Current Assets
Current Assets
Expected to be converted to cash or consumed in more than one year (or operating cycle if longer).
Long-Term Assets
Obligations expected to be settled within one year - or the operating cycle, if longer - are listed by maturity date.
Current Liabilities
Obligations a company expects to satisfy in more than one year.
Long-Term Liabilities
Stockholder investments, usually divided into common stock and additional paid-in capital.
Contributed Capital
Money on hand or in bank accounts available for immediate use.
Cash
Investments in other companies not intended for short-term sales.
Long-Term Investments
Amounts owed to suppliers for purchases on account.
Accounts Payable
Long-term loans (can be short-term or long-term).
Notes Payable
Accumulated profits not yet distributed to stockholders.
Retained Earnings
Short-term, liquid investments easily convertible to cash.
Cash Equivalents
Tangible assets used in operations, depreciated over time (except land).
Property, Plant, and Equipment (PPE)
Cash received in advance from customers for future goods or services.
Deferred Revenues
Formal debt issued to investors through the bond market.
Bonds Payable
Based on the asset's original purchase price.
Historical Cost
Amounts due from customers for goods or services, typically within 30-60 days.
Accounts Receivable (AR)
Rental agreements, also called "right-of-use" assets.
Operating Leases
Expenses incurred but unpaid (e.g. utilities, salaries, interest, taxes).
Accrued Liabilities (Accrued Expenses)
Financial obligations for the right to use assets over a set period.
Leases
Historical cost minus accumulated depreciation or amortization.
Amortized Cost
Goods held for sale to customers.
Inventory
Non-physical assets, like patents, copyrights, franchises, trademarks, and goodwill.
Intangible Assets
Part of long-term obligations due within the next year.
Current Portion Of Long-Term Debt
Estimated future payments for employee retirement benefits.
Pension Obligations
Estimated selling price in an orderly, fair-market transaction.
Market Value