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Financial & Non Financial Liabilities Reviewer

The document outlines different types of financial and non-financial liabilities. Financial liabilities include payables, held for trading liabilities, derivative liabilities, and redeemable preference shares. Non-financial liabilities include obligations such as tax payables and statutory requirements, warranty obligations, unearned or deferred revenue, and commodity contracts that cannot be settled in cash. The document also separates current and non-current liabilities and notes different accounting standards may apply to employee benefits and lease and pension liabilities.

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131 views2 pages

Financial & Non Financial Liabilities Reviewer

The document outlines different types of financial and non-financial liabilities. Financial liabilities include payables, held for trading liabilities, derivative liabilities, and redeemable preference shares. Non-financial liabilities include obligations such as tax payables and statutory requirements, warranty obligations, unearned or deferred revenue, and commodity contracts that cannot be settled in cash. The document also separates current and non-current liabilities and notes different accounting standards may apply to employee benefits and lease and pension liabilities.

Uploaded by

stitch.enzooo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

FINANCIAL LIABILITIES NON FINANCIAL

LIABILITIES

IM: FV-TC (FVPL: FV only) IM: Best Estimate


SM: AC (generally) / FVPL / FVOCI SM: Best Estimate

Payables Obligations (statutory reqs: ex


– Tax Payables )
Constructive Obligations
Held for Trading Liabilities Warranty Obligations
Derivative Liabilities Unearned/Deferred Revenue
Redeemable Preference Commodity Contracts
Shares Issued (cannot be settled net in cash)
Security Deposits
Returnable Deposits
**Lease Liabilities
**Employee Benefits
- diff accounting
standards
CURRENT LIABILITIES NON-CURRENT
LIABILITIES

IM: FV-TC (FVPL: FV only) IM: Best Estimate


SM: AC / FVPL / FVOCI SM: Best Estimate

FL @ FVPL (Derivative) Obligations (statutory reqs)


Trade Payables (WUANA) Warranty Obligations
Bank Overdrafts Unearned/Deferred Revenue
Accrued Expense Commodity Contracts
(cannot be settled net in cash)
Dividends Payable Deferred Tax Liability

**Unearned Income **Bonds, Mortgage Payable


**Pension Liabilities

(silent)

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