| Liability | |
 A legal debt or obligation estimated via accrual accounting. |
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 Recorded on the balance sheet, liabilities include loans, accounts payable, mortgages, deferred revenues, and accrued expenses. For example, the unpaid value of a mortgage or outstanding money owed to suppliers would be considered a liability. Current liabilities are debts payable within one year, while long-term liabilities are debts payable over a longer period. |
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 Reading The Balance Sheet - Learn about the components of the statement of financial position and how they relate to each other. Introduction to Fundamental Analysis - Here's an easy-to-understand tutorial on the techniques of analyzing a company's financial statements, including the annual and quarterly reports, the auditor's report, and much more. Debt Reckoning - Learn about debt ratios and how to use them to assess a company's financial health. You could save a lot of money! Z Marks The End - Investors need to know how to detect signs of looming bankruptcy. The Z-score can help. |
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