INTANGIBLEASSETS幻灯片.ppt

What is a Current Liability? LO 3 Identify types of employee-related liabilities. Payments to certain or all employees in addition to their regular salaries or wages. Bonuses paid are an operating expense. Unpaid bonuses should be reported as a current liability. Profit-Sharing and Bonus Plans Provision is a liability of uncertain timing or amount. Reported either as current or non-current liability. Common types are Obligations related to litigation. Warrantees or product guarantees. Business restructurings. Environmental damage. Provisions LO 4 Explain the accounting for different ty