Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

A company’s liabilities are the debts and obligations represented on its balance sheet. They are the opposite of assets. Liabilities detract from a company’s total value, as they represent debts that ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...