Short-term obligations refer to financial liabilities that a company is required to settle within one fiscal year or operating cycle, whichever is longer. These obligations typically include accounts payable, short-term loans, and other accrued expenses. Managing short-term obligations is crucial for maintaining liquidity and ensuring operational efficiency. Companies must accurately report these liabilities on their balance sheets to provide a clear picture of their financial health.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
