Classification of financial liabilities in the financial statements: What will change?

Originally published at: Classification of financial liabilities in the financial statements: What will change? | TheAccSense

In this article, we are going to discuss the current and non-current classification of financial liabilities in your financial statements. Why is this current and non-current classification important? The classification of current and non-current liabilities in the financial statements is important as it measures and indicates the ability of a company meeting its short-term liabilities…