Are accounts payable other financial liabilities or operating liabilities?

Your question seems to span two disciplines.

From the perspective of "Accounting", liabilities are divided into financial liabilities measured at fair value and their changes through profit or loss and other financial liabilities, and accounts payable are other financial liabilities.

In Financial Cost Management

From the perspective of perspective, liabilities are divided into operating liabilities and financial liabilities, and accounts payable belong to operating liabilities.

I really can't understand what he's talking about, and I've never heard of buying financial assets.

Accounts payable are also used, and accounts payable can be used to purchase "goods" and "inventory"!

In a narrow or general sense, it is an operating liability. The word "account" is the essence.

Whether you pay for finance or business depends on the purpose.

It is worth mentioning that the definition is given as the purchase of goods, not the purchase of inventory.

So in layman's terms, it depends on what you buy and what you use it for.

In financial management, liabilities are divided into financial liabilities measured at fair value through profit or loss and other financial liabilities, and accounts payable are other financial liabilities.

Other financial liabilities refer to financial liabilities other than those measured at fair value through profit or loss. Under normal circumstances, bonds issued by enterprises, accounts payable arising from the purchase of commodities, long-term payables, etc., should be classified as other financial liabilities. Other financial liabilities should be initially recognized as the sum of their fair value and related transaction costs.

Other financial liabilities are usually measured at amortized cost.

Other financial liabilities refer to financial liabilities other than those measured at fair value through profit or loss. Under normal circumstances, bonds issued by enterprises, accounts payable arising from the purchase of commodities, long-term payables, etc., should be classified as other financial liabilities. Other financial liabilities should be initially recognized as the sum of their fair value and related transaction costs.

Other financial liabilities are usually measured at amortized cost.

1. The debit balance of accounts receivable is reflected as an asset in the balance sheet, and the credit balance is reflected as a liability. Accounts receivable refers to the money that should have belonged to you after being recovered, so it is an asset account; Accounts receivable refer to the claims formed due to sales activities or the provision of labor services, excluding other receivables such as arrears from employees and interest receivables from debtors;

2. Accounts receivable refers to the amount that should be collected from the purchaser or service unit by the enterprise in the normal course of business because of the sale of products, commodities, raw materials, or services provided. Accounts receivable include claims that have been incurred and will arise in the future. Accounts receivable refer to claims in the nature of current assets, excluding long-term claims, such as the purchase of long-term bonds;

3. Accounts receivable include the following: sales of goods, rental of houses, provision of labor services, medical services provided by Youshen, education services, etc., accounts receivable refers to the company's receivables from customers, excluding the company's various types of deposits, such as bid deposits and leased packaging and other guarantees.

Legal basisArticle 761 of the Civil Code of the People's Republic of China.

A factoring contract is a contract in which the accounts receivable creditor transfers the existing or future accounts receivable to the factor, and the factor provides services such as financing, accounts receivable management or collection, and payment guarantee for the accounts receivable debtor.

1. Accounts receivable are assets

Accounts receivable are assets, and assets are defined as items that are expected to flow into the business and bring economic benefits to the business. Accounts receivable will definitely enter the enterprise at that time, so if the assets are not repaid by others, they will be accounted for by the "bad debt loss" account.

Accounts receivable belong to the creditor's rights of the enterprise, although it has not been collected for the time being, but the enterprise has the right to recover and dispose of it. First of all, accounts receivable refers to the claims formed due to sales activities or the provision of labor services, excluding other receivables such as arrears from employees and interest receivables from debtors. Secondly, accounts receivable refers to claims in the nature of current assets, excluding long-term claims, such as the purchase of long-term bonds. Thirdly, accounts receivable refers to the amount receivable from customers by the Company, excluding all kinds of deposit deposits paid by the Company, such as bid deposits and leased packaging deposits.

2. Losses in accounts receivable

The loss of accounts receivable includes the cost of funds for overdue accounts receivable, additional collection fees, bad debt losses, these direct losses are more obvious, and there are some indirect losses, for example, although the enterprise can generate more profits when selling on credit, it does not really increase the cash inflow of the enterprise, but makes the enterprise have to use limited liquidity to advance various taxes and expenses, which accelerates the cash outflow of the enterprise, which is mainly manifested as: :

Expenditure of corporate turnover tax. The sales revenue brought by the accounts receivable does not actually receive cash, and the turnover tax is calculated on the basis of sales, and the enterprise must pay it in cash on time. The turnover tax paid by enterprises, such as value-added tax, business tax, consumption tax, resource tax and urban construction tax, will inevitably increase with the increase of sales revenue.

Income tax expenses. Accounts receivable generate profits, but they are not realized in cash, and income tax payments must be paid in cash on time. Once the accounts receivable cannot be recovered in time, the company's funds may be ineffective and have to borrow from the bank, and the debt will have to bear the interest expense; If the enterprise engages in "triangular debt" and defaults on the payment of the first business, it will not be able to obtain a cash discount for the purchase, or it will not be able to obtain a better purchase discount because of the reduction of credit, which will increase the cost of the product and be at a disadvantage when competing for filial piety.

If multiple losses occur at the same time, beyond the maximum tolerance of the enterprise for the loss of accounts receivable, the enterprise may fall into a serious financial crisis, or even bankruptcy.

The above is the introduction of accounts receivable as assets. Accounts receivable have not yet been collected, but the equity is still in the hands of the enterprise, so accounts receivable are assets. On the balance sheet, accounts receivable are classified as current assets and their scope refers to those receivables that are expected to be recovered within a business cycle of one year or more.

Accounts payable are liabilities.

Accounts payable refers to the amount payable by an enterprise for business activities such as the purchase of materials, goods or the receipt of labor services**.

Accounts payable include: the price of the purchased goods, the input VAT tax, and the seller's disbursement expenses.

If the accounts payable are accompanied by a cash discount, the total amount of the accounts payable before deducting the cash discount shall be recorded, and the cash discount obtained from the payment during the discount period shall be offset against the financial expenses when the accounts payable are repaid. If the accounts payable are accompanied by commercial discounts, they shall be recorded in the total amount of accounts payable after deducting the commercial discounts.

Major accounting treatment of accounts payable

1) The enterprise purchases materials, commodities and other inspection into the warehouse, but the payment has not been paid, according to the relevant vouchers (invoices, invoices with the actual price or provisional value recorded on the invoice), debit the "material procurement", "materials in transit" and other accounts, according to the deductible value-added tax, debit the "tax payable - VAT payable (input tax)" and other accounts, according to the price payable, credit this account.

When an enterprise purchases materials, if the supplier makes up for the underpayment of the goods when the supplier makes up for the underpaid goods, the "accounts payable" shall be debited and the corresponding amount in the "profit or loss of property to be disposed of" shall be transferred to the credit side.

2) The unpaid amount payable arising from the provision of labor services by the ** unit shall be debited and credited to this account according to the invoice bill of the ** unit. When making a payment, this account is debited and accounts such as "Bank Deposit" are credited.

Accounts receivable. It is an asset-class account. Accounts receivable refers to the amount that should be collected from the purchasing unit due to the sale of goods, products, provision of labor services and other businesses in the normal course of business, including the taxes that should be borne by the purchasing unit or the receiving labor unit, and various transportation and miscellaneous expenses advanced by the buyer.

Accounts receivable is a creditor's right formed with the occurrence of sales behavior of an enterprise.

Extended Materials. Accounting treatment of accounts receivable.

Accounts receivable refers to the amount that an enterprise should collect from the purchasing unit or the receiving unit for the sale of goods, the provision of labor services and other business activities, mainly including the price that the enterprise should collect from the relevant debtor for the sale of goods or the provision of labor services, and the packaging fees, transportation and miscellaneous expenses advanced by the first cargo unit. This account accounts for the amount receivable by an enterprise for business activities such as the sale of goods and the provision of labor services. In order to reflect the increase and decrease of accounts receivable and its balance, enterprises should set up an account of "accounts receivable", and enterprises that do not set up a separate account of "accounts receivable" should also account for accounts receivable in advance.

If an enterprise adopts a deferred approach to the collection of contract or agreement price due to the sale of commodities or the provision of labor services, etc., which is essentially of a financing nature, it shall be accounted for in the "long-term receivables" account, not in this account.

This account is based on the detailed accounting of different units that purchase goods or receive services.

The main accounting treatment of this account.

When accounts receivable occur in this account, this account will be debited according to the amount receivable, and the operating income will be consolidated according to the actual Zen basis.

Credit "main business income", etc., according to the VAT indicated on the special invoice, credit the "tax payable - VAT payable (output tax)" account; When accounts receivable are recovered, accounts such as "Bank Deposits" are debited and this account is credited.

The packaging fees, transportation and miscellaneous expenses advanced by the ** cargo unit of the enterprise shall be debited to this account and credited to the "bank deposit" and other accounts; When the freight is recovered, the "bank deposit" is debited and the account is credited.

If the amount of cash received from the debtor for repayment of debts is less than the book value of the accounts receivable, the enterprise shall debit the account of "bank deposits" and other accounts according to the actual amount of cash received, and make provision for bad debts according to the provisions made for the restructured creditor's rights.

The "bad debt provision" account is debited, the account is credited according to the book balance of the restructured creditor's rights, and the "operating expenses outside the company" are debited according to the difference.

Subjects. The non-cash assets accepted by the enterprise for the debtor to settle debts shall be based on the fair value of the non-cash assets.

"Raw Materials", "Inventory Goods", "Fixed Assets" are debited.

Intangible asset. and other accounts, according to the deductible VAT amount, debit "Tax Payable - VAT Payable (Input Tax.

This account shall be credited according to the book balance of the restructured creditor's rights, and the accounts of "bank deposits" and "taxes payable" shall be credited according to the relevant taxes and other expenses payable, and the account of "non-operating expenses" shall be debited according to the difference.

To convert debt into investment, the enterprise should debit the "long-term equity investment" at the fair value of the shares to which it should be entitled.

The account shall be credited to this account according to the book balance of the restructured creditor's rights, the accounts of "bank deposit and bank deposits" and "taxes payable" shall be credited according to the relevant taxes and fees payable, and the account of "non-operating expenses" shall be debited according to the difference.

Accounts payable is a liability account, and the credit balance represents accounts payable, which is a liability; The debit balance represents the prepaid account and is an asset.

Accounts payable: Accounts payable is a liability account, and in general economic operations, the credit amount represents the amount owed to others and the debit amount is the actual payment.

In general, the accounts payable account balance will be on the credit side, indicating how much money is still owed. However, accounts receivable and accounts payable are all loanable and creditable, and some enterprises do not set up prepaid accounts account accounting, and all payments are directly merged into accounts payable accounts, so the debit balance of accounts payable can also represent unprepaid accounts, and this part of the balance should be filled in the prepaid accounts in the balance sheet, which belongs to assets.

Note: Current liabilities: short-term borrowings, payables, prepayments, withholding expenses, etc.

Long-term liabilities: long-term borrowings, bonds payable, long-term payables, etc.

Current assets: monetary funds, short-term investments, receivables, inventories, prepaid accounts, long-term amortized expenses, etc.

Long-term assets: long-term investments, fixed assets, intangible assets, deferred assets.

Owners' equity: share capital (paid-in capital), capital reserve, surplus reserve, undistributed profits.

Long-term payables are other financial liabilities. It is a financial liability other than the financial liabilities measured at fair value through profit or loss, and the relevant transaction costs should be included in the initial recognition amount and the amortized cost should be used for subsequent measurement.

Long-term payables mainly include the payment payable for the introduction of equipment, the accounts payable for the purchase of fixed assets and intangible assets by installment payments, and the lease fees for financial leases of fixed assets. The accounting and supervision of the payment and return of the long-term non-wide occurrence of the enterprise shall be set up as an accounting account of "long-term payable". The debit side registers the amount of repayment of long-term payables; The credit registers long-term payables that have not yet been paid.