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Long-term liabilities, or non-current liabilities, are liabilities that are due beyond a year or the normal operation period of the company. [ 1 ] [ better source needed ] The normal operation period is the amount of time it takes for a company to turn inventory into cash. [ 2 ]
A fixed liability is a debt, bond, mortgage or loan that is payable over a term exceeding one year. Such debts are better known as non-current liabilities [ 1 ] or long-term liabilities . [ 2 ] Debts or liabilities due within one year are known as current liabilities .
IAS 37 establishes the definition of a provision as a "liability of uncertain timing or amount", and requires that all the following conditions be fulfilled before a provision can be recognized: the entity currently has a liability as a result of a past event; an outflow of resources is likely to be needed to settle the liability; and
Asset and liability management (often abbreviated ALM) is the term covering tools and techniques used by a bank or other corporate to minimise exposure to market risk and liquidity risk through holding the optimum combination of assets and liabilities. [1]
A ledger account is created for each account in the chart of accounts for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger. The general ledger holds financial and non-financial data for an organization. [3]
Dimensions are the foundation of the fact table, and is where the data for the fact table is collected. Typically dimensions are nouns like date, store, inventory etc. These dimensions are where all the data is stored. For example, the date dimension could contain data such as year, month and weekday. Identify the facts
Antimony prices are likely to hit record levels as consumers seek alternative supplies following China's latest export ban with growing trade tensions changing the dynamics around markets for ...
The term "schema" refers to the organization of data as a blueprint of how the database is constructed (divided into database tables in the case of relational databases). The formal definition of a database schema is a set of formulas (sentences) called integrity constraints imposed on a database.