Beruflich Dokumente
Kultur Dokumente
2
Other current assets is money and other
economic resources that the organizations
expects to consume and expense within one
year, such as inventories and prepaid
expenses.
3
Property and equipment, net is
economic resources such as land,
buildings, and equipment, minus the
amount that has been depreciated over
the life of the buildings and equipment,
which is accumulated depreciation.
Liabilities are economic obligations, or
debts, of the organization.
4
Current liabilities are economic
obligations, or debts, that are due
in less than one year.
Current portion of long-term debt is
money due within one year on a
long-term debt.
Accounts payable and accrued
expenses is money due within one
year to vendors and employees
(sometimes called accrued
wages).
5
Other current liabilities are other economic
obligations that are due in less than one year.
These may include deferred revenue, which is
revenue received but not yet earned .
Long-term liabilities are economic obligations, or
debts, that are due in more than one year.
Long-term debt, net of current portion is an
economic obligation, or debt, that is due in more
than one year, minus the amount that is due
within one year referenced above.
6
Net Assets is the current American Institute
of Certified Public Accountants (AICPA)-
approved terminology for the difference
between assets and liabilities in not-for-
profit healthcare organizations.