LONG-TERM LIABILITIES
Long-term liabilities are liabilities with a future benefit over one year,
such as notes payable that mature longer than one year.
In accounting, the long-term
liabilities are shown on the right wing of the balance-sheet representing the
sources of funds, which are generally bounded in form of capital assets.
Examples of long-term liabilities are debentures,
mortgage loans
and other bank loans.
(Note: Not all bank loans are long term as not all are paid over a period
greater than a year, an example of this is a bridging loan.)
Bank
loans and mortgages are two common examples of long-term liabilities. By
convention, the loan installments and mortgage payments made within 12 months
count as current liability, and the outstanding debt or mortgage beyond 12
months is long-term liability. With the annual balloon-payment method of loan
repayment, the balloon payments due within 12 months become current liability,
and the rest long-term liability.
By convention, the portion of long-term
liabilities that must be paid in the coming 12-month period are classified as current liabilities. For example, a loan for
which two payments of $1000 are due, one in the next twelve months and the
other after that date, would be 'split' into two: the first $1000 would be
classified as a current liability, and the second $1000 as a long-term
liability (note this example is simplified, and does not take into account any
interest or discounting effects, which may be required depending on the
accounting rules).
Also "long-term liabilities"
are a way to show that you have to pay something off in a time period longer
than one year.
DAFTAR PUSTAKA
http://www.brighthub.com/office/finance/articles/86653.aspx
