Current Liabilities Explained

In this video you’re going to learn:
• What current liabilities are
• Examples of current liabilities
• How current liabilities are used in financial analysis

0:00 Introduction
0:32 What is a current liability?
1:09 Current vs noncurrent liabilities
2:07 Examples of current liabilities
2:26 What's the difference between accounts payable and notes payable?
2:55 Secured vs unsecured note
3:47 Accrued liabilities
5:44 Current portion of long-term debt
7:40 Refundable deposits
8:20 Advance payment from customer
9:04 Unearned revenue
10:45 Breakage revenue
12:07 How are current liabilities used in financial analysis?
13:56 Pick-up lines for accountants

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[jess-hule]

Great video - thanks for keeping it engaging! All the jokes made reviewing this topic actually really enjoyable for me

Btw that’s very interesting about Starbucks 👀

[sinitajones]

This has to be the funniest video I have viewed so far among your repertoire 😂Keep up the great work! 👊

[hazemkamalmaz]

You have a unique teaching style that combines rich detail with a light sense of humor that I have never seen in my life. Please accept all appreciation and respect. With best regards, Hazem

[ramtinabadi]

Your videos are not just for accountants. They have helped me run my companies in 2 different countries since 2018. Like the new format of the videos by the way. 👍

[DonChubb]

I have really appreciated your videos. Thank you for all your help while I study to be an accountant.

[jen-pmnk]

Great video, as always! The massage line... I am dying. Thank you for all of your help!!!

[yasminkirsch]

I love it, never thought I would laugh at an accounting video LOL

[wonjoann]

as always thank you for your excellent explanation

[UmerKhan-njzq]

Thanks! Your videos have been very helpful for me in clarifying my accounting concepts. I request you to make a video on the updated definition on the elements of financial statements since they have been pretty confusing for me.❤

[kathiescavone]

You're hilarious!! lmao I loved this video very much and it was easy to learn without drifting off because it wasn't boring

[Shalommmm]

Omg this was the best 😂😂 Thank you for making Accounting less pain

[stevenintexas]

Hi Michael, can you do a video on how to calculate the Convexity of a bond? I need to calculate the Dollar Value change for a bond given a 1 basis point change in the bonds yield. I can calculate Modified Duration easy enough in Excel but Modified Duration doesn't take convexity into account and I want to create a table showing how the dollar Value of 1 basis point on a bond changes over time as the bond gets closer and closer to maturity. We typically quote Dollar Value of an 0.01 (DV01) in terms of DV01 per $1 million face value. I'm currently without a Bloomberg and Bloomberg calculates the DV01 of a bond for me. Thanks

[Kushiiiiiiiiiiii]

Hie Micheal, thanks a lot for your videos, it’s very helpful for me as an international student preparing for US CPA.
Can u please make a video on deferred compensation plan and their accounting.
Thank you.

[NS-tznt]

Hi, do you have an Intermediate Accounting 2 video course ? I can’t seem to find any & I love your videos !

[EnglishwithFaizan]

Notes payable is a current or a fixed liability?