Financial managements lecture 4

       The accrued liabilities means for some reason you need to deliver good or service later or you need to pay your payments later. If you want to pay later t is called accrued liability a simple example is project. For example a building with 100 store will be build after building half of it half of the accrued liability is occurred. The third part is the owners equity, I already explained it, paid – in capital or contribute a capital.  It might be seem confusing but it is easy. Contributing in capital is same as paid in capital I explained before. 

      Then work in capital, it is the short term business in the business they are also and commonly called working capital, previously we talked why the word capital is so confusing this is another mean of the capital the short term asset. The next term is net working capital, it is in the last paragraph on page 33 it is usually means, it has a strict definition, the simple definition is short term assets minus short term liabilities but it is not correct, the precise definition is one page 34 at the bottom of the page, in current assets minus (payables + accruals liabilities), payables + accruals liabilities are short term liabilities.

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