The Income/Outcome^® Contextuary

a visual glossary of corporate finance

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We use "business visualization" to graphically simplify complex business concepts (and increase business acumen). To get more information on business visualization, please see "The Company Board" (our business results visualizer) and Income/Outcome (our customizable business simulation).

The following are our generic explanations of common corporate financial terminology. Actual meanings can vary wildly from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"

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Liabilities

The debts of the company; includes bank loans, salaries and benefits payable, suppliers’ bills (Accounts Payable (A/P)), taxes due, etc. Liabilities are usually sorted into current or short-term (falling due within one year) and long-term (payment period is greater than one year).

Full it flag term list.

The Income/Outcome® Contextuary

a visual glossary of corporate finance

Liabilities

The Income/Outcome^® Contextuary