Difference between revisions of "Current Liabilities"
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'''Current Liabilities'''. It is any liability which must be honored within one year (for instance, dividends, taxes, accounts payable, or payroll). | '''Current Liabilities'''. It is any liability which must be honored within one year (for instance, dividends, taxes, accounts payable, or payroll). | ||
| − | [[Category: | + | Current liabilities are those: <ref>[IAS 1.69]</ref> |
| + | * expected to be settled within the entity's normal operating cycle | ||
| + | * held for purpose of trading due to be settled within 12 months | ||
| + | * for which the entity does not have the right at the end of the reporting period to defer settlement beyond 12 months. | ||
| + | |||
| + | == Usage == | ||
| + | * [[Statement of Financial Position]] | ||
| + | |||
| + | == XBRL Properties == | ||
| + | * IFRS Prefix: ifrs-smes | ||
| + | * Element Name: Current liabilities [abstract] | ||
| + | * Common Initials: | ||
| + | * Element Type and Attributes: Aggregate | ||
| + | * [[Accounts Hierarchy Structure | Hierarchy Level]]: 3 | ||
| + | * IFRS References: | ||
| + | |||
| + | == References == | ||
| + | <references/> | ||
| + | |||
| + | [[Category:Balance Sheet Balances]] | ||
| + | [[Category:XBRL]] | ||
Latest revision as of 21:59, 12 April 2021
Contents
Definition
Current Liabilities. It is any liability which must be honored within one year (for instance, dividends, taxes, accounts payable, or payroll).
Current liabilities are those: [1]
- expected to be settled within the entity's normal operating cycle
- held for purpose of trading due to be settled within 12 months
- for which the entity does not have the right at the end of the reporting period to defer settlement beyond 12 months.
Usage
XBRL Properties
- IFRS Prefix: ifrs-smes
- Element Name: Current liabilities [abstract]
- Common Initials:
- Element Type and Attributes: Aggregate
- Hierarchy Level: 3
- IFRS References:
References
- ↑ [IAS 1.69]
