Net working capital
Current Liabilities
be paid within one year.
Accounts Payable
amounts owed to suppliers
Supplier
goods and services
Taxes Payable
Taxes owed to government entities.
Accrued expenses
Recognized when incurred but not yet paid.
Current Assets
Converted into cash within 1 year.
Prepaid Expenses
Future expenses already paid
Assets
what a company owns
Liabilities
amounts owed to other entities
Long-Term Liabilities
Debts to be repaid after 1 year.
working capital
Cash and current assets available after accounting for current liabilities.
long-term asset
useful life of more than a year
Cash
actual money available
Cash flow
cash inflows and outflows