trade payables

- increase (decrease) in operating trade payables (1)

The proposal would apply to nearly all categories of financial instruments, including stocks, bonds, options, trade payables, and in the case of financial institutions, customer deposits and loans.

"11 Provisions can be distinguished from other liabilities such as trade payables and accruals because there is uncertainty about the timing or amount of the future expenditure required in settlement.

Traditionally, dynamic payables discounting, the early payment of trade payables in advance of the invoice due date, has been only related to invoices that are already approved.

On top of the $5.9 million owing to Best Buy, liabilities include $7 million in trade payables plus an undetermined amount for labor law violations for firing workers without required notice.

Payables are often categorized as Trade Payables, payables for the purchase of physical goods that are recorded in Inventory, and Expense Payables, payables for the purchase of goods or services that are expensed.

In most cases, trade receivables and trade payables can be stated at the amount expected to be received or paid; however, it is necessary to discount a receivable or payable with a substantial credit period (see for example IAS18.11 for accounting for revenue).