Accrued Expenses (SF.BS.AccruedExpenses)
Accrued Expenses (SF.BS.AccruedExpenses) refers to Operational Expenses that have become due but have not been paid yet.
Accrued Expenses (SF.BS.AccruedExpenses) includes:
- Interest payable, accrued interest expenses in companies other than commercial banks
- Accrued insurance expenses, accrued advertising expenses
- Wages/salaries payable, accrued payroll, payroll taxes payable, accrued compensation expenses, accrued profit sharing
- Income real estate taxes, accrued property taxes (other than income taxes)
- Professional fees payable, royalties payable
- Rent payable
- Obligations from right-of-use contracts related to operating leases
- Short-term obligations from right-of-use contracts that are not specified as related to financial (capital) or operating leases – treated as operating leases in the United States
Accrued Expenses (SF.BS.AccruedExpenses) does not include:
- Accrued interest expenses, interest payable in commercial banks (shown in Accounts Payable (SF.BS.AccountsPayable))
- Current interest-bearing debt liabilities (shown in Notes Payable/Short-Term Debt (SF.BS.NotesPayable_STDebt))
- Current obligations from right-of-use contracts related to financial (capital) leases (shown in Current Portion of LT Debt/Capital Leases (SF.BS.CurrentPortOfLTDebt_CapitalLeases), and in Current Portion of Long-Term Capital Leases, Supplemental (SF.Notes.BS.CurrPortOfLTCapitalLeasesSuppl))
- Current obligations from right-of-use contracts not specifically related to Financial (Capital) or Operating Leases – treated as Financial Leases other than with US GAAP and IFRS (shown in Current Portion of LT Debt/Capital Leases (SF.BS.CurrentPortOfLTDebt_CapitalLeases), and in Current Portion of Long-Term Capital Leases, Supplemental (SF.Notes.BS.CurrPortOfLTCapitalLeasesSuppl))
- Long-term operating lease liabilities (shown in Other Long-Term Liabilities (SF.BS.OtherLTLiabilities))
- Deferred income tax liability – current (shown in Deferred Income Tax – Current Liability (SF.BS.DeferredIncomeTax_CurrentLiability))
- Accrued income taxes (shown in Income Taxes Payable (SF.BS.IncomeTaxesPayable))