Financial Reporting
Current liabilities at Activision Blizzard Inc.
Current Liabilities for the Most Recent Annual Reporting Period
Current liabilities are classified as amounts which are owed to suppliers and creditors, which are due within 12 months (Harrison et al., 2012). The Activision Blizzard Inc. And Subsidiaries consolidated balance sheet shows total current liabilities at 31 December 2012 (the end of the most recent accounting period) as being $2,652 million. The company divides the current liabilities into three different categories; accounts payable, deferred revenues and accrued expenses and other liabilities.
The accounts payable may also be referred to as the trade payables, and is money which is due to the suppliers for goods that have been received, but not yet been paid (Wild, 2012). The amounts which are shown on the Activision Blizzard Inc. accounts payable will be accounts receivable on the relevant supplies balance sheet. At the end of 2012 the accounts payable was $343 million, and may have included payments to firms such as suppliers of raw materials, utilities suppliers etc.
The second category of liability is deferred revenues. Deferred revenues, which may also be referred to as deferred income or unearned income, refers to revenue...
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