Business Management HL
Business Management HL
6
Chapters
223
Notes
Unit 1 - Introduction To Business Management - QB
Unit 1 - Introduction To Business Management - QB
Unit 2 - Human Resource Management - QB
Unit 2 - Human Resource Management - QB
Unit 3 - Finance & accounts - QB
Unit 3 - Finance & accounts - QB
Unit 4 - Marketing - QB
Unit 4 - Marketing - QB
Unit 5 - Operations management - QB
Unit 5 - Operations management - QB
Unit 6 - Assessment
Unit 6 - Assessment
IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlock The Secrets Of Business Liabilities: Current Vs Non-Current Explained!

Word Count Emoji
693 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

πŸŽ‰ Hey future business tycoon! Let's dive into the exciting world of liabilities (not as scary as it sounds!) πŸŽ‰

Liabilities - what's the fuss? 🎈

Imagine you borrowed a book (or a game, or some cash) from your friend. Now, you have a responsibility to give it back, right? In the business world, liabilities are just like that: they are amounts a company owes. Think of them as business IOUs!

 

🎯 Real-World Example: Your favorite pizza place took a loan to buy a new oven. That loan? Yep, it's a liability because they owe money back!

Non - current liabilities (long - term liabilities) 🐒

  • These are the big commitments, the ones we don't need to worry about paying back right away.
  • Payable after 12 months.
  • Examples include
    • 🏦 Long-term bank loans: Imagine buying a big fancy house and getting a 30-year mortgage.
    • 🏠 Mortgages: Your local mall? Probably built using one!

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Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟

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IB Resources
Unit 3 - Finance & accounts - QB
Business Management HL
Business Management HL

Unit 3 - Finance & accounts - QB

Unlock The Secrets Of Business Liabilities: Current Vs Non-Current Explained!

Word Count Emoji
693 words
Reading Time Emoji
4 mins read
Updated at Emoji
Last edited onΒ 5th Nov 2024

Table of content

πŸŽ‰ Hey future business tycoon! Let's dive into the exciting world of liabilities (not as scary as it sounds!) πŸŽ‰

Liabilities - what's the fuss? 🎈

Imagine you borrowed a book (or a game, or some cash) from your friend. Now, you have a responsibility to give it back, right? In the business world, liabilities are just like that: they are amounts a company owes. Think of them as business IOUs!

 

🎯 Real-World Example: Your favorite pizza place took a loan to buy a new oven. That loan? Yep, it's a liability because they owe money back!

Non - current liabilities (long - term liabilities) 🐒

  • These are the big commitments, the ones we don't need to worry about paying back right away.
  • Payable after 12 months.
  • Examples include
    • 🏦 Long-term bank loans: Imagine buying a big fancy house and getting a 30-year mortgage.
    • 🏠 Mortgages: Your local mall? Probably built using one!

Unlock the Full Content! File Is Locked Emoji

Dive deeper and gain exclusive access to premium files of Business Management HL. Subscribe now and get closer to that 45 🌟

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