition Principle

Accrual Basis vs. Cash Basis Accounting

Basics of Journal Entries

Ratios for Financial Statement Analysis

Overview of Financial Statements